Egremont Capital Limited - Accounts

Egremont Capital Limited - Accounts

EGREMONT CAPITAL LIMITED - Company Information

Print Friendly Version

2020-10-01 2022-03-31 false Capium Accounts Production 1.1 11155066 bus:FullAccounts 2020-10-01 2022-03-31 11155066 bus:FRS102 2020-10-01 2022-03-31 11155066 bus:AuditExempt-NoAccountantsReport 2020-10-01 2022-03-31 11155066 bus:SmallCompaniesRegimeForAccounts 2020-10-01 2022-03-31 11155066 bus:PrivateLimitedCompanyLtd 2020-10-01 2022-03-31 11155066 2020-10-01 2022-03-31 11155066 2022-03-31 11155066 bus:RegisteredOffice 2020-10-01 2022-03-31 11155066 core:WithinOneYear 2022-03-31 11155066 core:AfterOneYear 2022-03-31 11155066 bus:Director1 2020-10-01 2022-03-31 11155066 bus:Director1 2022-03-31 11155066 bus:Director1 2019-10-01 2020-09-30 11155066 bus:Director2 2020-10-01 2022-03-31 11155066 bus:Director2 2022-03-31 11155066 bus:Director2 2019-10-01 2020-09-30 11155066 2019-10-01 11155066 bus:CompanySecretary1 2020-10-01 2022-03-31 11155066 bus:LeadAgentIfApplicable 2020-10-01 2022-03-31 11155066 2019-10-01 2020-09-30 11155066 2020-09-30 11155066 core:WithinOneYear 2020-09-30 11155066 core:AfterOneYear 2020-09-30 11155066 bus:EntityAccountantsOrAuditors 2019-10-01 2020-09-30 11155066 core:FurnitureFittings 2020-10-01 2022-03-31 11155066 core:FurnitureFittings 2022-03-31 11155066 core:FurnitureFittings 2020-09-30 11155066 core:ComputerEquipment 2020-10-01 2022-03-31 11155066 core:ComputerEquipment 2022-03-31 11155066 core:ComputerEquipment 2020-09-30 11155066 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-03-31 11155066 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2020-09-30 11155066 core:CostValuation core:Non-currentFinancialInstruments 2022-03-31 11155066 core:CostValuation core:Non-currentFinancialInstruments 2020-09-30 11155066 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2022-03-31 11155066 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2022-03-31 11155066 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2022-03-31 11155066 core:Non-currentFinancialInstruments 2022-03-31 11155066 core:Non-currentFinancialInstruments 2020-09-30 11155066 core:ShareCapital 2022-03-31 11155066 core:ShareCapital 2020-09-30 11155066 core:RetainedEarningsAccumulatedLosses 2022-03-31 11155066 core:RetainedEarningsAccumulatedLosses 2020-09-30 11155066 dpl:Item1 2020-10-01 11155066 dpl:Item1 2022-03-31 11155066 dpl:Item1 2019-10-01 11155066 dpl:Item1 2020-09-30 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 11155066
England and Wales

 

 

 

EGREMONT CAPITAL LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 October 2020

End date: 31 March 2022

Egremont Capital Limited
Contents Page
For the period ended 31 March 2022
Directors J HALL
P A Welding
Registered Number 11155066
Registered Office 1 KINGS AVENUE
LONDON UNITED KINGDOM
London
N21 3NA
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 March 2022.
Principal activities
Principal activity of the company during the financial period was of Corporate broking consultancy.
Directors
The directors who served the company throughout the period were as follows:
J HALL
P A Welding
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
J HALL
Director

Date approved: 31 March 2023
2
 
 		 Notes
 		 2022
£		   2020
£
Fixed assets      
Tangible fixed assets 3 37,068    31,136 
37,068    31,136 
Current assets      
Debtors 4 30,587    81,741 
Cash at bank and in hand 77    41,832 
30,664    123,573 
Creditors: amount falling due within one year 5 (90,738)   (65,481)
Net current liabilities (60,074)   58,092 
 
Total assets less current liabilities (23,006)   89,228 
Creditors: amount falling due after more than one year 6 (76,875)   (46,875)
Net liabilities (99,881)   42,353 
 

Capital and reserves 		     
Called up share capital 100    100 
Profit and loss account (99,981)   42,253 
Shareholder's funds (99,881)   42,353 
 


For the period ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 31 March 2023 and were signed on its behalf by:


--------------------------------
J HALL
Director
3
General Information
Egremont Capital Limited is a private company, limited by shares, registered in England and Wales, registration number 11155066, registration address 1 KINGS AVENUE, LONDON UNITED KINGDOM, London, N21 3NA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Directors regard the foreseeable future as no less than twelve months following the publication of its annual financial statements.
The directors have considered the Impact of COVID 19, Company's working capital forecasts and projections taking account of possible changes in trading performance and the current state of its operating market and are satisfied that the Company should be able to remain in operational existence. Accordingly, they have adopted the going concern basis in preparing the financial statements
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings 33% straight line
Computer Equipment 20% straight line
2.

Average number of employees

Average number of employees during the period was 2 (2020 : 3).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 October 2020 2,556    36,285    38,841 
Additions 1,715    12,325    14,040 
Disposals -    -    - 
At 31 March 2022 4,271    48,610    52,881 
Depreciation
At 01 October 2020 443    7,261    7,704 
Charge for period 852    7,257    8,109 
On disposals -    -    - 
At 31 March 2022 1,295    14,518    15,813 
Net book values
Closing balance as at 31 March 2022 2,976    34,092    37,068 
Opening balance as at 01 October 2020 2,112    29,024    31,136 


4.

Debtors: amounts falling due within one year

2022
£		   2020
£
Trade Debtors -    69,610 
Other Debtors 30,587    12,131 
30,587    81,741 

5.

Creditors: amount falling due within one year

2022
£		   2020
£
Trade Creditors 63,943    30,470 
Other Creditors 26,795    35,011 
90,738    65,481 

6.

Creditors: amount falling due after more than one year

2022
£		   2020
£
Other Creditors 76,875    46,875 
76,875    46,875 

7.

Related Party Disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
Included within trade creditors due within one year is an amount of £33,423 (2020: £10,738) owed to a connected company with common director and shareholdings.
4