Institutional Investment Advisors Limited Company accounts
Institutional Investment Advisors Limited Company accounts
COMPANY REGISTRATION NUMBER:
06374718
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Financial Statements |
Year ended 28 February 2023
Contents |
Page |
Director's report |
1 |
Independent auditor's report to the members |
3 |
Statement of income and retained earnings |
7 |
Statement of financial position |
8 |
Notes to the financial statements |
9 |
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Director's Report |
Year ended 28 February 2023
The director presents his report and the financial statements of the company for the year ended
28 February 2023
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Directors
The directors who served the company during the year were as follows:
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(Resigned
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Director's responsibilities statement
Auditor
Each of the persons who is a director at the date of approval of this report confirms that:
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so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.
Small company provisions
This report was approved by the board of directors on
26 June 2023
and signed on behalf of the board by:
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Director |
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Registered office: |
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England |
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Independent Auditor's Report to the Members of
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Year ended 28 February 2023
Opinion
Basis for opinion
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.
Other information
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the director's report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
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the director's report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
Responsibilities of the director
Auditor's responsibilities for the audit of the financial statements
This report is made solely to the company's members, as a body, in accordance with chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
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(Senior Statutory Auditor) |
For and on behalf of |
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Chartered Certified Accountants & Statutory Auditor |
Printing House |
66 Lower Road |
Harrow |
HA2 0DH |
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Statement of Income and Retained Earnings |
Year ended 28 February 2023
2023 |
2022 |
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Note |
£ |
£ |
Turnover |
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Gross profit |
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Administrative expenses |
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---------- |
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Operating profit |
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Other interest receivable and similar income |
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Profit before taxation |
6 |
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Tax on profit |
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Profit for the financial year and total comprehensive income |
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Dividends paid and payable |
(
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(
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Retained earnings at the start of the year |
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---------- |
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Retained earnings at the end of the year |
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All the activities of the company are from continuing operations.
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Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
£ |
£ |
Fixed assets
Tangible assets |
7 |
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– |
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Current assets
Debtors |
8 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
9 |
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Net current assets |
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Total assets less current liabilities |
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Provisions
Taxation including deferred tax |
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– |
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Net assets |
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Capital and reserves
Called up share capital |
10 |
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Profit and loss account |
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Shareholders funds |
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These financial statements were approved by the
board of directors
and authorised for issue on
26 June 2023
, and are signed on behalf of the board by:
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Director |
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Company registration number:
06374718
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Notes to the Financial Statements |
Year ended 28 February 2023
1.
General information
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Judgements and key sources of estimation uncertainty
Revenue recognition
Income tax
Foreign currencies
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
3 years straight line |
- |
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Impairment of fixed assets
Provisions
4.
Auditor's remuneration
2023 |
2022 |
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£ |
£ |
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Fees payable for the audit of the financial statements |
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------- |
------- |
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5.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2022:
1
).
6.
Profit before taxation
Profit before taxation is stated after charging:
2023 |
2022 |
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£ |
£ |
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Depreciation of tangible assets |
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– |
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7.
Tangible assets
Equipment |
Total |
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£ |
£ |
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Cost |
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At 1 March 2022 |
– |
– |
Additions |
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At 28 February 2023 |
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------- |
------- |
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Depreciation |
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At 1 March 2022 |
– |
– |
Charge for the year |
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------- |
------- |
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At 28 February 2023 |
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------- |
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Carrying amount |
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At 28 February 2023 |
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------- |
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At 28 February 2022 |
– |
– |
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------- |
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8.
Debtors
2023 |
2022 |
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£ |
£ |
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Trade debtors |
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Prepayments and accrued income |
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Other debtors |
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9.
Creditors:
amounts falling due within one year
2023 |
2022 |
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£ |
£ |
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Trade creditors |
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– |
Accruals and deferred income |
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Corporation tax |
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Director loan accounts |
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-------- |
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10.
Called up share capital
Issued, called up and fully paid
2023 |
2022 |
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No. |
£ |
No. |
£ |
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39,030 |
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39,030 |
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1 |
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1 |
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1 |
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1 |
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1 |
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1 |
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11.
Related party transactions