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Audited Financial Statements for the Year Ended 31 March 2021 |
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Irinvestship Limited |
REGISTERED NUMBER:
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Audited Financial Statements for the Year Ended 31 March 2021 |
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for |
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Irinvestship Limited |
Irinvestship Limited (Registered number: 04110179) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2021 |
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Page |
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Balance Sheet | 1 |
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Notes to the Financial Statements | 2 |
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Irinvestship Limited (Registered number: 04110179) |
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Balance Sheet |
31 March 2021 |
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2021 | 2020 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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Irinvestship Limited (Registered number: 04110179) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2021 |
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1. | STATUTORY INFORMATION |
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Irinvestship Limited is a
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Registered number: | 04110179 |
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Registered office: | 4 Dancastle Court |
14 Arcadia Avenue |
London |
N3 2JU |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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Irinvestship Limited (Registered number: 04110179) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2021 |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Amounts owed by group undertakings |
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Other debtors |
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VAT |
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Deferred tax asset |
Accelerated capital allowances |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Trade creditors |
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Social security and other taxes |
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Other creditors |
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6. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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7. | RELATED PARTY DISCLOSURES |
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Balances with Group Undertakings |
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At 31 March 2021 there was an amount of £424,700 (2020- £3,123,349) due from group undertakings. |
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8. | ULTIMATE CONTROLLING PARTY |
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The parent company, Islamic Republic of Iran Shipping Lines, is owned by a number of shareholders none of whom control it. |