Registered number: 04226899 | ||||||||
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FOR THE YEAR ENDED 31/12/2019 | ||||||||
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Blackfish Capital Limited | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/12/2019 | ||||||||
DIRECTORS | ||||||||
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SECRETARY | ||||||||
Y Kelsey | ||||||||
REGISTERED OFFICE | ||||||||
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COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 04226899 | ||||||||
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Blackfish Capital Limited | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/12/2019 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
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Blackfish Capital Limited | ||||||||
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BALANCE SHEET AT
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2019 | 2018 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 |
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Investment Assets | 3 |
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CURRENT ASSETS | ||||||||||
Debtors | 4 |
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Cash at bank and in hand |
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167,241 | 170,888 | |||||||||
CREDITORS: Amounts falling due within one year | 5 |
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NET CURRENT ASSETS / (LIABILITIES) |
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(246,365) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES |
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CAPITAL AND RESERVES | ||||||||||
Called up share capital | 7 |
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Profit and loss account | (3,314,193) | (4,660,360) | ||||||||
SHAREHOLDERS' FUNDS |
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Suspense | (1) | (1) | ||||||||
Difference on accounts | (1) | (1) | ||||||||
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Approved by the board on
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............................. | ||||||||||
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Director | ||||||||||
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Blackfish Capital Limited | ||||||||
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NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/12/2019 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
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Fixtures And Fittings | reducing balance 20 % | |||||||
Equipment | reducing balance 33.33 % | |||||||
Motor Cars | reducing balance 25 % |
1c. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1d. Foreign Currency | ||||||||
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate on the date of the transaction. Exchange gains and losses are recognised in the Profit and Loss Account. |
1e. Investments | ||||||||
Fixed asset investments are shown at cost less amounts written off. | ||||||||
Provisions are made for permanent fluctuations in value. |
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Blackfish Capital Limited | ||||||||
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2. TANGIBLE FIXED ASSETS | ||||||||
Fixtures | ||||||||
and Fittings | Equipment | Motor Cars | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 01/01/2019 | 258,383 | 43,972 | 85,142 | 387,497 | ||||
Additions | 1,417 | 507 | - | 1,924 | ||||
At 31/12/2019 | 259,800 | 44,479 | 85,142 | 389,421 | ||||
Depreciation | ||||||||
At 01/01/2019 | 179,839 | 43,972 | 85,142 | 308,953 | ||||
For the year | 18,468 | 42 | - | 18,510 | ||||
At 31/12/2019 | 198,307 | 44,014 | 85,142 | 327,463 | ||||
Net Book Amounts | ||||||||
At 31/12/2019 |
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61,958 | ||||
At 31/12/2018 |
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78,544 | ||||
3. FINANCIAL ASSETS | |||||||||
Other | |||||||||
Investments | Total | ||||||||
£ | £ | ||||||||
Cost | |||||||||
Additions | 940,854 | 940,854 | |||||||
Revaluation | 9,521 | 9,521 | |||||||
At 31/12/2019 | 950,375 | 950,375 | |||||||
Amortisation | |||||||||
Net Book Amounts | |||||||||
At 31/12/2019 | 950,375 | 950,375 | |||||||
The Company invested $1.25m convertible loan notes in R8 Limited effective 20 February 2019. The notes earn 5% interest per annum, with the interest due on each anniversary. The loan notes are still held at 31.12.2019. | |||||||||
4. DEBTORS | 2019 | 2018 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
VAT | 4,830 | 11,588 | ||||||
Other debtors | 910 | 6,320 | ||||||
Prepayments & Deposits | 114,869 | 113,189 | ||||||
Accrued income | 38,171 | - | ||||||
158,780 | 131,097 | |||||||
The prepayments and deposit balance include a security deposit of £79.4k on 2 Duke Street, London, SW1Y 6BN | ||||||||
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Blackfish Capital Limited | ||||||||
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5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2019 | 2018 | |||||||
£ | £ | |||||||
Trade creditors | 1,228 | 20,399 | ||||||
Other creditors | - | 100,000 | ||||||
Amounts due to group companies | - | 296,854 | ||||||
1,228 | 417,253 | |||||||
6. EMPLOYEES | ||||||
2019 | 2018 | |||||
No. | No. | |||||
Average number of employees | 4 | 3 | ||||
7. SHARE CAPITAL | 2019 | 2018 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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4,492,539 | 4,492,539 | ||||||
4,492,539 | 4,492,539 | |||||||
8. CONTROLLING PARTY | ||||||||
As at 31 December 2019 the Company is a subsidiary of Carbrooke Limited, which is incorporated in England and Wales. Copies of that company's financial statements are available from its registered office at 2 Duke Street, London, SW1Y 6BN. | ||||||||