REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Period 1 February 2019 to 28 February 2020 |
|
for |
|
Coin Mining Central Ltd |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Period 1 February 2019 to 28 February 2020 |
|
for |
|
Coin Mining Central Ltd |
Coin Mining Central Ltd (Registered number: 11800885) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Period 1 February 2019 to 28 February 2020 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 3 |
|
Chartered Certified Accountants' Report | 6 |
Coin Mining Central Ltd |
|
Company Information |
for the Period 1 February 2019 to 28 February 2020 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Brighton, Tower Point |
Tower Point 44 |
North Road |
Brighton |
BN1 1YR |
Coin Mining Central Ltd (Registered number: 11800885) |
|
Balance Sheet |
28 February 2020 |
|
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
CURRENT ASSETS |
Debtors | 5 |
|
Cash at bank |
|
|
CREDITORS |
Amounts falling due within one year | 6 |
|
NET CURRENT ASSETS |
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
CAPITAL AND RESERVES |
Called up share capital | 7 |
|
Retained earnings | 8 |
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the director and authorised for issue on
|
|
|
|
|
|
|
|
Coin Mining Central Ltd (Registered number: 11800885) |
|
Notes to the Financial Statements |
for the Period 1 February 2019 to 28 February 2020 |
|
1. | STATUTORY INFORMATION |
|
Coin Mining Central Ltd is a
|
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
The financial statements have been compiled on a basis which enables profits to be calculated in accordance with generally accepted accounting practice and which provides sufficient and relevant information to enable the completion of a tax return. |
|
The income statement and director's report have not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small regime. |
|
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
|
Tangible fixed assets |
|
Plant and machinery etc | - |
|
|
Taxation |
Taxation for the period 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. |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
|
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 period end and that are expected to apply to the reversal of the timing difference. |
|
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. |
|
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 using average rates of exchange, including Cryptocurrencies which the company uses as a medium of exchange when buying and selling goods. |
|
Exchange differences are taken into account in arriving at the operating result. Other financial instruments are measured at fair value as at the balance sheet date with changes in their fair value recognised in the operating result. |
Coin Mining Central Ltd (Registered number: 11800885) |
|
Notes to the Financial Statements - continued |
for the Period 1 February 2019 to 28 February 2020 |
|
2. | ACCOUNTING POLICIES - continued |
|
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. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the period was
|
|
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
Additions |
|
At 28 February 2020 |
|
DEPRECIATION |
Charge for period |
|
At 28 February 2020 |
|
NET BOOK VALUE |
At 28 February 2020 |
|
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Directors' current accounts |
|
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Taxation and social security |
|
Other creditors |
|
|
|
7. | CALLED UP SHARE CAPITAL |
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
|
Ordinary | £1 | 100 |
|
100 Ordinary shares of £1 each were allotted and fully paid for
|
Coin Mining Central Ltd (Registered number: 11800885) |
|
Notes to the Financial Statements - continued |
for the Period 1 February 2019 to 28 February 2020 |
|
8. | RESERVES |
Retained |
earnings |
£ |
|
Profit for the period |
|
At 28 February 2020 |
|
|
9. | RELATED PARTY DISCLOSURES |
|
Included in other debtors is a receivable balance of £6,921 from Gavin Finder, the director of the company. |
|
10. | POST BALANCE SHEET EVENTS |
|
The company to asses the impact of the COVID-19 virus pandemic on the business including its prospects in respect of revenues, its supply chain and its operations and funding generally. The directors remain confident of the company's prospect and considers that the business has sufficient reserves and support from its creditors to meet its liabilities during this period. |
|
11. | CRYPTOCURRENCY |
|
Cash at bank includes £97,316 of cryptocurrency, which the company uses as a medium of exchange when buying and selling goods. |
Chartered Certified Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Coin Mining Central Ltd |
|
The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
|
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Coin Mining Central Ltd for the period ended 28 February 2020 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us. |
|
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
|
This report is made solely to the director of Coin Mining Central Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Coin Mining Central Ltd and state those matters that we have agreed to state to the director of Coin Mining Central Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
|
It is your duty to ensure that Coin Mining Central Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Coin Mining Central Ltd. You consider that Coin Mining Central Ltd is exempt from the statutory audit requirement for the period. |
|
We have not been instructed to carry out an audit or a review of the financial statements of Coin Mining Central Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
|
|
|
|
|
|
|
Brighton, Tower Point |
Tower Point 44 |
North Road |
Brighton |
BN1 1YR |
|
|
Date: ............................................. |