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Abbreviated Unaudited Accounts |
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for the Year Ended 30 September 2016 |
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for |
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Intro Capital Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 30 September 2016 |
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for |
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Intro Capital Limited |
Intro Capital Limited (Registered number: 05440987) |
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Contents of the Abbreviated Accounts |
for the Year Ended 30 September 2016 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
Intro Capital Limited |
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Company Information |
for the Year Ended 30 September 2016 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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Intro Capital Limited (Registered number: 05440987) |
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Abbreviated Balance Sheet |
30 September 2016 |
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30.9.16 | 30.9.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 2 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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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 | 3 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006
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(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. |
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The financial statements were approved by the Board of Directors on
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Intro Capital Limited (Registered number: 05440987) |
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Notes to the Abbreviated Accounts |
for the Year Ended 30 September 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the Financial |
Reporting Standard for Smaller Entities (effective April 2008). |
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No material uncertainties that may cost significant doubt about the ability of the company to continue as a going concern |
have been identified by the directors. |
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Turnover |
Turnover represent the total invoice value, excluding value added tax, of sales made during the year and derives from the |
provision of goods falling within the company's ordinary activities. |
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Deferred tax |
Deferred tax is recognised in respect of the timing differences that have originated but not reversed at the balance sheet |
date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the |
future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits |
and its results are stated in the financial statements. |
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Deferred tax is measured at the average tax rates that are expected to apply in the periods in which timing differences are |
expected to reverse, based on tax rates and laws that have been enacted or substantially enacted by the balance sheet. |
Deferred tax is measured on a non-discounted basis. |
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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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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on the straight-line basis over the period of |
the lease. |
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2. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1 October 2015 | 107,381 |
Disposals | (6,712 | ) |
At 30 September 2016 | 100,669 |
NET BOOK VALUE |
At 30 September 2016 |
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At 30 September 2015 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.9.16 | 30.9.15 |
value: | £ | £ |
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Ordinary A | £1 |
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Intro Capital Limited (Registered number: 05440987) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 30 September 2016 |
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4. | RELATED PARTY DISCLOSURES |
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At the year end £ 53,867 (2015: £53,492) was included in other debtors that is due from FIEL Limited, a company of which |
M Baker, the director, is also a director. No interest is charged on the balance and it is repayable on demand. |
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During the year, the company was loaned £1,121,789 (2015: £521,001) from Falcon International Financial Services Limited, |
a subsidiary of Invexus Financial Group Limited. The amounts of £325,250 and £195,751 in 2015 were originally loaned by |
Cadnam Management Limited and College Wood Farm Phase 1 Limited, respectively, in anticipation of the loan from Falcon |
International Financial Services Limited which commenced on 10 November 2015. No interest is charged on the balance and |
it is repayable by means of offset when Intro Capital Limited settles liabilities incurred on behalf of Falcon International |
Financial Services Limited. |
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During the year, funds totalling £14,931 (2015: £195,751) were loaned to the company by College Wood Farm Phase 1 |
Limited, a company of which M Baker, the director, is also a director. No interest is charged on the balance and it is |
repayable on demand. |
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During the year, the company loaned £1,504,892 (2015: £782,900) to Falcon International Estates Limited, a subsidiary of |
Invexus Financial Group Limited. No interest is charged on the balance and it is repayable on demand. |
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During the year, the company loaned £2,460 to Invexus Financial Group Limited, the parent company of Intro Capital |
Limited. No interest is charged on the balance and it is repayable on demand. |