IFM FINTECH OPPORTUNITIES NOMINEE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
The Company is a private company, limited by shares and incorporated in England & Wales.
The company remained dormant throughout the year.
The registered office address is: 404 The Frames Phipp Street, London, England, EC2A 4PS.
2.Accounting policies
|
|
Basis of preparation of financial statements
|
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The Company only enters into basic financial instruments and transactions that result in the
recognition of financial assets and liabilities like trade and other debtors and creditors, loans from
banks and other third parties, loans to and from related parties and investments in non-puttable
ordinary shares.
(i) Financial assets
Basic financial assets, including trade and other debtors are initially recognised at transaction price,
unless the arrangement constitutes a financing transaction, where the transaction is measured at the
present value of the future receipts discounted at a market rate of interest.
(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at
transaction price, unless the arrangement constitutes a financing transaction, where the debt
instrument is measured at the present value of the future receipts discounted at a market rate of
interest.
|
|
|
|
|
Called up share capital not paid
|
|
|
|
|
|
|
|
|
|
|
|