Legal Intelligence Group Ltd
Registered number: 04092367
Statement of Financial Position
as at 31 October 2021
Notes 2021 2020
US$ US$
Fixed assets
Intangible assets 3 98,150 110,634
Financial assets 2,463,969 2,463,969
2,562,119 2,574,603
Current assets
Debtors 5 93,122 93,122
Cash at bank and in hand 35,115 33,216
128,237 126,338
Creditors: amounts falling due within one year 6 (22,283,178) (20,086,325)
Net current liabilities (22,154,941) (19,959,987)
Net liabilities (19,592,822) (17,385,384)
Capital and reserves
Called up share capital 1,558 1,558
Profit and loss account (19,594,380) (17,386,942)
Shareholder's funds (19,592,822) (17,385,384)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R L Cooper
Director
Approved by the board on 19 August 2022
Legal Intelligence Group Ltd
Notes to the Accounts
for the year ended 31 October 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Going concern
The company had retained losses as at the balance sheet date which were not covered by the share capital of the company. The company is continuing to trade as the director of the company is funding the company in the form of a director’s loan. The director is planning to continue this financial support for the company for the foreseeable future.
Group accounts
The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financials statements therefore present information about the company as an individual undertaking and not about its group.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses.

Unlisted investments (other than investments in subsidiaries, associates and joint ventures) are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses.

Changes in fair value/Impairment losses are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets US$
Goodwill:
Cost
At 1 November 2020 124,838
At 31 October 2021 124,838
Amortisation
At 1 November 2020 14,204
Provided during the year 12,484
At 31 October 2021 26,688
Net book value
At 31 October 2021 98,150
At 31 October 2020 110,634
The trademark is being written off in equal annual instalments over its estimated economic life of 10 years. The intellectual property is also being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed financial assets
Investments in subsidiary undertakings Unlisted investments Total
US$ US$ US$
Cost
At 1 November 2020 663,963 1,800,006 2,463,969
At 31 October 2021 663,963 1,800,006 2,463,969
Depreciation
At 31 October 2021 - - -
Net book value
At 31 October 2021 663,963 1,800,006 2,463,969
At 31 October 2020 663,963 1,800,006 2,463,969
5 Debtors 2021 2020
US$ US$
Trade debtors 90,781 90,781
Other debtors 2,341 2,341
93,122 93,122
6 Creditors: amounts falling due within one year 2021 2020
US$ US$
Trade creditors 351,691 351,988
Other creditors 21,931,487 19,734,337
22,283,178 20,086,325
7 Controlling party
The controlling party is The Investment Program Foundation, registered office The Russian Federation, Moscow, Daev lane 20 and it does not prepare group accounts.
8 Other information
Legal Intelligence Group Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1st Floor, 8 Bridle Close
Kingston Upon Thames
Surrey
KT1 2JW
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