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Company Registration No. 09070673 (England and Wales)
Coinflip Ventures Limited Unaudited accounts for the year ended 30 November 2021
Coinflip Ventures Limited Unaudited accounts Contents
Page
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Coinflip Ventures Limited Company Information for the year ended 30 November 2021
Director
M Davey
Secretary
M Davey
Company Number
09070673 (England and Wales)
Registered Office
UNIT 9 JUBILEE WAY FAVERSHAM KENT ME13 8GD UNITED KINGDOM
Accountants
Meredith GB Consultants Ltd 49 Westerham Road Bessels Green Sevenoaks Kent TN13 2QB
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Coinflip Ventures Limited Statement of financial position as at 30 November 2021
2021 
2020 
Notes
£ 
£ 
Current assets
Debtors
1,156 
- 
Cash at bank and in hand
161 
4,504 
1,317 
4,504 
Creditors: amounts falling due within one year
(1,130)
(903)
Net current assets
187 
3,601 
Total assets less current liabilities
187 
3,601 
Creditors: amounts falling due after more than one year
(2,800)
(3,667)
Net liabilities
(2,613)
(66)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(2,614)
(67)
Shareholders' funds
(2,613)
(66)
For the year ending 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 August 2022 and were signed on its behalf by
M Davey Director Company Registration No. 09070673
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Coinflip Ventures Limited Notes to the Accounts for the year ended 30 November 2021
1
Statutory information
Coinflip Ventures Limited is a private company, limited by shares, registered in England and Wales, registration number 09070673. The registered office is UNIT 9, JUBILEE WAY, FAVERSHAM, KENT, ME13 8GD, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Going concern
The director has confirmed that he will continue to give financial support to the company until such time as its position improves. In addition the director has confirmed that he will not recall his loan within 12 months. The director considers that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result if any financial support were withdrawn.
4
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Debtors: amounts falling due after more than one year
Other debtors
1,156 
- 
5
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Bank loans and overdrafts
800 
333 
Loans from directors
- 
270 
Accruals
330 
300 
1,130 
903 
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Coinflip Ventures Limited Notes to the Accounts for the year ended 30 November 2021
6
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
2,800 
3,667 
Aggregate of amounts that fall due for payment after five years
- 
1,000 
The Company took advantage of the Governments' Bounce Back Loan Scheme through Lloyds Bank. The full loan of £4,000 is over 72 months commencing May 2020 and accrues interest at 2.5%. The first year's interest is covered by the Government Business Interruption Payment scheme. Repayments commenced in June 2021.
7
Share capital
2021 
2020 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 1 (2020: 1).
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