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Financial Statements |
Contents |
Page |
Director's report |
1 |
Income statement |
2 |
Statement of financial position |
3 |
Statement of changes in equity |
5 |
Notes to the financial statements |
6 |
|
Director's Report |
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|
Director |
Company Secretary |
|
Income Statement |
2021 |
2020 |
|
Note |
$ |
$ |
Turnover |
|
|
-------- |
--------- |
|
Gross profit |
|
|
Administrative expenses |
(
|
(
|
Other operating income |
|
– |
-------- |
--------- |
|
Operating (loss)/profit |
(
|
|
Other interest receivable and similar income |
|
– |
|
-------- |
--------- |
||
(Loss)/profit before taxation |
4 |
(
|
|
Tax on (loss)/profit |
– |
– |
-------- |
------- |
|
(Loss)/profit for the financial year |
(
|
|
-------- |
------- |
|
|
Statement of Financial Position |
2021 |
2020 |
||
Note |
$ |
$ |
$ |
Tangible assets |
5 |
|
|
|
Debtors |
6 |
|
|
|
Cash at bank and in hand |
|
|
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--------- |
--------- |
|||
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|
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Creditors: amounts falling due within one year |
7 |
|
|
|
------------ |
------------ |
|||
Net current liabilities |
|
|
||
--------- |
--------- |
|||
Total assets less current liabilities |
(
|
(
|
||
Creditors: amounts falling due after more than one year |
8 |
|
– |
|
-------- |
---- |
|||
Net liabilities |
(
|
(
|
||
-------- |
---- |
|||
Called up share capital |
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Other reserves |
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Profit and loss account |
(
|
(
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-------- |
-------- |
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Shareholders deficit |
(
|
(
|
|
-------- |
-------- |
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Statement of Financial Position (continued) |
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|
Director |
|
|
Statement of Changes in Equity |
Called up share capital |
Other reserves |
Profit and loss account |
Total |
||
$ |
$ |
$ |
$ |
||
At 1 January 2020 |
|
(
|
(
|
(
|
|
Profit for the year |
|
|
|||
Other comprehensive income for the year: |
|||||
Foreign currency retranslation |
– |
|
– |
|
|
------- |
-------- |
-------- |
-------- |
||
Total comprehensive income for the year |
– |
|
|
|
|
At 31 December 2020 |
|
|
(
|
(
|
|
Loss for the year |
(
|
(
|
|||
Other comprehensive income for the year: |
|||||
Foreign currency retranslation |
– |
(
|
– |
(
|
|
------- |
-------- |
-------- |
-------- |
||
Total comprehensive income for the year |
– |
(
|
(
|
(
|
|
------- |
-------- |
-------- |
-------- |
||
At 31 December 2021 |
|
|
(
|
(
|
|
------- |
-------- |
-------- |
-------- |
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Notes to the Financial Statements |
Freehold property |
- |
|
|
Fixture and Fittings |
- |
|
|
2021 |
2020 |
|
$ |
$ |
|
Depreciation of tangible assets |
|
– |
-------- |
---- |
|
Land and buildings |
Fixtures and fittings |
Total |
|
$ |
$ |
$ |
|
Cost |
|||
At 1 January 2021 |
|
– |
|
Additions |
|
|
|
Disposals |
(
|
– |
(
|
--------- |
-------- |
--------- |
|
At 31 December 2021 |
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|
|
--------- |
-------- |
--------- |
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Depreciation |
|||
At 1 January 2021 |
– |
– |
– |
Charge for the year |
|
|
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--------- |
-------- |
--------- |
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At 31 December 2021 |
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--------- |
-------- |
--------- |
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Carrying amount |
|||
At 31 December 2021 |
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|
--------- |
-------- |
--------- |
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At 31 December 2020 |
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– |
|
--------- |
-------- |
--------- |
|
2021 |
2020 |
|
$ |
$ |
|
Trade debtors |
|
|
Other debtors |
|
|
-------- |
-------- |
|
|
|
|
-------- |
-------- |
|
2021 |
2020 |
|
$ |
$ |
|
Trade creditors |
|
– |
Social security and other taxes |
|
|
Shareholders account - credit balance |
1,107,790 |
1,107,790
|
Other creditors |
|
|
------------ |
------------ |
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|
|
|
------------ |
------------ |
|
2021 |
2020 |
|
$ |
$ |
|
Payments received on account |
|
– |
---- |
---- |
|
2021 |
2020 |
|
$ |
$ |
|
At start of year |
12,401 |
(8,199) |
Foreign currency retranslation |
(7,852) |
20,600 |
-------- |
-------- |
|
At end of year |
4,549 |
12,401 |
-------- |
-------- |
|