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Registered number: 03523204









INTELLIGENT INVESTMENT SERVICES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2021

 
INTELLIGENT INVESTMENT SERVICES LIMITED
REGISTERED NUMBER: 03523204

BALANCE SHEET
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 3 
174,839
789,369

Cash at bank and in hand
 4 
28,944
12,416

  
203,783
801,785

Creditors: amounts falling due within one year
 5 
(1,387,835)
(1,719,167)

Net current liabilities
  
 
 
(1,184,052)
 
 
(917,382)

Total assets less current liabilities
  
(1,184,052)
(917,382)

  

Net liabilities
  
(1,184,052)
(917,382)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(1,184,152)
(917,482)

  
(1,184,052)
(917,382)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
INTELLIGENT INVESTMENT SERVICES LIMITED
REGISTERED NUMBER: 03523204
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2021

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
S C Payne
Director
Date: 19 July 2022

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
INTELLIGENT INVESTMENT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

Intelligent Investment Services Limited Limited is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is 91/92 High Street, Thame, Oxfordshire, OX9 3EH.
The Company's principal activity is that of provision of investment services.
The financial statements are presented in sterling which is the functional currency of the Company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

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.

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

Page 3

 
INTELLIGENT INVESTMENT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company only enters into basic financial instrument 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 related parties and investments in ordinary shares.

Page 4

 
INTELLIGENT INVESTMENT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

3.


Debtors

2021
2020
£
£


Trade debtors
174
-

Amounts owed by group undertakings
108,817
-

Other debtors
40,156
14,369

Prepayments and accrued income
25,692
775,000

174,839
789,369



4.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
28,944
12,416



5.


Creditors: Amounts falling due within one year

2021
2020
£
£

Trade creditors
28,996
842

Amounts owed to group undertakings
1,018,107
1,138,434

Other taxation and social security
62,308
36,751

Other creditors
17,312
11,695

Accruals and deferred income
261,112
531,445

1,387,835
1,719,167



6.


Pension commitments

The Company operates a defined contributions pension scheme. The fund is administered independently of the Company. Contributions made during the year amount to £87,529 (2020 - £18,923). Contributions totalling £17,312 (2020 - £11,695) were payable to the fund at the balance sheet date and are included in creditors.

Page 5

 
INTELLIGENT INVESTMENT SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

7.


Controlling party

The Company's immediate and ultimate parent undertaking is Wills & Trusts Wealth Management Limited. Wills & Trusts Wealth Management Limited is the parent of the smallest group for which consolidated financial statements are drawn up. Their registered office is 91-92 High Street, Thame, Oxon, OX9 3EH.

 
Page 6