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REGISTERED NUMBER: 10440723 (England and Wales)












Connexi Partnerships Limited

Unaudited Financial Statements

for the Period 1 November 2020 to 31 December 2021






Connexi Partnerships Limited (Registered number: 10440723)






Contents of the Financial Statements
for the Period 1 November 2020 to 31 December 2021




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Connexi Partnerships Limited

Company Information
for the Period 1 November 2020 to 31 December 2021







DIRECTOR: R N J Stewart-Richardson





REGISTERED OFFICE: 48 Arwenack Street
Falmouth
Cornwall
TR11 3JH





REGISTERED NUMBER: 10440723 (England and Wales)





ACCOUNTANTS: Hodgsons
Chartered Accountants
48 Arwenack Street
Falmouth
Cornwall
TR11 3JH

Connexi Partnerships Limited (Registered number: 10440723)

Statement of Financial Position
31 December 2021

2021 2020
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 31,007 72,870

CURRENT ASSETS
Debtors 5 3,163 104,666
Cash at bank 17,766 630
20,929 105,296
CREDITORS
Amounts falling due within one year 6 53,160 84,654
NET CURRENT (LIABILITIES)/ASSETS (32,231 ) 20,642
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,224

)

93,512

PROVISIONS FOR LIABILITIES 5,891 13,845
NET (LIABILITIES)/ASSETS (7,115 ) 79,667

CAPITAL AND RESERVES
Called up share capital 7 347 294
Share premium 710,836 550,463
Retained earnings (718,298 ) (471,090 )
SHAREHOLDERS' FUNDS (7,115 ) 79,667

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Connexi Partnerships Limited (Registered number: 10440723)

Statement of Financial Position - continued
31 December 2021


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 September 2022 and were signed by:





R N J Stewart-Richardson - Director


Connexi Partnerships Limited (Registered number: 10440723)

Notes to the Financial Statements
for the Period 1 November 2020 to 31 December 2021

1. STATUTORY INFORMATION

Connexi Partnerships Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website development costs are being amortised evenly over their estimated useful life of four years.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The company has net liabilities, and is reliant upon the continued support of its director. The director believes the going concern basis of preparing the financial statements to be appropriate.

Connexi Partnerships Limited (Registered number: 10440723)

Notes to the Financial Statements - continued
for the Period 1 November 2020 to 31 December 2021

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2020 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Website
developme
costs
£   
COST
At 1 November 2020 166,045
Additions 1,100
At 31 December 2021 167,145
AMORTISATION
At 1 November 2020 93,175
Amortisation for period 42,963
At 31 December 2021 136,138
NET BOOK VALUE
At 31 December 2021 31,007
At 31 October 2020 72,870

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
as restated
£    £   
Trade debtors 900 -
Other debtors 2,263 104,666
3,163 104,666

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
as restated
£    £   
Trade creditors 1,195 1,560
Taxation and social security 7,436 1,656
Other creditors 44,529 81,438
53,160 84,654

At 31st December 2021 the company owed £39,603 ( October 2020: £78,645) to the director and shareholder, R Stewart-Richardson. This amount is included within other creditors and is repayable only when the company has sufficient funds.

Connexi Partnerships Limited (Registered number: 10440723)

Notes to the Financial Statements - continued
for the Period 1 November 2020 to 31 December 2021

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: as
restated
£    £   
29,377 Ordinary 1p 347 294