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REGISTERED NUMBER: 08792194 (England and Wales)















Financial Statements

for the Year Ended 31 December 2021

for

CMC Capital Limited

CMC Capital Limited (Registered number: 08792194)

Contents of the Financial Statements
for the Year Ended 31 December 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CMC Capital Limited

Company Information
for the Year Ended 31 December 2021







Directors: C M Calabria
Ms D Del Favero





Secretary: Ms O Dellapina Fenman





Registered office: 48, Dover Street
London
W1S 4FF





Registered number: 08792194 (England and Wales)





Auditors: Benjamin Taylor Diner Limited, Statutory Auditor
120 New Cavendish Street,
London
W1W 6XX

CMC Capital Limited (Registered number: 08792194)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £   
Current assets
Debtors 4 61,037 32,629
Cash at bank 612,964 1,065,388
674,001 1,098,017
Creditors
Amounts falling due within one year 5 (149,819 ) (63,368 )
Net current assets 524,182 1,034,649
Total assets less current liabilities 524,182 1,034,649

Capital and reserves
Called up share capital 6 175,000 175,000
Retained earnings 7 349,182 859,649
524,182 1,034,649

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 Board of Directors and authorised for issue on 18 May 2022 and were signed on its behalf by:




C M Calabria - Director



Ms D Del Favero - Director


CMC Capital Limited (Registered number: 08792194)

Notes to the Financial Statements
for the Year Ended 31 December 2021


1. Statutory information

The Company is a private company limited by shares, incorporated in England and Wales. Its registered office is 48, Dover Street, London, W1S 4FF.

The company's principal business activity is the provision of financial advisory services.

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.

The functional currency of the Company is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Significant judgements and estimates
In the application of the entities accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The financial statements do not included any significant judgements or estimates.

Taxation
Taxation for the year 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

3. Employees, interns and directors

The average number of employees during the year was 6 (2020 - 3 ) .

CMC Capital Limited (Registered number: 08792194)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021


4. Debtors: amounts falling due within one year
31.12.21 31.12.20
£    £   
Other debtors 61,037 32,629

5. Creditors: amounts falling due within one year
31.12.21 31.12.20
£    £   
Trade creditors 5,910 87
Other creditors 143,909 63,281
149,819 63,368

Amounts owed to the Directors and Related Parties are unsecured, repayable on demand and interest free.

6. Called up share capital

2019 2019 2018 2018
No. £ No. £
Ordinary "A" shares of £0.002 each 35,000,000 70,000 35,000,000 70,000
Ordinary "B" shares of £0.002 each 52,500,000 105,000 52,500,000 105,000
87,500,000 175,000 87,500,000 175,000

The Ordinary "A" shares and the Ordinary "B" shares rank pari passu in all respects to rights to dividends and the distribution of capital. Each Ordinary "A" share and each Ordinary "B" share shall carry the right to receive notice of and attend and vote at any general meeting of the company or to vote on any resolution which may be proposed as a written resolution. Each Ordinary "A" share shall carry the right to one vote at any general meeting of the company or when voting on any resolution which may be proposed as a written resolution. Each Ordinary "B" share shall carry the right to five votes at any general meeting of the company or when voting on any resolution which may be proposed as a written resolution.

7. Reserves
Retained
earnings
£   

At 1 January 2021 859,649
Deficit for the year (510,467 )
At 31 December 2021 349,182

The retained earnings reserve records retained earnings and accumulated losses.

CMC Capital Limited (Registered number: 08792194)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021


8. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Jeffrey Diner FCA (Senior Statutory Auditor)
for and on behalf of Benjamin Taylor Diner Limited, Statutory Auditor

9. Directors' advances, credits and guarantees

During the year the directors had the following loan accounts with the company.

C.M. Calabria

31.12.2131.12.20
££

Balance brought forward(25,093)(193,795)
Monies repaid to C.M. Calabria40,022168,702
Balance carried forward14,929(25,093)

Ms D. Del Favero

31.12.2131.12.20
££

Balance brought forward(270)(6,558)
Monies repaid to Ms D. Del Favero-6,288
Balance carried forward(270)(270)

The above loans are unsecured, interest fee and repayable on demand.

CMC Capital Limited (Registered number: 08792194)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021


10. Related party disclosures

CMC Holdings Sarl

During the year the company had the following transactions with CMC Holdings Sarl, Luxembourg, a company which is controlled by C.M. Calabria.

31.12.21 31.12.20
£ £

Balance brought forward (29,045 ) (40,449 )
Monies paid to CMC Holdings Sarl 14,375 11,404
Balance carried forward (14,669 ) (29,045 )

Phoenix Advisory Partners Limited

During the year the company had the following transactions with Phoenix Advisory Partners Limited, a company which is controlled by Ms. D. Del Favero.

31.12.21 31.12.20
£ £

Balance brought forward - 12,574
Monies advanced to Phoenix Advisory Partners Limited 10,000 4,000
Monies repaid by Phoenix Advisory Partners Limited (7,903 ) -
Provision for irrecoverable loans (2,907 ) (16,574 )
Balance carried forward - -

The above loans are interest free and repayable on demand.

11. Ultimate controlling party

The company was under the control of C.M. Calabria throughout the year, by virtue of his majority shareholding.