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REGISTERED NUMBER: 06415028 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2022

FOR

STANDARD CAPITAL LIMITED

STANDARD CAPITAL LIMITED (REGISTERED NUMBER: 06415028)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


STANDARD CAPITAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2022







DIRECTOR: P Aslett





REGISTERED OFFICE: Crowe UK LLP
3rd Floor The Lexicon
Mount Street
Manchester
M2 5NT





REGISTERED NUMBER: 06415028 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
The Lexicon
10-12 Mount Street
Manchester
M2 5NT

STANDARD CAPITAL LIMITED (REGISTERED NUMBER: 06415028)

BALANCE SHEET
30 NOVEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 221 2,925

CREDITORS
Amounts falling due within one year 5 10,834 8,247
NET CURRENT LIABILITIES (10,834 ) (8,247 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,613

)

(5,322

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (10,614 ) (5,323 )
(10,613 ) (5,322 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 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.

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 4 October 2023 and were signed by:





P Aslett - Director


STANDARD CAPITAL LIMITED (REGISTERED NUMBER: 06415028)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022


1. STATUTORY INFORMATION

Standard Capital 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.

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 as modified by the revaluation of certain assets.

Judgments and key sources of estimation uncertainty
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associate assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

During the year the director continued to hold their investment in the NFT transferred into the business on 15 September 2021. The judgements and key estimates in relation to this is that it is treated as an intangible asset being amortised over its useful life.

Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separate from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful life on the following bases:

NFTS Straight line over 10 years

STANDARD CAPITAL LIMITED (REGISTERED NUMBER: 06415028)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2022


2. ACCOUNTING POLICIES - continued

Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

Going concern
The company is reliant on the continued financial support from the director, who has provided confirmation of such financial support for the foreseeable future. On this basis these financial statements have been prepared on the going concern basis. The director has reasonable expectation that the company will continue in operational existence for the foreseeable future.

3. EMPLOYEES

The average number of employees during the year was 1 (2021 - 1 ) .

STANDARD CAPITAL LIMITED (REGISTERED NUMBER: 06415028)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2022


4. INTANGIBLE FIXED ASSETS
Genesis
NFT
£   
COST OR VALUATION
At 1 December 2021 3,000
Revaluations (2,404 )
At 30 November 2022 596
AMORTISATION
At 1 December 2021 75
Amortisation for year 300
At 30 November 2022 375
NET BOOK VALUE
At 30 November 2022 221
At 30 November 2021 2,925

The NFTs were revalued at 30 November 2022 based on market value.


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 26 26
Trade creditors 600 -
Directors' current accounts 7,808 7,375
Accruals and deferred income 2,400 846
10,834 8,247

6. DIRECTORS' TRANSACTIONS

At the balance sheet date, the company owed the director £7,808 (2021 - £7,375). This amount is interest free and repayable on demand.