REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2023 |
FOR |
INTERNATIONAL PROJECT PARTNER LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2023 |
FOR |
INTERNATIONAL PROJECT PARTNER LIMITED |
INTERNATIONAL PROJECT PARTNER LIMITED (REGISTERED NUMBER: 11800561) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
INTERNATIONAL PROJECT PARTNER LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JANUARY 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Atlas Chambers |
33 West Street |
Brighton |
East Sussex |
BN1 2RE |
INTERNATIONAL PROJECT PARTNER LIMITED (REGISTERED NUMBER: 11800561) |
BALANCE SHEET |
31 JANUARY 2023 |
2023 | 2022 |
as restated |
Notes | € | € |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
The director acknowledges her 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. |
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 |
INTERNATIONAL PROJECT PARTNER LIMITED (REGISTERED NUMBER: 11800561) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2023 |
1. | STATUTORY INFORMATION |
International Project Partner Limited is a |
The presentation currency of the financial statements is the Euro (€). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Computer equipment - 20% on cost |
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. |
Investments in subsidiaries |
Investments in subsidiaries are initially measured at cost and subsequently measured at cost less any |
accumulated impairment losses. |
Financial instruments |
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at |
transaction price. Any losses arising from impairment are recognised in the profit and loss account in other |
administrative expenses. |
Going concern |
Based on the director's review of the company's expected performance and projected cash flows, the director has concluded that these financial statements should be prepared on a going concern basis. |
Investments |
Investments held as fixed assets are recognised initially at transaction price and subsequently measured at fair value at each reporting date with changes in fair value recognised in the income and expenditure account. |
3. | EMPLOYEES |
The average number of employees during the year was NIL (2022 - NIL). |
INTERNATIONAL PROJECT PARTNER LIMITED (REGISTERED NUMBER: 11800561) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2023 |
4. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
€ |
COST |
At 1 February 2022 |
and 31 January 2023 |
DEPRECIATION |
At 1 February 2022 |
Charge for year |
At 31 January 2023 |
NET BOOK VALUE |
At 31 January 2023 |
At 31 January 2022 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group | Other |
undertakings | investments | Totals |
€ | € | € |
COST OR VALUATION |
At 1 February 2022 | 707,779 |
Disposals | ( |
) | (101,834 | ) |
Revaluations | 811 |
At 31 January 2023 | 606,756 |
NET BOOK VALUE |
At 31 January 2023 | 606,756 |
At 31 January 2022 | 707,779 |
Cost or valuation at 31 January 2023 is represented by: |
Shares in |
group | Other |
undertakings | investments | Totals |
€ | € | € |
Valuation in 2023 | - | 811 | 811 |
Cost | 606,749 | (804 | ) | 605,945 |
606,749 | 7 | 606,756 |
The other investments are measured at fair value at the balance sheet date based on their quoted market price. |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
as restated |
€ | € |
Amounts owed by group undertakings |
INTERNATIONAL PROJECT PARTNER LIMITED (REGISTERED NUMBER: 11800561) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2023 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
as restated |
€ | € |
Trade creditors |
Social security and other taxes |
Other creditors |
Directors' current accounts | 1,328 | 974 |
Accruals and deferred income |