Company registration number:
06750565
Irongate Capital Limited
Unaudited filleted financial statements
30 November 2023
Irongate Capital Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Irongate Capital Limited
Directors and other information
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Director |
Mr Mark Lauber |
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Company number |
06750565 |
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Registered office |
18 Shakespeare Gardens, |
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East Finchley |
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London |
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N2 9LJ |
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Business address |
18 Shakespeare Gardens |
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East Finchley |
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London |
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N2 9LJ |
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Accountants |
VSP Limited |
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2 Deansway |
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London |
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N2 0JF |
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Irongate Capital Limited
Statement of financial position
30 November 2023
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2023 |
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2022 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Tangible assets |
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5 |
- |
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107 |
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Investments |
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6 |
- |
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34,023 |
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_______ |
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_______ |
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- |
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34,130 |
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Current assets |
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Cash at bank and in hand |
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15,038 |
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32,876 |
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_______ |
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_______ |
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15,038 |
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32,876 |
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Creditors: amounts falling due |
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within one year |
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7 |
(
2,891) |
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(
20,118) |
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_______ |
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_______ |
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Net current assets |
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12,147 |
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12,758 |
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_______ |
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_______ |
Total assets less current liabilities |
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12,147 |
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46,888 |
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_______ |
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Net assets |
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12,147 |
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46,888 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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8 |
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2 |
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2 |
Profit and loss account |
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12,145 |
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46,886 |
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_______ |
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_______ |
Shareholder funds |
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12,147 |
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46,888 |
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_______ |
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_______ |
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For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
05 February 2024
, and are signed on behalf of the board by:
Mr Mark Lauber
Director
Company registration number:
06750565
Irongate Capital Limited
Statement of changes in equity
Year ended 30 November 2023
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Called up share capital |
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Profit and loss account |
Total |
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£ |
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£ |
£ |
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At 1 December 2021 |
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88,741 |
88,743 |
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Profit/(loss) for the year |
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(
41,855) |
(
41,855) |
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_______ |
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_______ |
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Total comprehensive income for the year |
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- |
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(
41,855) |
(
41,855) |
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_______ |
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_______ |
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At 30 November 2022 and 1 December 2022 |
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46,886 |
46,888 |
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Profit/(loss) for the year |
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15,259 |
15,259 |
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_______ |
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_______ |
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Total comprehensive income for the year |
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15,259 |
15,259 |
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Dividends paid and payable |
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(
50,000) |
(
50,000) |
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_______ |
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_______ |
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Total investments by and distributions to owners |
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- |
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(
50,000) |
(
50,000) |
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_______ |
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At 30 November 2023 |
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12,145 |
12,147 |
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_______ |
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_______ |
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Irongate Capital Limited
Notes to the financial statements
Year ended 30 November 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 18 Shakespeare Gardens,, East Finchley, London, N2 9LJ.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Fittings fixtures and equipment |
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25% % |
reducing balance |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4.
Staff costs
The average number of persons employed by the company during the year amounted to
1
(2022:
1
).
The aggregate payroll costs incurred during the year were:
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2023 |
2022 |
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£ |
£ |
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Other pension costs |
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40,000 |
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_______ |
_______ |
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5.
Tangible assets
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Fixtures, fittings and equipment |
Total |
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£ |
£ |
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Cost |
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At 1 December 2022 and 30 November 2023 |
1,820 |
1,820 |
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_______ |
_______ |
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Depreciation |
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At 1 December 2022 |
1,713 |
1,713 |
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Charge for the year |
107 |
107 |
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_______ |
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At 30 November 2023 |
1,820 |
1,820 |
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_______ |
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Carrying amount |
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At 30 November 2023 |
- |
- |
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_______ |
_______ |
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At 30 November 2022 |
107 |
107 |
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_______ |
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6.
Investments
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Other investments other than loans |
Total |
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£ |
£ |
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Cost |
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At 1 December 2022 |
34,023 |
34,023 |
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Disposals |
(
34,023) |
(
34,023) |
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_______ |
_______ |
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At 30 November 2023 |
- |
- |
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_______ |
_______ |
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Impairment |
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At 1 December 2022 and 30 November 2023 |
- |
- |
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_______ |
_______ |
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Carrying amount |
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At 30 November 2023 |
- |
- |
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_______ |
_______ |
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At 30 November 2022 |
34,023 |
34,023 |
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_______ |
_______ |
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7.
Creditors: amounts falling due within one year
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2023 |
2022 |
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£ |
£ |
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Other creditors |
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2,891 |
20,118 |
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_______ |
_______ |
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8.
Called up share capital
Issued, called up and fully paid
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2023 |
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2022 |
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No |
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£ |
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No |
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£ |
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Ordinary shares shares of £
1.00 each |
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2 |
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2 |
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2 |
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2 |
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_______ |
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