Company Registration No. 12011662 (England and Wales)
Ikigai Invest Services Ltd
Unaudited accounts
for the year ended 31 May 2023
Ikigai Invest Services Ltd
Unaudited accounts
Contents
Ikigai Invest Services Ltd
Company Information
for the year ended 31 May 2023
Director
Edgar De Picciotto
Company Number
12011662 (England and Wales)
Registered Office
Flat 9
12-13 Kensington Court
London
W8 5DN
United Kingdom
Accountants
The Accountancy Cloud
12-18 Hoxton Street
London
N1 6NG
UK
Ikigai Invest Services Ltd
Statement of financial position
as at 31 May 2023
Tangible assets
3,780
13,878
Cash at bank and in hand
42,509
18,624
Creditors: amounts falling due within one year
(4,104,041)
(3,439,803)
Net current liabilities
(4,042,579)
(3,405,320)
Total assets less current liabilities
(4,038,799)
(3,391,442)
Provisions for liabilities
Net liabilities
(4,038,799)
(3,392,843)
Called up share capital
1
1
Profit and loss account
(4,038,800)
(3,392,844)
Shareholders' funds
(4,038,799)
(3,392,843)
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 February 2024 and were signed on its behalf by
Edgar De Picciotto
Director
Company Registration No. 12011662
Ikigai Invest Services Ltd
Notes to the Accounts
for the year ended 31 May 2023
Ikigai Invest Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 12011662. The registered office is Flat 9, 12-13 Kensington Court, London, W8 5DN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Expenditure on research and development is written off in the year in which it is incurred.
The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Ikigai Invest Services Ltd
Notes to the Accounts
for the year ended 31 May 2023
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Amounts due from group undertakings etc.
17,472
-
Accrued income and prepayments
-
5,509
Amounts falling due after more than one year
Amounts due from group undertakings etc.
-
10,350
6
Creditors: amounts falling due within one year
2023
2022
Amounts owed to group undertakings and other participating interests
4,103,971
3,431,943
Taxes and social security
257
1,283
Loans from directors
(401)
-
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Ikigai Invest Services Ltd
Notes to the Accounts
for the year ended 31 May 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Loan
-
401
-
401
During the Year Ended 31 May 2023, Ikigai Invest Services Ltd was owed £401 by its directors. This amount is interest-free and repayable on demand.
9
Transactions with related parties
A balance of £13,721 (2022: £9,600) is owed by Curvefuel Ltd, which shares directors.
A balance of £3,750 (2022: £750) is owed by Origami Advisory Ltd, which shares directors.
A balance of £4,103,971 (2022: £3,431,943) is owed to Ikigai Invest Ltd, which shares directors.
The company is owned by Ikigai Invest Ltd, a company incorporated in England & Wales who owns 100% of the issued share capital.
11
Average number of employees
During the year the average number of employees was 2 (2022: 6).