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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
Page
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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
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Ikigai Invest Services Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,780 
13,878 
Current assets
Debtors
18,953 
15,859 
Cash at bank and in hand
42,509 
18,624 
61,462 
34,483 
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
Deferred tax
- 
(1,401)
Net liabilities
(4,038,799)
(3,392,843)
Capital and reserves
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
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Ikigai Invest Services Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Going concern
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:
Computer equipment
25%
Turnover
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.
Pension 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.
Foreign exchange
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.
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Ikigai Invest Services Ltd Notes to the Accounts for the year ended 31 May 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 June 2022
22,530 
At 31 May 2023
22,530 
Depreciation
At 1 June 2022
8,652 
Charge for the year
3,896 
On disposals
6,202 
At 31 May 2023
18,750 
Net book value
At 31 May 2023
3,780 
At 31 May 2022
13,878 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
1,481 
- 
Amounts due from group undertakings etc.
17,472 
- 
Accrued income and prepayments
- 
5,509 
18,953 
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 
£ 
£ 
VAT
- 
2,565 
Trade creditors
214 
4,012 
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)
- 
4,104,041 
3,439,803 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
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Ikigai Invest Services Ltd Notes to the Accounts for the year ended 31 May 2023
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Director's Loan
- 
401 
- 
401 
- 
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.
10
Controlling party
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).
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