REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2022 |
FOR |
8 CAPITAL (INTERNATIONAL) LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2022 |
FOR |
8 CAPITAL (INTERNATIONAL) LIMITED |
8 CAPITAL (INTERNATIONAL) LIMITED (REGISTERED NUMBER: 11980217) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 May 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
8 CAPITAL (INTERNATIONAL) LIMITED |
COMPANY INFORMATION |
for the year ended 31 May 2022 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Magma House |
16 Davy Court |
Castle Mound Way |
Rugby |
CV23 0UZ |
8 CAPITAL (INTERNATIONAL) LIMITED (REGISTERED NUMBER: 11980217) |
BALANCE SHEET |
31 May 2022 |
2022 | 2021 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
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. |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
8 CAPITAL (INTERNATIONAL) LIMITED (REGISTERED NUMBER: 11980217) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 May 2022 |
1. | STATUTORY INFORMATION |
8 Capital (International) Limited is a limited company, registered in England and Wales. Its registered office address is included on the company information page and the registered number is 11980217. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The company was dormant (within the meaning of section 480 of the Companies Act 2006) throughout the prior year. |
The financial statements are presented in sterling rounded to the nearest £. |
Financial instruments |
(i) Financial assets |
Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at |
transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. |
Such assets are subsequently carried at amortised cost using the effective interest rate method. |
(ii) Financial liabilities |
Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. |
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. |
Share capital |
Ordinary shares are classified as equity. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Other debtors |
Other debtors comprise a loan with no fixed repayment date and has therefore been classified as due within one year. |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Other creditors |
Other creditors comprise an interest free loan from a shareholder of the company which is considered repayable upon demand and has therefore been classified as due within one year. The shareholder has confirmed that they will not call for repayment of the loan until the company has sufficient resources to do so. |