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Registration number: 13909714

BTC CAPITAL MARKETS LTD

Annual Report and Unaudited Financial Statements

for the Year Ended 29 February 2024

 

BTC CAPITAL MARKETS LTD

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Profit and Loss Account

4

Statement of Comprehensive Income

5

Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Financial Statements

8 to 9

Detailed Profit and Loss Account

10 to 11

 

BTC CAPITAL MARKETS LTD

Company Information

Director

Dian Sun

Registered office

Amlbenson, The Longlodge
265-269 Kingston Road
Wimbledon
SW193NW

Accountants

TAX LINK (CTA) LIMITED
Chartered Accountants & Tax Advisors
The Long Lodge
265-269 Kingston Road
Wimbledon
London
SW19 3NW

 

BTC CAPITAL MARKETS LTD

Director's Report for the Year Ended 29 February 2024

The report and the financial statements for the year ended 29 February 2024.

Director of the company

The director who held office during the year was as follows:

Dian Sun

Principal activity

The principal activity of the company is Financial intermediation services

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 13 September 2024
 

.........................................
Dian Sun
Director

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
BTC CAPITAL MARKETS LTD
for the Year Ended 29 February 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of BTC CAPITAL MARKETS LTD for the year ended 29 February 2024 as set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of BTC CAPITAL MARKETS LTD, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of BTC CAPITAL MARKETS LTD and state those matters that we have agreed to state to the Board of Directors of BTC CAPITAL MARKETS LTD, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BTC CAPITAL MARKETS LTD and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that BTC CAPITAL MARKETS LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of BTC CAPITAL MARKETS LTD. You consider that BTC CAPITAL MARKETS LTD is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of BTC CAPITAL MARKETS LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

TAX LINK (CTA) LIMITED
Chartered Accountants & Tax Advisors
The Long Lodge
265-269 Kingston Road
Wimbledon
London
SW19 3NW

Date:.............................

 

BTC CAPITAL MARKETS LTD

Profit and Loss Account for the Year Ended 29 February 2024

Note

2024
£

2023
£

Turnover

 

-

-

Gross profit/(loss)

 

-

-

Administrative expenses

 

(24,782)

-

Operating loss

 

(24,782)

-

Loss before tax

(24,782)

-

Loss for the financial year

 

(24,782)

-

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

BTC CAPITAL MARKETS LTD

Statement of Comprehensive Income for the Year Ended 29 February 2024

2024
£

2023
£

Loss for the year

(24,782)

-

Total comprehensive income for the year

(24,782)

-

 

BTC CAPITAL MARKETS LTD

(Registration number: 13909714)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Current assets

 

Cash at bank and in hand

 

9,577

100

Creditors: Amounts falling due within one year

4

(34,259)

-

Net (liabilities)/assets

 

(24,682)

100

Capital and reserves

 

Called up share capital

5

100

100

Retained earnings

(24,782)

-

Shareholders' (deficit)/funds

 

(24,682)

100

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 13 September 2024
 

.........................................
Dian Sun
Director

 

BTC CAPITAL MARKETS LTD

Statement of Changes in Equity for the Year Ended 29 February 2024

Share capital
£

Retained earnings
£

Total
£

Loss for the year

-

(24,782)

(24,782)

New share capital subscribed

100

-

100

At 29 February 2024

100

(24,782)

(24,682)

Share capital
£

Total
£

New share capital subscribed

100

100

At 28 February 2023

100

100

 

BTC CAPITAL MARKETS LTD

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Amlbenson, The Longlodge
265-269 Kingston Road
Wimbledon
SW193NW
United Kingdom

These financial statements were authorised for issue by the director on 13 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

BTC CAPITAL MARKETS LTD

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

480

-

Other creditors

33,779

-

34,259

-

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A of £1 each

100

100

100

100

       
 

BTC CAPITAL MARKETS LTD

Detailed Profit and Loss Account for the Year Ended 29 February 2024

Year ended 29 February 2024
 £

11 February 2022 to 28 February 2023
 £

turnover

-

-

Administrative expenses

Establishment costs

20,240

-

General administrative expenses

4,132

-

Finance charges

410

-

24,782

-

Operating loss

(24,782)

-

Loss before tax

(24,782)

-

 

BTC CAPITAL MARKETS LTD

Detailed Profit and Loss Account for the Year Ended 29 February 2024

2024
£

2023
£

   

Establishment costs

Rent

20,240

-

   

General administrative expenses

Telephone and fax

84

-

Travel and subsistence

905

-

Advertising

2,663

-

Accountancy fees

480

-

4,132

-

   

Finance charges

Bank charges

410

-