Registration number:
BTC CAPITAL MARKETS LTD
for the Year Ended 29 February 2024
BTC CAPITAL MARKETS LTD
Contents
Company Information |
|
Director's Report |
|
Accountants' Report |
|
Profit and Loss Account |
|
Statement of Comprehensive Income |
|
Balance Sheet |
|
Statement of Changes in Equity |
|
Notes to the Unaudited Financial Statements |
|
Detailed Profit and Loss Account |
BTC CAPITAL MARKETS LTD
Company Information
Director |
Dian Sun |
Registered office |
|
Accountants |
|
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:
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
......................................... |
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.
......................................
Chartered Accountants & Tax Advisors
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 |
( |
- |
|
Operating loss |
(24,782) |
- |
|
Loss before tax |
( |
- |
|
Loss for the financial year |
( |
- |
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 |
( |
- |
Total comprehensive income for the year |
( |
- |
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 |
|
|
|
Creditors: Amounts falling due within one year |
( |
- |
|
Net (liabilities)/assets |
( |
|
|
Capital and reserves |
|||
Called up share capital |
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 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
......................................... |
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 |
- |
( |
( |
New share capital subscribed |
|
- |
|
At 29 February 2024 |
|
( |
( |
Share capital |
Total |
|
New share capital subscribed |
|
|
At 28 February 2023 |
100 |
100 |
BTC CAPITAL MARKETS LTD
Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
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.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Creditors |
Creditors: amounts falling due within one year
2024 |
2023 |
|
Due within one year |
||
Accruals and deferred income |
|
- |
Other creditors |
|
- |
|
- |
Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
|||
No. |
£ |
No. |
£ |
|
|
|
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 |
- |