Company registration number 09870496 (England and Wales)
Integrity Capital Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 December 2023
PAGES FOR FILING WITH REGISTRAR
Integrity Capital Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Integrity Capital Limited
Statement of financial position
as at 31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Investments
3
2,748,136
2,867,378
Cash at bank
189,939
321,944
2,938,075
3,189,322
Creditors: amounts falling due within one year
4
(62,582)
(58,658)
Net current assets
2,875,493
3,130,664
Creditors: amounts falling due after more than one year
5
(2,732,405)
(2,918,087)
Net assets
143,088
212,577
Capital and reserves
Called up share capital
210,000
210,000
Profit and loss reserves
(66,912)
2,577
Total equity
143,088
212,577
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 10 September 2024 and are signed on its behalf by:
Mr J N White
Director
Company Registration No. 09870496
Integrity Capital Limited
Notes to the financial statements
for the year ended 31 December 2023
- 2 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future due to the continued financial support of the directors. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover represents interest received principally from asset-backed loans and incorporates accrued interest up to the period end.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
3
3
Integrity Capital Limited
Notes to the financial statements (continued)
for the year ended 31 December 2023
- 3 -
3
Current asset investments
2023
2022
£
£
Other investments
2,748,136
2,867,378
4
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
62,582
58,658
5
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
2,732,405
2,918,087
6
Company information
Integrity Capital Limited is a private company limited by shares incorporated in England and Wales. The registered office is 27 Old Gloucester Street, London, Greater London, WC1N 3AX.