3 31/12/2023 2023-12-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-01-01 Sage Accounts Production 23.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 11918764 2023-01-01 2023-12-31 11918764 2023-12-31 11918764 2022-12-31 11918764 2022-01-01 2022-12-31 11918764 2022-12-31 11918764 2021-12-31 11918764 core:Subsidiary1 2023-01-01 2023-12-31 11918764 core:Subsidiary2 2023-01-01 2023-12-31 11918764 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 11918764 bus:RegisteredOffice 2023-01-01 2023-12-31 11918764 bus:Director1 2023-01-01 2023-12-31 11918764 bus:Director2 2023-01-01 2023-12-31 11918764 core:FurnitureFittingsToolsEquipment 2022-12-31 11918764 core:FurnitureFittingsToolsEquipment 2023-12-31 11918764 core:WithinOneYear 2023-12-31 11918764 core:WithinOneYear 2022-12-31 11918764 core:AfterOneYear 2023-12-31 11918764 core:AfterOneYear 2022-12-31 11918764 core:ShareCapital 2023-12-31 11918764 core:ShareCapital 2022-12-31 11918764 core:RetainedEarningsAccumulatedLosses 2023-12-31 11918764 core:RetainedEarningsAccumulatedLosses 2022-12-31 11918764 core:CostValuation core:Non-currentFinancialInstruments 2022-12-31 11918764 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-12-31 11918764 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2023-12-31 11918764 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 11918764 core:Non-currentFinancialInstruments 2023-12-31 11918764 core:Non-currentFinancialInstruments 2022-12-31 11918764 core:FurnitureFittingsToolsEquipment 2022-12-31 11918764 bus:Director1 2023-12-31 11918764 bus:Director2 2022-12-31 11918764 bus:Director2 2023-12-31 11918764 bus:Director2 2021-12-31 11918764 bus:Director2 2022-12-31 11918764 bus:SmallEntities 2023-01-01 2023-12-31 11918764 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11918764 bus:FullAccounts 2023-01-01 2023-12-31 11918764 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11918764 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
Company registration number: 11918764
Ikigai Energy Limited
Unaudited filleted financial statements
31 December 2023
Ikigai Energy Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Ikigai Energy Limited
Directors and other information
Directors Mr Roberto Castiglioni
Miss Helena Anderson
Company number 11918764
Registered office 104 Old Ford Road
London
E2 9PW
Ikigai Energy Limited
Statement of financial position
31 December 2023
31/12/23 31/12/22
Note £ £ £ £
Fixed assets
Tangible assets 5 1,606 378
Investments 6 200 10,100
_______ _______
1,806 10,478
Current assets
Debtors 7 1,684,492 477,918
Cash at bank and in hand 688,665 3,408
_______ _______
2,373,157 481,326
Creditors: amounts falling due
within one year 8 ( 172,727) ( 141,740)
_______ _______
Net current assets 2,200,430 339,586
_______ _______
Total assets less current liabilities 2,202,236 350,064
Creditors: amounts falling due
after more than one year 9 ( 15,661) ( 25,780)
_______ _______
Net assets 2,186,575 324,284
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 2,186,573 324,282
_______ _______
Shareholders funds 2,186,575 324,284
_______ _______
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- 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;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 23 September 2024 , and are signed on behalf of the board by:
Miss Helena Anderson
Director
Company registration number: 11918764
Ikigai Energy Limited
Notes to the financial statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 104 Old Ford Road, London, E2 9PW.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.
Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
No provision for deferred taxation has been provided for in the financial statements due to the amount not being material.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2022: 2 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 January 2023 1,424 1,424
Additions 1,678 1,678
_______ _______
At 31 December 2023 3,102 3,102
_______ _______
Depreciation
At 1 January 2023 1,046 1,046
Charge for the year 450 450
_______ _______
At 31 December 2023 1,496 1,496
_______ _______
Carrying amount
At 31 December 2023 1,606 1,606
_______ _______
At 31 December 2022 378 378
_______ _______
6. Investments
Shares in group undertakings and participating interests Total
£ £
Cost
At 1 January 2023 10,100 10,100
Additions 100 100
Disposals ( 10,000) ( 10,000)
_______ _______
At 31 December 2023 200 200
_______ _______
Impairment
At 1 January 2023 and 31 December 2023 - -
_______ _______
Carrying amount
At 31 December 2023 200 200
_______ _______
At 31 December 2022 10,100 10,100
_______ _______
Investments in group undertakings
Registered office Class of share Percentage of shares held
Subsidiary undertakings
Sous 1 Limited 104 Old Ford Road, London, E2 9PW Ordinary 100
Abze 1 Limited 104 Old Ford Road, London, E2 9PW Ordinary 100
7. Debtors
31/12/23 31/12/22
£ £
Trade debtors 5,742 61,629
Amounts owed by group undertakings and undertakings in which the company has a participating interest - 38,157
Other debtors 1,678,750 378,132
_______ _______
1,684,492 477,918
_______ _______
8. Creditors: amounts falling due within one year
31/12/23 31/12/22
£ £
Bank loans and overdrafts 10,119 9,870
Trade creditors 29,182 4,556
Corporation tax 83,823 76,545
Social security and other taxes 34,480 38,939
Other creditors 15,123 11,830
_______ _______
172,727 141,740
_______ _______
9. Creditors: amounts falling due after more than one year
31/12/23 31/12/22
£ £
Bank loans and overdrafts 15,661 25,780
_______ _______
10. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company. Loans to the directors are interest bearing.
Year ended 31/12/23
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr Roberto Castiglioni - 170,000 170,000
Miss Helena Anderson ( 9,400) 179,400 170,000
_______ _______ _______
( 9,400) 349,400 340,000
_______ _______ _______
Period ended 31/12/22
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr Roberto Castiglioni - - -
Miss Helena Anderson ( 9,400) - ( 9,400)
_______ _______ _______