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REGISTERED NUMBER: 12507518 (England and Wales)










Report of the Director and

Financial Statements

for the Period 31 December 2021 to 28 June 2023

for

iNKFISH Capital Ltd

iNKFISH Capital Ltd (Registered number: 12507518)






Contents of the Financial Statements
for the Period 31 December 2021 to 28 June 2023




Page

Company Information 1

Report of the Director 2

Balance Sheet 3

Notes to the Financial Statements 4


iNKFISH Capital Ltd

Company Information
for the Period 31 December 2021 to 28 June 2023







DIRECTOR: L Stedman-Bryce





REGISTERED OFFICE: Suite 4 10/12 The Grove,
Ilkley,
England
LS29 9EG





REGISTERED NUMBER: 12507518 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Suite 4, 10/12 The Grove,
Ilkley
West Yorkshire
LS29 9EG

iNKFISH Capital Ltd (Registered number: 12507518)

Report of the Director
for the Period 31 December 2021 to 28 June 2023

The director presents his report with the financial statements of the company for the period 31 December 2021 to 28 June 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the period under review was that of management consultancy activities.

REVIEW OF BUSINESS
iNKFISH Capital Ltd is the holding company responsible for raising and managing capital to support high-impact projects in the specialist housing sector. Over the past four years, the company has strategically invested in several significant initiatives that have resulted in financial losses during this period. These losses are attributed to the upfront costs incurred to develop projects designed for long-term value generation.

A primary focus has been the funding of two specialist supported housing projects in Southeast England, providing accommodation for up to 20 adults with specialist care needs. These projects, completed in August 2024, represent a key milestone in the group's growth strategy.

Additionally, iNKFISH Capital Ltd has forward-funded costs for a pilot project run by iNKFISH Investments Ltd, working with various partners to provide consultancy and housing aimed at increasing residential care capacity for children. The total value of projects currently under consideration across these various partners amounts to £16 million.

Looking ahead, the company anticipates the announcement of a new service launch in 2025, which is based on the foundational work undertaken by the organisation. This upcoming service will further expand iNKFISH Capital Ltd's offerings and enhance future growth prospects.

The directors are confident that these investments will provide a solid foundation for future revenue and growth, despite the current short-term impact on profitability.

DIRECTOR
L Stedman-Bryce held office during the whole of the period from 31 December 2021 to the date of this report.

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

ON BEHALF OF THE BOARD:





L Stedman-Bryce - Director


9 October 2024

iNKFISH Capital Ltd (Registered number: 12507518)

Balance Sheet
28 June 2023

2023 2021
Notes £    £   
FIXED ASSETS
Tangible assets 4 204 314
Investments 5 300 300
504 614

CURRENT ASSETS
Debtors 6 131,725 30,750
Cash at bank 4,085 9,291
135,810 40,041
CREDITORS
Amounts falling due within one year 7 (185,164 ) (62,641 )
NET CURRENT LIABILITIES (49,354 ) (22,600 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(48,850

)

(21,986

)

CAPITAL AND RESERVES
Called up share capital 9 110 110
Retained earnings 10 (48,960 ) (22,096 )
SHAREHOLDERS' FUNDS (48,850 ) (21,986 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 June 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 June 2023 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 October 2024 and were signed by:




L Stedman-Bryce - Director


iNKFISH Capital Ltd (Registered number: 12507518)

Notes to the Financial Statements
for the Period 31 December 2021 to 28 June 2023

1. STATUTORY INFORMATION

iNKFISH Capital Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

TAXATION
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2021 - 3 ) .

iNKFISH Capital Ltd (Registered number: 12507518)

Notes to the Financial Statements - continued
for the Period 31 December 2021 to 28 June 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 31 December 2021
and 28 June 2023 333
DEPRECIATION
At 31 December 2021 19
Charge for period 110
At 28 June 2023 129
NET BOOK VALUE
At 28 June 2023 204
At 30 December 2021 314

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 31 December 2021
and 28 June 2023 300
NET BOOK VALUE
At 28 June 2023 300
At 30 December 2021 300

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
Other debtors 15,747 635
Inter Company - INK Investment 113,978 24,692
Directors' current accounts - 3,423
Prepayments 2,000 2,000
131,725 30,750

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
Other loans (see note 8) 159,295 50,200
Trade creditors 1,957 506
Corporation tax 200 -
Other creditors - 8
Accrued expenses 23,712 11,927
185,164 62,641

iNKFISH Capital Ltd (Registered number: 12507518)

Notes to the Financial Statements - continued
for the Period 31 December 2021 to 28 June 2023

8. LOANS

An analysis of the maturity of loans is given below:

2023 2021
£    £   
Amounts falling due within one year or on demand:
Loans 159,095 50,000
Inkfish Care Limited 100 100
Inkfish Development Limited 100 100
159,295 50,200

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2021
value: £    £   
100 Ordinary £1 110 110

10. RESERVES
Retained
earnings
£   

At 31 December 2021 (22,096 )
Deficit for the period (26,864 )
At 28 June 2023 (48,960 )