REGISTERED NUMBER: |
Report of the Director and |
Financial Statements |
for the Period 31 December 2021 to 28 June 2023 |
for |
iNKFISH Capital Ltd |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
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: |
iNKFISH Capital Ltd (Registered number: 12507518) |
Balance Sheet |
28 June 2023 |
2023 | 2021 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings | 10 | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
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 |
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 |
2. | ACCOUNTING POLICIES |
BASIS OF PREPARING THE FINANCIAL STATEMENTS |
TANGIBLE FIXED ASSETS |
Computer equipment | - |
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 |
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 |
DEPRECIATION |
At 31 December 2021 |
Charge for period |
At 28 June 2023 |
NET BOOK VALUE |
At 28 June 2023 |
At 30 December 2021 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 31 December 2021 |
and 28 June 2023 |
NET BOOK VALUE |
At 28 June 2023 |
At 30 December 2021 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2021 |
£ | £ |
Other debtors |
Inter Company - INK Investment | 113,978 | 24,692 |
Directors' current accounts | - | 3,423 |
Prepayments |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2021 |
£ | £ |
Other loans (see note 8) |
Trade creditors |
Corporation tax |
Other creditors |
Accrued expenses |
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 |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2021 |
value: | £ | £ |
Ordinary | £1 | 110 | 110 |
10. | RESERVES |
Retained |
earnings |
£ |
At 31 December 2021 | ( |
) |
Deficit for the period | ( |
) |
At 28 June 2023 | ( |
) |