Typhon Capital Limited 13866386 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is 64999 - Financial intermediation not elsewhere classified Digita Accounts Production Advanced 6.30.9574.0 true true 13866386 2023-02-01 2024-01-31 13866386 2024-01-31 13866386 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 13866386 core:FurnitureFittingsToolsEquipment 2024-01-31 13866386 1 2024-01-31 13866386 bus:SmallEntities 2023-02-01 2024-01-31 13866386 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 13866386 bus:FilletedAccounts 2023-02-01 2024-01-31 13866386 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 13866386 bus:RegisteredOffice 2023-02-01 2024-01-31 13866386 bus:Director3 2023-02-01 2024-01-31 13866386 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13866386 core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 13866386 core:OfficeEquipment 2023-02-01 2024-01-31 13866386 countries:AllCountries 2023-02-01 2024-01-31 13866386 1 2023-02-01 2024-01-31 13866386 1 2023-01-31 13866386 2022-01-24 2023-01-31 13866386 2023-01-31 13866386 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 13866386

Typhon Capital Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

Typhon Capital Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Typhon Capital Limited

Company Information

Director

Mr D A Rosato

Registered office

128 City Road
London
EC1V 2NX

Accountants

Regulatory Accounting Ltd
T/A Optimum Professional Services
Vicarage Court
160 Ermin Street
Swindon
Wiltshire
SN3 4NE

 

Typhon Capital Limited

(Registration number: 13866386)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

879

-

Current assets

 

Cash at bank and in hand

 

41,392

11

Creditors: Amounts falling due within one year

6

(18,777)

-

Net current assets

 

22,615

11

Net assets

 

23,494

11

Capital and reserves

 

Called up share capital

11

11

Retained earnings

23,483

-

Shareholders' funds

 

23,494

11

For the financial year ending 31 January 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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 31 October 2024
 

.........................................
Mr D A Rosato
Director

 

Typhon Capital Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
128 City Road
London
EC1V 2NX
England

These financial statements were authorised for issue by the director on 31 October 2024.

2

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Typhon Capital Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

20% Straight Line

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.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

Typhon Capital Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

1,099

1,099

At 31 January 2024

1,099

1,099

Depreciation

Charge for the year

220

220

At 31 January 2024

220

220

Carrying amount

At 31 January 2024

879

879

5

Debtors

Current

2024
£

2023
£

 

-

-

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

7,325

-

Accruals and deferred income

4,865

-

Other creditors

6,587

-

18,777

-

 

Typhon Capital Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

7

Related party transactions

Transactions with the director

2024

At 1 February 2023
£

Advances to director
£

Repayments by director
£

At 31 January 2024
£

-

(465,017)

467,262

2,246