REGISTERED NUMBER: |
Financial Statements for the Year Ended 31st March 2021 |
for |
Imara Capital Limited |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 31st March 2021 |
for |
Imara Capital Limited |
Imara Capital Limited (Registered number: 09592992) |
Contents of the Financial Statements |
for the Year Ended 31st March 2021 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Imara Capital Limited |
Company Information |
for the Year Ended 31st March 2021 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
Imara Capital Limited (Registered number: 09592992) |
Balance Sheet |
31st March 2021 |
31/3/21 | 31/3/20 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
Investment property | 6 |
CURRENT ASSETS |
Stocks |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
NET (LIABILITIES)/ASSETS | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | 9 | ( |
) |
( |
) |
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. |
Imara Capital Limited (Registered number: 09592992) |
Balance Sheet - continued |
31st March 2021 |
The financial statements were approved by the director and authorised for issue on |
Imara Capital Limited (Registered number: 09592992) |
Notes to the Financial Statements |
for the Year Ended 31st March 2021 |
1. | STATUTORY INFORMATION |
Imara Capital Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The Director believes, after due and careful enquiry, that the company has sufficient resources for its present requirements and is able to meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date of signing of these financial statements. |
Preparation of consolidated financial statements |
The financial statements contain information about Imara Capital Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Computer equipment | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Investment property |
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Imara Capital Limited (Registered number: 09592992) |
Notes to the Financial Statements - continued |
for the Year Ended 31st March 2021 |
2. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the year 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 year 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 year was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1st April 2020 |
Additions |
At 31st March 2021 |
DEPRECIATION |
At 1st April 2020 |
Charge for year |
At 31st March 2021 |
NET BOOK VALUE |
At 31st March 2021 |
At 31st March 2020 |
Imara Capital Limited (Registered number: 09592992) |
Notes to the Financial Statements - continued |
for the Year Ended 31st March 2021 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1st April 2020 |
and 31st March 2021 |
NET BOOK VALUE |
At 31st March 2021 |
At 31st March 2020 |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1st April 2020 |
Revaluations | (215,000 | ) |
At 31st March 2021 |
NET BOOK VALUE |
At 31st March 2021 |
At 31st March 2020 |
In the opinion of the Directors', the valuation of the company's investment properties are not materially different from the amount stated in the financial statements. |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/3/21 | 31/3/20 |
£ | £ |
Other debtors |
VAT |
Deferred tax asset |
Imara Capital Limited (Registered number: 09592992) |
Notes to the Financial Statements - continued |
for the Year Ended 31st March 2021 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/3/21 | 31/3/20 |
£ | £ |
Bank loans and overdrafts |
Other creditors |
Directors' current accounts | 113,988 | 83,011 |
Accruals and deferred income |
9. | RESERVES |
Included within profit and loss reserves is an amount of £13,862 (2020: £205,144) relating to unrealised revaluation losses on investment properties (2020: unrealised revaluation gains). The amount is not available for distribution until the investment properties are disposed of after which it becomes realised. |