Five Islands Capital Limited
Notes to the Financial Statements
For the Period Ended 30 March 2024
Five Islands Capital Limited is a private company limited by shares, incorporated in England and Wales with the registered number 11691093. Its registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
Short-term debtors are measured at transaction price, less any impairment.
Short-term creditors are measured at the transaction price.
During the period 1 April 2023 to 30 March 2024 the Company did not have third party indemnity insurance in force for the benefit of the directors.
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Five Islands Capital Limited
Notes to the Financial Statements
For the Period Ended 30 March 2024
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Five Islands Capital Limited
Notes to the Financial Statements
For the Period Ended 30 March 2024
Summary of the prior year accounting impact: £ Administration fees paid - increase in loss by 69,609 Increase in other creditors 69,609
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Five Islands Capital Limited
Notes to the Financial Statements
For the Period Ended 30 March 2024
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