Registered number
12849319
Datamined Capital Ltd
Filleted Accounts
30 September 2024
Datamined Capital Ltd
Registered number: 12849319
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 972,152 871,159
Creditors: amounts falling due within one year 4 (237,183) (160,679)
Net current assets 734,969 710,480
Total assets less current liabilities 734,969 710,480
Creditors: amounts falling due after more than one year 5 (736,657) (712,498)
Net liabilities (1,688) (2,018)
Capital and reserves
Called up share capital 1 1
Profit and loss account (1,689) (2,019)
Shareholder's funds (1,688) (2,018)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Z. Remez
Director
Approved by the board on 22 May 2025
Datamined Capital Ltd
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover includes revenue earned from interest income. Interest income is recognised on a time-proportion basis using the effective interest method.
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2024 2023
£ £
Other debtors 972,152 871,159
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bad debt provision 236,643 159,809
Other creditors 540 870
237,183 160,679
5 Creditors: amounts falling due after one year 2024 2023
£ £
Amounts owed to related party 256,444 232,285
Director's loan account 480,213 480,213
736,657 712,498
6 Going Concern
The company is dependent on the support of its director and creditors to continue funding for the foreseeable future. The director will only require repayment of the loans as and when cashflow permits.
7 Related party transactions
At the year end there is an amount of £256,444 (2023:£232,285) due to E C Data Investments Ltd, a company incorporated in the UK. The director, Mr Z Remez, is a shareholder and director of E C Data Investments Ltd.
8 Controlling party
The company is controlled by the director who owns the entire share capital of the company.
9 Other information
Datamined Capital Ltd is a private company limited by shares and incorporated in England. Its registered office is:
582 Honeypot Lane
Stanmore
Middlesex
HA7 1JS
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