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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2017 |
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INDEPENDENT CAPITAL CORPORATION LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2017 |
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FOR |
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INDEPENDENT CAPITAL CORPORATION LIMITED |
INDEPENDENT CAPITAL CORPORATION LIMITED (REGISTERED NUMBER: 02824402) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 30 November 2017 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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INDEPENDENT CAPITAL CORPORATION LIMITED |
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COMPANY INFORMATION |
for the Year Ended 30 November 2017 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
Rear of No 2 |
SPM House |
Glenthorne Road |
Friern Barnet |
London |
N11 3HT |
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BANKERS: |
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St James's and Piccadilly |
P O Box 2 DG |
208 Piccadilly |
London |
W1A 2DG |
INDEPENDENT CAPITAL CORPORATION LIMITED (REGISTERED NUMBER: 02824402) |
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BALANCE SHEET |
30 November 2017 |
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30.11.17 | 30.11.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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INDEPENDENT CAPITAL CORPORATION LIMITED (REGISTERED NUMBER: 02824402) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 30 November 2017 |
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1. | STATUTORY INFORMATION |
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INDEPENDENT CAPITAL CORPORATION LIMITED is a
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England and Wales. The company's registered number and registered office address can be found on the |
Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents the fees and commissions received from management and consultancy services. |
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Tangible fixed assets |
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Furniture and fittings - 10% reducing balance |
Computer equipment - 25% reducing balance |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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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. |
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Foreign currencies |
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at |
the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange |
ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
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Going concern |
The Financial Statements have been prepared on a going concern basis, not withstanding that there is a |
deficiency of assets as at 30 November 2016 amounting to £257,450, the validity of which is dependent on the |
continued financial support of the directors and shareholder. On the basis, the directors consider that it is |
appropriate for the financial statements to be prepared on the going concern basis. |
INDEPENDENT CAPITAL CORPORATION LIMITED (REGISTERED NUMBER: 02824402) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 November 2017 |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL. |
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 December 2016 |
and 30 November 2017 |
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DEPRECIATION |
At 1 December 2016 |
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Charge for year |
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At 30 November 2017 |
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NET BOOK VALUE |
At 30 November 2017 |
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At 30 November 2016 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.17 | 30.11.16 |
£ | £ |
Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.17 | 30.11.16 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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7. | CONTINGENT LIABILITIES |
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There were no contingent liabilities at balance sheet date. |
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8. | CAPITAL COMMITMENTS |
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No major capital commitments as at 30 November 2017. |
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9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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Included in other creditors is a balance of £88,568 (2016: £87,619) owed to J.M Chamboulive, director of the |
company. |
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10. | POST BALANCE SHEET EVENTS |
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There were no post balance sheet events to disclose. |
INDEPENDENT CAPITAL CORPORATION LIMITED (REGISTERED NUMBER: 02824402) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 November 2017 |
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11. | ULTIMATE CONTROLLING PARTY |
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J.M Chamboulive is the controlling party by virtue of his 100% shareholdings in the company. |