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Financial Statements for the Year Ended 31 May 2022 |
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Mogul Capital Limited |
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Financial Statements for the Year Ended 31 May 2022 |
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Mogul Capital Limited |
Mogul Capital Limited (Registered number: 08527402) |
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Contents of the Financial Statements |
for the Year Ended 31 May 2022 |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Mogul Capital Limited |
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Company Information |
for the Year Ended 31 May 2022 |
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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 Accountants |
Foresters Hall |
25/27 Westow Street |
Upper Norwood |
London |
SE19 3RY |
Mogul Capital Limited (Registered number: 08527402) |
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Abridged Balance Sheet |
31 May 2022 |
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31/5/22 | 31/5/21 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Investments | 5 |
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CURRENT ASSETS |
Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | ( |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 6 | ( |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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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. |
Mogul Capital Limited (Registered number: 08527402) |
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Abridged Balance Sheet - continued |
31 May 2022 |
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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 and authorised for issue on
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Mogul Capital Limited (Registered number: 08527402) |
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Notes to the Financial Statements |
for the Year Ended 31 May 2022 |
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1. | STATUTORY INFORMATION |
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Mogul Capital Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The company has reported a net loss of £26,534 for the year. At the balance sheet date the company's total liabilities exceeded its total assets by £39,126. The company's liabilities at the balance sheet date included £47,425 owed to its Director relating to various advances to fund its activities. The Director has indicated his intention to continue to provide funding to the company in this manner for the foreseeable future. He has also indicated that there is no intention to recall exiting funding for the foreseeable future. |
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Given the above, the Director considers it appropriate to continue to adopt the going concrn basis in the preparation of these financial statements. |
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The financial statements do not include any adjustments that would be necessary should the director withdraw his support or should the company otherwise be unable to settle its debts as they fall due. |
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Intangible assets |
Other intangible assets include patents and licences fees, relating to the registration costs for an international trademark, and development cost of a brand. Neither class of intangible asset is currently being amortised. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
Additions |
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At 31 May 2022 |
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NET BOOK VALUE |
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At 31 May 2022 |
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Mogul Capital Limited (Registered number: 08527402) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 May 2022 |
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5. | FIXED ASSET INVESTMENTS |
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Information on investments other than loans is as follows: |
Totals |
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COST |
Additions | 50,750 |
At 31 May 2022 | 50,750 |
NET BOOK VALUE |
At 31 May 2022 | 50,750 |
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6. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS |
31/5/22 | 31/5/21 |
£ | £ |
Repayable by instalments |
Bank loans > 5 years | 50,000 | 50,000 |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/5/22 | 31/5/21 |
value: | £ | £ |
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Ordinary | £1 | 100 | 100 |
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Attached to the shares are a right to vote in general meetings, a right to receive dividends if declared by the company and a right to participate in distributions of capital, including on winding up. |