Company Registration No. 11152545 (England and Wales)
Blockstars Capital Limited
Unaudited accounts
for the period from 17 January 2018 to 28 February 2019
Blockstars Capital Limited
Unaudited accounts
Contents
Blockstars Capital Limited
Company Information
for the period from 17 January 2018 to 28 February 2019
Directors
James Towning
Adam Shoshan
Company Number
11152545 (England and Wales)
Registered Office
17 Hill Street,
Mayfair
London
W1J 5LJ
Blockstars Capital Limited
Statement of financial position
as at
28 February 2019
Cash at bank and in hand
1,286
Creditors: amounts falling due within one year
(18,280)
Net current assets
50,088
Called up share capital
9
Profit and loss account
(505,743)
Shareholders' funds
51,346
For the period ending 28 February 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 26 March 2019.
James Towning
Director
Company Registration No. 11152545
Blockstars Capital Limited
Notes to the Accounts
for the period from 17 January 2018 to 28 February 2019
Blockstars Capital Limited is a private company, limited by shares, registered in England and Wales, registration number 11152545. The registered office is 17 Hill Street,, Mayfair, London , W1J 5LJ .
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
Straight Line over 3 years
Expenditure on research and development is written off in the year in which it is incurred.
Investments in shares are included at fair value.
The current economic environment is difficult and the company has reported an operating loss for the year. The directors have instituted measures to preserve cash and secure additional finance to mitigate these uncertainties and continue to trade in the coming year.
4
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
At 28 February 2019
1,886
Charge for the period
629
At 28 February 2019
1,257
Blockstars Capital Limited
Notes to the Accounts
for the period from 17 January 2018 to 28 February 2019
5
Investments
Subsidiary undertakings
Valuation at 17 January 2018
-
Fair value adjustments
(99,999)
Valuation at 28 February 2019
1
During the period the company invested into its Joint Venture Blockstars Trading Services Limited. The investment has been impaired in the period.
Accrued income and prepayments
3,750
7
Creditors: amounts falling due within one year
2019
8
Transactions with related parties
During the period the director, James Towning was paid a salary of £39,064 which has been fully settled.
During the period the director, Elisabeth Dana was paid a salary of £30,000 which has been fully settled.
9
Average number of employees
During the period the average number of employees was 3.