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REGISTERED NUMBER: 08624882 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 July 2020

for

BITCAP HOLDINGS LTD

BITCAP HOLDINGS LTD (REGISTERED NUMBER: 08624882)






Contents of the Financial Statements
for the Year Ended 31 July 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BITCAP HOLDINGS LTD


Company Information
for the Year Ended 31 July 2020







DIRECTORS: J Roddison FCA
Miss S Herbert
D L Collins Jr





REGISTERED OFFICE: The Old Workshop
1 Ecclesall Road South
Sheffield
South Yorkshire
S11 9PA





REGISTERED NUMBER: 08624882 (England and Wales)





ACCOUNTANTS: Brown McLeod Limited
Chartered Accountants
The Old Workshop
1 Ecclesall Road South
Sheffield
South Yorkshire
S11 9PA

BITCAP HOLDINGS LTD (REGISTERED NUMBER: 08624882)


Balance Sheet
31 July 2020

31.7.20 31.7.19
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 260 312
Tangible assets 5 524 655
784 967

CURRENT ASSETS
Debtors 6 66,176 2,376
Cash at bank 241,508 174,641
307,684 177,017
CREDITORS
Amounts falling due within one year 7 16,153 125,345
NET CURRENT ASSETS 291,531 51,672
TOTAL ASSETS LESS CURRENT
LIABILITIES

292,315

52,639

CAPITAL AND RESERVES
Called up share capital 1,600 1,600
Share premium 240,766 240,766
Retained earnings 49,949 (189,727 )
SHAREHOLDERS' FUNDS 292,315 52,639

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BITCAP HOLDINGS LTD (REGISTERED NUMBER: 08624882)


Balance Sheet - continued
31 July 2020


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2021 and were signed on its behalf by:





J Roddison FCA - Director


BITCAP HOLDINGS LTD (REGISTERED NUMBER: 08624882)


Notes to the Financial Statements
for the Year Ended 31 July 2020

1. STATUTORY INFORMATION

Bitcap Holdings Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

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.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - 3 ).

BITCAP HOLDINGS LTD (REGISTERED NUMBER: 08624882)


Notes to the Financial Statements - continued
for the Year Ended 31 July 2020

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2019
and 31 July 2020 520
AMORTISATION
At 1 August 2019 208
Charge for year 52
At 31 July 2020 260
NET BOOK VALUE
At 31 July 2020 260
At 31 July 2019 312

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2019
and 31 July 2020 2,500
DEPRECIATION
At 1 August 2019 1,845
Charge for year 131
At 31 July 2020 1,976
NET BOOK VALUE
At 31 July 2020 524
At 31 July 2019 655

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.20 31.7.19
£    £   
Other debtors 66,176 2,376

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.20 31.7.19
£    £   
Trade creditors - 4,364
Taxation and social security 11,554 -
Other creditors 4,599 120,981
16,153 125,345

BITCAP HOLDINGS LTD (REGISTERED NUMBER: 08624882)


Notes to the Financial Statements - continued
for the Year Ended 31 July 2020

8. ULTIMATE CONTROLLING PARTY

There is no one controlling party.