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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019 |
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REMEDIATED INVESTMENTS LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019 |
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FOR |
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REMEDIATED INVESTMENTS LIMITED |
REMEDIATED INVESTMENTS LIMITED (REGISTERED NUMBER: 06373141) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2019 |
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Balance Sheet | 1 |
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Notes to the Financial Statements | 3 |
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REMEDIATED INVESTMENTS LIMITED (REGISTERED NUMBER: 06373141) |
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BALANCE SHEET |
31 MARCH 2019 |
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2019 | 2018 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
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Investment property | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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CREDITORS |
Amounts falling due within one year | 7 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL REDEMPTION BUSINESS |
FUND | 8 | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 9 |
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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. |
REMEDIATED INVESTMENTS LIMITED (REGISTERED NUMBER: 06373141) |
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BALANCE SHEET - continued |
31 MARCH 2019 |
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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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REMEDIATED INVESTMENTS LIMITED (REGISTERED NUMBER: 06373141) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2019 |
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1. | STATUTORY INFORMATION |
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Remediated Investments Limited is a
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company's registered number and registered office address are as below: |
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Registered number: | 06373141 |
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Registered office: | 6th Floor |
49 Peter Street |
Manchester |
M2 3NG |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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Transactions are rounded to the nearest pound (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
fair value is recognised in profit or loss. |
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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. |
REMEDIATED INVESTMENTS LIMITED (REGISTERED NUMBER: 06373141) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2019 |
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2. | ACCOUNTING POLICIES - continued |
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Capital redemption business fund ("crf") |
The company is required for the purposes of carrying on its capital redemption fund business to establish a |
capital redemption business fund into which shall be paid all assets which are received by the company as |
consideration for the effecting of the contract with the persons paying such monies and provide for the payment |
of a sum or sums at some future time or on the happening of some event other than death being more than five |
years from the date thereof. |
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The capital redemption business fund shall be credited with all income and all profits and gains from the |
application of such monies paid to it as consideration as aforesaid and from all monies representing the same and |
all accumulations of income and gains referable to the said business, and shall be debited with all liabilities of the |
fund in respect of the capital redemption contract together with all losses and charges and expenses of |
management incurred by the company in connection with the management and administration of the said |
business, provided that in the case of such charges and expenses the same shall have been approved by the |
actuary of the company as being properly chargeable to the capital redemption business fund in accordance with |
the terms of the capital redemption contracts. |
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The liabilities of the company in respect of capital redemption contract shall be discharged (insofar as is |
possible) from the capital redemption business fund by the company shall not for any reason be or be deemed to |
be an actual or constructive trustee of any of the monies or assets held for the account of the capital redemption |
business fund or of any of its powers or functions of management of its capital redemption business fund or of |
any of the monies or assets belonging thereto. |
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No shareholder of the company shall be entitled to participate in the profits of the capital redemption business of |
the company until such a time as the liabilities of the company referable to the capital redemption business fund |
have been satisfied in full otherwise than as a result of a transfer in respect of so much of the aggregate annual |
management charges of the company in relation to the management and administration of the capital redemption |
business fund as may be sanctioned by the terms of the capital redemption contract and of any commissions or |
charges accruing to it from third parties which whom any monies or assets belonging to the capital redemption |
business fund may have been invested. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2018 - NIL). |
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4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 April 2018 |
and 31 March 2019 |
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NET BOOK VALUE |
At 31 March 2019 |
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At 31 March 2018 |
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REMEDIATED INVESTMENTS LIMITED (REGISTERED NUMBER: 06373141) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2019 |
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5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 April 2018 |
and 31 March 2019 |
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NET BOOK VALUE |
At 31 March 2019 |
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At 31 March 2018 |
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The investment property is carried in the financial statements at the directors' valuation. |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Other debtors |
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Prepayments and accrued income |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Tax |
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Other creditors |
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Accruals and deferred income |
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8. | CAPITAL REDEMPTION BUSINESS |
FUND |
2019 | 2018 |
£ | £ |
Other provisions |
Capital redemption |
business fund | 1,159,622 | 1,155,774 |
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Capital |
redemption |
business |
£ |
Balance at 1 April 2018 |
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Interest received | 15,406 |
Policy charges | (11,558 | ) |
Balance at 31 March 2019 |
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REMEDIATED INVESTMENTS LIMITED (REGISTERED NUMBER: 06373141) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2019 |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
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Ordinary | £1 | 100 | 100 |