Registered Investments Ltd.
|
Registered Number
:
06898307
|
For the year ended 23 December 2016
England and Wales
Unaudited Financial Statements
For the year ended 23 December 2016
Registered Investments Ltd.
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Registered Investments Ltd.
Statement of Financial Position
23/12/2015
23/12/2016
Property
,
plant and equipment
|
1,860
840
2
7,269,497
7,269,497
3
7,271,357
7,270,337
-
19,650
4
Trade and other receivables
|
29,941
7,673
5
661,775
Cash and cash equivalents
|
236,982
264,305
691,716
Trade and other payables
:
amounts falling due within one year
|
(7,369,902)
(6,902,526)
6
(6,678,186)
(6,638,221)
Net current liabilities
Total assets less current liabilities
|
633,136
592,151
633,136
Net assets
592,151
1,000
1,000
746,864
705,879
(114,728)
(114,728)
633,136
592,151
Shareholders' funds
For the year ended 23 December 2016 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 of its financial statements for the year ended 23 December 2016 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
|
These financial statements were approved and authorised for issue by the Board on 14 March 2017 and were signed by:
|
The notes form part of these financial statements
|
1 of 4
For the year ended 23 December 2016
Registered Investments Ltd.
Notes to the Financial Statements
Statutory Information
Registered Investments Ltd
.
is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration
|
number
06898307
.
|
332 Hill Lane
Southampton
Hampshire
SO15 7NW
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial Reporting
|
Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the Companies Act
2006
.
|
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain
|
assets
.
|
Revenue recognition
Turnover represents rents receivable.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Computer equipment
The company
''
s freehold properties are revalued in full every five years
.
Interim valuations are carried out when it is likely that
|
there has been a material change in value
.
|
No depreciation is provided on the company
''
s freehold properties since in the opinion of the directors the expected useful
|
lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation would be
|
immaterial
.
The directors undertake an annual impairment review of these properties
.
|
Investment property
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
|
2 of 4
For the year ended 23 December 2016
Registered Investments Ltd.
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
1,844
1,649
3,493
Provision for depreciation and impairment
|
1,004
Charge for year
629
1,633
1,860
840
3
.
Investments held as fixed assets
|
7,269,497
7,269,497
7,269,497
7,269,497
7,269,497
7,269,497
7,269,497
7,269,497
23/12/2015
23/12/2016
19,650
-
3 of 4
For the year ended 23 December 2016
Registered Investments Ltd.
Notes to the Financial Statements Continued
5
.
Trade and other receivables
|
23/12/2015
23/12/2016
3,672
4,531
4,001
25,410
29,941
7,673
6
.
Trade and other payables
:
amounts falling due within one year
|
23/12/2015
23/12/2016
6,240
-
Amounts owed to group undertaking and undertaking in which the company
|
has a participating interest
|
6,841,921
7,349,297
Taxation and social security
|
54,365
599
-
20,006
6,902,526
7,369,902
7
.
Related party transactions
|
The company is a wholly owned subsidiary of K Scott Properties Ltd
.
,
incorporated in England
.
Advances of £
7
,
349
,
297
had
|
been received from them at the beginning of the year and £
507
,
376
was repaid leaving £
6
,
841
,
921
outstanding at the end of
|
the year
|
4 of 4