Registered Investments Ltd.
|
Registered Number
:
06898307
|
For the year ended 23 December 2019
England and Wales
Unaudited Financial Statements
For the year ended 23 December 2019
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
23/12/2018
23/12/2019
Property
,
plant and equipment
|
790
1,050
2
7,301,021
7,900,000
3
7,900,790
7,302,071
Trade and other receivables
|
(426)
4,471
4
379,388
Cash and cash equivalents
|
566,704
571,175
378,962
Trade and other payables
:
amounts falling due within one year
|
(6,913,523)
(7,048,129)
5
(6,534,561)
(6,476,954)
Net current liabilities
Total assets less current liabilities
|
1,423,836
767,510
1,423,836
Net assets
767,510
1,000
1,000
598,979
-
6
938,585
881,238
(114,728)
(114,728)
1,423,836
767,510
Shareholders' funds
For the year ended 23 December 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 of its financial statements for the year ended 23 December 2019 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his 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 applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 26 March 2020 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 23 December 2019
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
.
|
Principal place of business
:
|
332 Hill Lane
Southampton
Hampshire
Hampshire
SO15 7NW
10 St Bride Street
London
London
EC4A 4AD
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 properties were professionally valued by Allsop PLL at their open market value at
17
th January
2020
.
Under
|
the transitional provisions of the Financial Reporting Standard for Smaller Entities
(
effective January
2015
)
the properties
|
have been stated at that valuation
..
|
Investment property
Investment properties are included in the balance sheet at their open market value at 17th January 2020. 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.
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2 of 4
For the year ended 23 December 2019
Registered Investments Ltd.
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
3,493
3,493
Provision for depreciation and impairment
|
2,443
Charge for year
260
2,703
790
1,050
3
.
Investments held as fixed assets
|
7,301,021
7,301,021
598,979
598,979
7,900,000
7,900,000
7,900,000
7,900,000
7,301,021
7,301,021
The only fixed asset investments are the Investment Properties, included at valuation.
4
.
Trade and other receivables
|
23/12/2018
23/12/2019
4,471
(2,500)
-
2,074
(426)
4,471
3 of 4
For the year ended 23 December 2019
Registered Investments Ltd.
Notes to the Financial Statements Continued
5
.
Trade and other payables
:
amounts falling due within one year
|
23/12/2018
23/12/2019
Amounts owed to group undertaking and undertaking in which the company
|
has a participating interest
|
6,997,202
6,841,702
Taxation and social security
|
50,927
71,821
7,048,129
6,913,523
Revaluation reserve at
24
December
2018
|
-
Revaluation of fixed assets
|
598,979
598,979
Revaluation reserve at
23
December
2019
|
Revaluation Reserve represents nominal gains or losses arising from regular revaluations.
During the year Allsop PLL were preparing a valuation of investment properties used in these accounts. This was invoiiced 24th January 2020 for approximately £20,000.
|
4 of 4