Caseware UK (AP4) 2021.0.152 2021.0.152 2021-11-302021-11-302021-04-01falseProperty investment22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00619801 2021-04-01 2021-11-30 00619801 2020-04-01 2021-03-31 00619801 2021-11-30 00619801 2021-03-31 00619801 c:Director2 2021-04-01 2021-11-30 00619801 d:FreeholdInvestmentProperty 2021-11-30 00619801 d:FreeholdInvestmentProperty 2021-03-31 00619801 d:CurrentFinancialInstruments 2021-11-30 00619801 d:CurrentFinancialInstruments 2021-03-31 00619801 d:CurrentFinancialInstruments d:WithinOneYear 2021-11-30 00619801 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 00619801 d:ShareCapital 2021-11-30 00619801 d:ShareCapital 2021-03-31 00619801 d:RevaluationReserve 2021-11-30 00619801 d:RevaluationReserve 2021-03-31 00619801 d:InvestmentPropertiesRevaluationReserve 2021-04-01 2021-11-30 00619801 d:RetainedEarningsAccumulatedLosses 2021-04-01 2021-11-30 00619801 d:RetainedEarningsAccumulatedLosses 2021-11-30 00619801 d:RetainedEarningsAccumulatedLosses 2021-03-31 00619801 d:OtherDeferredTax 2021-11-30 00619801 d:OtherDeferredTax 2021-03-31 00619801 c:FRS102 2021-04-01 2021-11-30 00619801 c:AuditExempt-NoAccountantsReport 2021-04-01 2021-11-30 00619801 c:FullAccounts 2021-04-01 2021-11-30 00619801 c:PrivateLimitedCompanyLtd 2021-04-01 2021-11-30 00619801 2 2021-04-01 2021-11-30 iso4217:GBP xbrli:pure

Registered number: 00619801









EXTENDED INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 NOVEMBER 2021

 
EXTENDED INVESTMENTS LIMITED
REGISTERED NUMBER: 00619801

BALANCE SHEET
AS AT 30 NOVEMBER 2021

30 November
30 November
31 March
31 March
2021
2021
2021
2021
Note
£
£
£
£

Fixed assets
  

Investment property
 4 
2,770,000
2,770,000

  
2,770,000
2,770,000

Current assets
  

Debtors: amounts falling due within one year
 5 
21,637
22,177

Cash at bank and in hand
 6 
58,630
1,558

  
80,267
23,735

Creditors: amounts falling due within one year
 7 
(59,714)
(54,932)

Net current assets/(liabilities)
  
 
 
20,553
 
 
(31,197)

Total assets less current liabilities
  
2,790,553
2,738,803

Provisions for liabilities
  

Deferred tax
 8 
(670,080)
(509,123)

  
 
 
(670,080)
 
 
(509,123)

Net assets
  
2,120,473
2,229,680


Capital and reserves
  

Called up share capital 
  
20
20

Revaluation reserve
 9 
2,010,239
2,170,471

Profit and loss account
 9 
110,214
59,189

  
2,120,473
2,229,680


Page 1

 
EXTENDED INVESTMENTS LIMITED
REGISTERED NUMBER: 00619801
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2021

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 June 2022.


S Mattey
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
EXTENDED INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2021

1.


General information

Extended Investments Limited is a private company, limited by shares and incorporated in England and Wales, United Kingdom, with a registration number 00619801. The address of the registered office is Lawrence House, Goodwyn Avenue, Mill Hill, London, NW7 3RH. The principal activity of the company is that of property investment. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue represents the amounts receivable in respect of rental income for the year. 

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 3

 
EXTENDED INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2021

2.Accounting policies (continued)

 
2.5

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate.
Sums received for lease extensions have been deducted from the original cost where the company owns the relevant freehold reversions. 

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2021 - 2).

Page 4

 
EXTENDED INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2021

4.


Investment property





Freehold investment property

£



Valuation


At 1 April 2021
2,770,000



At 30 November 2021
2,770,000

The 2021 valuations were made by the directors, on an open market value for existing use basis.







5.


Debtors

30 November
31 March
2021
2021
£
£


Trade debtors
-
540

Prepayments and accrued income
21,637
21,637

21,637
22,177



6.


Cash and cash equivalents

30 November
31 March
2021
2021
£
£

Cash at bank and in hand
58,630
1,558

58,630
1,558


Page 5

 
EXTENDED INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2021

7.


Creditors: Amounts falling due within one year

30 November
31 March
2021
2021
£
£

Corporation tax
23,510
8,948

Other creditors
30,000
30,000

Accruals and deferred income
6,204
15,984

59,714
54,932



8.


Deferred taxation






2021


£






At beginning of year
(509,123)


Utilised in year
(160,957)



At end of year
(670,080)

The provision for deferred taxation is made up as follows:

30 November
31 March
2021
2021
£
£


Investment property revaluations
(670,080)
(509,123)

(670,080)
(509,123)


9.


Reserves

Investment property revaluation reserve

The investment property revaluation reserve represents cumulative effects of fair value adjustments on investment properties net of deferred tax and other adjustments.

Profit and loss account

The profit and loss account represents cumulative distributable profits and losses net of dividends and other adjustments. 

Page 6

 
EXTENDED INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2021

10.


Controlling party

The immediate parent company is Chappell Investment Properties Limited, a company incorporated in England and Wales. 
The ultimate parent company is Orchidbase Limited, a company incorporated in England and Wales.  

 
Page 7