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REGISTERED NUMBER: 03053800 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 25 MARCH 2023

FOR

FOCUSED INVESTMENTS LIMITED

FOCUSED INVESTMENTS LIMITED (REGISTERED NUMBER: 03053800)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 25 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FOCUSED INVESTMENTS LIMITED

COMPANY INFORMATION
for the Year Ended 25 MARCH 2023







DIRECTOR: N G Tenray





REGISTERED OFFICE: Chapel Hill Industrial Estate
Chapel Hill
Longridge
Preston
Lancashire
PR3 3BU





REGISTERED NUMBER: 03053800 (England and Wales)





ACCOUNTANTS: Whitehead & Howarth
327 Clifton Drive South
Lytham St Annes
Lancashire
FY8 1HN

FOCUSED INVESTMENTS LIMITED (REGISTERED NUMBER: 03053800)

BALANCE SHEET
25 MARCH 2023

25.3.23 25.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 826,594 846,166

CURRENT ASSETS
Debtors 5 5,531 787
Cash at bank 199,339 115,275
204,870 116,062
CREDITORS
Amounts falling due within one year 6 225,525 202,196
NET CURRENT LIABILITIES (20,655 ) (86,134 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

805,939

760,032

CREDITORS
Amounts falling due after more than one
year

7

(140,322

)

(140,463

)

PROVISIONS FOR LIABILITIES (1,342 ) (1,810 )
NET ASSETS 664,275 617,759

CAPITAL AND RESERVES
Called up share capital 8 5,000 5,000
Revaluation reserve 9 474,310 474,310
Retained earnings 184,965 138,449
SHAREHOLDERS' FUNDS 664,275 617,759

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 25 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 25 March 2023 in accordance with Section 476 of the Companies Act 2006.

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.

FOCUSED INVESTMENTS LIMITED (REGISTERED NUMBER: 03053800)

BALANCE SHEET - continued
25 MARCH 2023


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 director and authorised for issue on 17 October 2023 and were signed by:





N G Tenray - Director


FOCUSED INVESTMENTS LIMITED (REGISTERED NUMBER: 03053800)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 25 MARCH 2023

1. STATUTORY INFORMATION

Focused Investments Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

FOCUSED INVESTMENTS LIMITED (REGISTERED NUMBER: 03053800)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 25 MARCH 2023

4. TANGIBLE FIXED ASSETS
Freehold Motor Computer
property vehicles equipment Totals
£    £    £    £   
COST OR VALUATION
At 26 March 2022
and 25 March 2023 844,988 36,566 2,694 884,248
DEPRECIATION
At 26 March 2022 9,508 26,218 2,356 38,082
Charge for year 16,900 2,587 85 19,572
At 25 March 2023 26,408 28,805 2,441 57,654
NET BOOK VALUE
At 25 March 2023 818,580 7,761 253 826,594
At 25 March 2022 835,480 10,348 338 846,166

Cost or valuation at 25 March 2023 is represented by:

Freehold Motor Computer
property vehicles equipment Totals
£    £    £    £   
Valuation in 2021 369,573 36,566 2,694 408,833
Cost 475,415 - - 475,415
844,988 36,566 2,694 884,248

If freehold property had not been revalued they would have been included at the following historical cost:

25.3.23 25.3.22
£    £   
Cost 280,427 280,427
Aggregate depreciation 34,630 34,630

Freehold property were valued on an open market basis on 27 April 2020 by Mason & Owen Partners Ltd .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
25.3.23 25.3.22
£    £   
Other debtors 2,613 787
VAT 2,918 -
5,531 787

FOCUSED INVESTMENTS LIMITED (REGISTERED NUMBER: 03053800)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 25 MARCH 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
25.3.23 25.3.22
£    £   
Bank loans and overdrafts - 10,838
Trade creditors 917 1,545
Tax 23,659 8,316
VAT - 9,042
Other creditors 121,799 93,305
Directors' current accounts 78,220 78,220
Accruals and deferred income 930 930
225,525 202,196

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
25.3.23 25.3.22
£    £   
Bank loans more 5 yr by instal 140,322 140,463

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 140,322 140,463

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 25.3.23 25.3.22
value: £    £   
5,000 Ordinary 1 5,000 5,000

9. RESERVES
Revaluation
reserve
£   
At 26 March 2022
and 25 March 2023 474,310

10. RELATED PARTY DISCLOSURES

At the end of the year the company owed the directors £78,220 (2022 £78,220). Obas Uk Ltd, a company under common ownership, was owed £121,460 (2022 £87,460 ) at the end of the year.