IRIS Accounts Production v23.3.0.418 12003620 director 1.6.22 31.5.23 31.5.23 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh120036202022-05-31120036202023-05-31120036202022-06-012023-05-31120036202021-05-31120036202021-06-012022-05-31120036202022-05-3112003620ns10:Originalns15:EnglandWales2022-06-012023-05-3112003620ns14:PoundSterlingns10:Original2022-06-012023-05-3112003620ns10:Originalns10:Director12022-06-012023-05-3112003620ns10:Original2022-06-012023-05-3112003620ns10:Original2023-05-3112003620ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3112003620ns10:Originalns10:SmallEntities2022-06-012023-05-3112003620ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3112003620ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3112003620ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3112003620ns10:Originalns10:FullAccounts2022-06-012023-05-3112003620ns10:Original2021-06-012022-05-3112003620ns10:Originalns10:OrdinaryShareClass12022-06-012023-05-3112003620ns10:Originalns10:RegisteredOffice2022-06-012023-05-3112003620ns10:Original2022-05-3112003620ns10:Originalns5:CurrentFinancialInstruments2023-05-3112003620ns10:Originalns5:CurrentFinancialInstruments2022-05-3112003620ns10:Originalns5:Non-currentFinancialInstruments2023-05-3112003620ns10:Originalns5:Non-currentFinancialInstruments2022-05-3112003620ns5:ShareCapitalns10:Original2023-05-3112003620ns5:ShareCapitalns10:Original2022-05-3112003620ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3112003620ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3112003620ns10:Originalns5:LandBuildings2022-05-3112003620ns10:Originalns5:LandBuildings2023-05-3112003620ns10:Originalns5:LandBuildings2022-05-3112003620ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3112003620ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-3112003620ns10:Originalns10:OrdinaryShareClass12023-05-31
REGISTERED NUMBER: 12003620 (England and Wales)


Financial Statements for the Year Ended 31 May 2023

for

Friends Investments Ltd

Friends Investments Ltd (Registered number: 12003620)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Friends Investments Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTOR: Mr Ritesh Rai





REGISTERED OFFICE: 336 Locking Road
Weston Super Mare
BS22 8PD





REGISTERED NUMBER: 12003620 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Friends Investments Ltd (Registered number: 12003620)

Statement of Financial Position
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 231,014 231,014

CURRENT ASSETS
Debtors 5 13,000 -
Cash at bank and in hand 2,439 10,298
15,439 10,298
CREDITORS
Amounts falling due within one year 6 87,976 84,331
NET CURRENT LIABILITIES (72,537 ) (74,033 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

158,477

156,981

CREDITORS
Amounts falling due after more than one
year

7

154,658

155,220
NET ASSETS 3,819 1,761

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 3,719 1,661
SHAREHOLDERS' FUNDS 3,819 1,761

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Friends Investments Ltd (Registered number: 12003620)

Statement of Financial Position - continued
31 May 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 24 October 2023 and were signed by:





Mr Ritesh Rai - Director


Friends Investments Ltd (Registered number: 12003620)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Friends Investments Ltd 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.

Turnover
Revenue 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.

3. EMPLOYEES AND DIRECTORS

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

4. PROPERTY, PLANT AND EQUIPMENT
Land and
buildings
£   
COST
At 1 June 2022
and 31 May 2023 231,014
NET BOOK VALUE
At 31 May 2023 231,014
At 31 May 2022 231,014

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 13,000 -

Friends Investments Ltd (Registered number: 12003620)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 6,493 2,941
Taxation and social security 483 390
Other creditors 81,000 81,000
87,976 84,331

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans 103,658 104,220
Other creditors 51,000 51,000
154,658 155,220

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
100 Share capital 1 £1 100 100