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Registered Number: 10181645
England

 

 

 


Abridged Accounts

for the year ended 31 March 2023

for

3S INVESTMENTS LTD

You consider that the company is exempt from an audit for the year ended 31 March 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.



....................................................
Sinden Thackeray Partnership
Suite 7, Beaufort House,
Beaufort Court
Sir Thomas Longley Road
Rochester
ME2 4FB
07 November 2023
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Investments 3 1,448,401    2,041,376 
1,448,401    2,041,376 
Current assets      
Debtors 495   
Cash at bank and in hand 10,883    90,682 
11,378    90,682 
Creditors: amount falling due within one year (1,320)   (5,481)
Net current assets 10,058    85,201 
 
Total assets less current liabilities 1,458,459    2,126,577 
Provisions for liabilities   (183,366)
Net assets 1,458,459    1,943,211 
 

Capital and reserves
     
Called up share capital 434,999    535,000 
Share premium account 163,919    163,919 
Fair Value Reserves 296,640    965,082 
Profit and loss account 562,901    279,210 
Shareholder's funds 1,458,459    1,943,211 
 


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 07 November 2023 and were signed on its behalf by:


-------------------------------
Andrei Dikouchine
Director
2
General Information
3S Investments Ltd is a private company, limited by shares, registered in England, registration number 10181645, registration address 59 The Lookout, Peacehaven, East Sussex, BN10 8AA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Fixed asset investments
Investments in subsidiaries and group undertakings are recognised at the fair value of the shares held, and cost where appropriate.
Other investments are recognised at cost. 
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees


Average number of employees during the year was 2 (2022 : 3).
3.

Investments

Cost Other investments other than loans   Investments in group undertakings   Total
  £   £   £
At 01 April 2022 351,733    1,689,643    2,041,376 
Additions 123,305      123,305 
Transfer to/from tangible fixed assets    
Disposals   (200,000)   (200,000)
Revaluations   (516,280)   (516,280)
At 31 March 2023 475,038    973,363    1,448,401 

4.

Fair Value Reserves

2023
£
  2022
£
Fair Value Reserve b/fwd 965,082    965,082 
Fair value of revaluation (668,442)  
296,640    965,082 

5.

Ultimate Controlling Party

Ultimate control of the company lays with Mr. A. Dikouchine, by virtue of his shareholdings.
6.

Dividends

During the year ending 31 March 2023 the Company conducted share repurchase of 52,040 shares (2022: 51,405 shares). Premium paid by the Company over the initial allotment prices for tendered shares of £50,000 (2022: £33,154) is treated as distribution to shareholder who participated in the tenders. In its annual accounts the Company records such premium as equivalent to dividends.
3