Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-31truetrue2022-02-01falseProperty Investment32The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05894816 2022-02-01 2023-01-31 05894816 2021-02-01 2022-01-31 05894816 2023-01-31 05894816 2022-01-31 05894816 c:Director1 2022-02-01 2023-01-31 05894816 d:CurrentFinancialInstruments 2023-01-31 05894816 d:CurrentFinancialInstruments 2022-01-31 05894816 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 05894816 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 05894816 d:ShareCapital 2023-01-31 05894816 d:ShareCapital 2022-01-31 05894816 d:RetainedEarningsAccumulatedLosses 2023-01-31 05894816 d:RetainedEarningsAccumulatedLosses 2022-01-31 05894816 c:FRS102 2022-02-01 2023-01-31 05894816 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 05894816 c:FullAccounts 2022-02-01 2023-01-31 05894816 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 05894816 6 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure

Registered number: 05894816









REISS INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

 
REISS INVESTMENTS LIMITED
REGISTERED NUMBER: 05894816

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
13,117
1

Current asset investments
 5 
1,254,408
-

  
1,267,525
1

Creditors: amounts falling due within one year
 6 
(1,266,883)
-

Net current assets
  
 
 
642
 
 
1

Total assets less current liabilities
  
642
1

  

Net assets
  
642
1


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
641
-

  
642
1

Page 1

 
REISS INVESTMENTS LIMITED
REGISTERED NUMBER: 05894816
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2023

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 year 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 income and retained earnings 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 by: 




D A Reiss
Director

Date: 9 November 2023

The notes on pages 3 to 5 form part of these financial statements.
Page 2

 
REISS INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

The principal activity of Reiss Investments Limited ("the Company") is that of investment.
The Company is a private company limited by shares and is incorporated in England and Wales.
The registered office is First Floor, White Lion House, 64a Highgate High Street, London, N6 5HX.

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

Going concern

The financial statements have been prepared on the going concern basis, which assumes that the Company will continue to trade for the foreseeable future, being a period of at least twelve months from the date of approval of these financial statements, and will be able to meet its debts as they fall due.
The directors have reviewed forecasts and have a reasonable expectation that the Company has adequate resources to continue trading as a going concern for the foreseeable future.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover comprises of interest income generated from the Company's investing activities, recognised at the point the Company  has earned a right to the income.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
REISS INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.5

Taxation

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 reporting 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 reporting 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 reporting date.

 
2.6

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.7

Financial instruments

The company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to and from related parties.
(i) Financial Assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at market rate of interest.
(ii) Financial Liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt Instrument is measured at the present value of the future payments discounted at a market rate of interest.

Page 4

 
REISS INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 2).


4.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
13,116
-

Called up share capital not paid
1
1

13,117
1



5.


Current asset investments

2023
2022
£
£

Unlisted investments
1,254,408
-

1,254,408
-



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
150
-

Other creditors
1,250,000
-

Accruals and deferred income
16,733
-

1,266,883
-



7.


Related party transactions

Included within other creditors are amounts due to a director of the company of £1,000,000 (2022: nil). Also included within other creditors are amounts due to a trust controlled by two directors of the company totalling £250,000 (2022: nil). 

 
Page 5