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Company Registration No. NI644178 (Northern Ireland)
3D Imito Ltd Unaudited accounts for the year ended 28 February 2023
3D Imito Ltd Unaudited accounts Contents
Page
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3D Imito Ltd Company Information for the year ended 28 February 2023
Director
Yulia Giluch
Company Number
NI644178 (Northern Ireland)
Registered Office
Unit 4a Channel Wharf 21 Old Channel Road Belfast Co. Antrim BT3 9DE Northern Ireland
Accountants
Gray + Press Accountants Limited Unit 4A Channel Wharf 21 Old Channel Road Belfast BT3 9DE
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3D Imito Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
1,855,175 
1,855,175 
Current assets
Debtors
- 
82 
Cash at bank and in hand
5,770 
3,382 
5,770 
3,464 
Creditors: amounts falling due within one year
(1,719,615)
(1,770,044)
Net current liabilities
(1,713,845)
(1,766,580)
Net assets
141,330 
88,595 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
141,230 
88,495 
Shareholders' funds
141,330 
88,595 
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 November 2023 and were signed on its behalf by
Yulia Giluch Director Company Registration No. NI644178
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3D Imito Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
3D Imito Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI644178. The registered office is Unit 4a Channel Wharf, 21 Old Channel Road, Belfast, Co. Antrim, BT3 9DE, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Cash Flow Statement because it is classified as a small company.
Investment property
Investment property is measured at fair value with changes in fair value recognised in the Profit and Loss Account. Revalued investment properties are not depreciated or amortised.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
Trade and other creditors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
4
Investment property
2023 
£ 
Fair value at 1 March 2022
1,855,175 
At 28 February 2023
1,855,175 
Investment property is carried at fair value determined annually by the directors. There has not been a third party valuation carried out on the property. The directors are of the opinion that the fair value is reflective of the value which could be realised in the event of a sale.
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3D Imito Ltd Notes to the Accounts for the year ended 28 February 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
82 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
12,699 
14,551 
Other creditors
88,124 
88,282 
Loans from directors
1,617,369 
1,665,869 
Accruals
1,423 
1,342 
1,719,615 
1,770,044 
7
Transactions with related parties
Included in other creditors are amounts due to other related parties of £88,124 (2022: £88,282).
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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