Registered number
08410680
REMIS INVESTMENTS LTD
Filleted Accounts
28 February 2023
REMIS INVESTMENTS LTD
Registered number: 08410680
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 3,900 2,669
Investments 4 132,806 114,476
136,706 117,145
Current assets
Debtors 5 6,216 20,046
Cash at bank and in hand 9,382 19,442
15,598 39,488
Creditors: amounts falling due within one year 6 (16,975) (25,279)
Net current (liabilities)/assets (1,377) 14,209
Total assets less current liabilities 135,329 131,354
Creditors: amounts falling due after more than one year 7 (24,067) (30,904)
Net assets 111,262 100,450
Capital and reserves
Called up share capital 1 1
Profit and loss account 111,261 100,449
Shareholders' funds 111,262 100,450
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Mistry
Director
Approved by the board on 23 November 2023
REMIS INVESTMENTS LTD
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% Reducing Balance Method
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Plant and machinery etc
£ £
Cost
At 1 March 2022 6,296 6,296
Additions 2,531 2,531
At 28 February 2023 8,827 8,827
Depreciation
At 1 March 2022 3,627 3,627
Charge for the year 1,300 1,300
At 28 February 2023 4,927 4,927
Net book value
At 28 February 2023 3,900 3,900
At 28 February 2022 2,669 2,669
4 Investments
Other Other
investments investments
£ £
Cost
At 1 March 2022 114,476 114,476
Additions 33,330 33,330
Disposals (15,000) (15,000)
At 28 February 2023 132,806 132,806
5 Debtors 2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 5,962 20,000
Other debtors 254 46
6,216 20,046
6 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 16,975 25,279
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 24,067 30,904
8 Other information
REMIS INVESTMENTS LTD is a private company limited by shares and incorporated in England. Its registered office is:
71-75 Shelton Street
Covent Garden
London
WC2 9LQ
REMIS INVESTMENTS LTD 08410680 false 2022-03-01 2023-02-28 2023-02-28 VT Final Accounts April 2022 M Mistry No description of principal activity 08410680 2021-03-01 2022-02-28 08410680 core:WithinOneYear 2022-02-28 08410680 core:AfterOneYear 2022-02-28 08410680 core:ShareCapital 2022-02-28 08410680 core:RetainedEarningsAccumulatedLosses 2022-02-28 08410680 2022-03-01 2023-02-28 08410680 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 08410680 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 08410680 bus:Director40 2022-03-01 2023-02-28 08410680 2 2022-03-01 2023-02-28 08410680 core:PlantMachinery 2022-03-01 2023-02-28 08410680 countries:England 2022-03-01 2023-02-28 08410680 bus:FRS102 2022-03-01 2023-02-28 08410680 bus:FullAccounts 2022-03-01 2023-02-28 08410680 2023-02-28 08410680 core:WithinOneYear 2023-02-28 08410680 core:AfterOneYear 2023-02-28 08410680 core:ShareCapital 2023-02-28 08410680 core:RetainedEarningsAccumulatedLosses 2023-02-28 08410680 core:PlantMachinery 2023-02-28 08410680 core:AdditionsToInvestments 2023-02-28 08410680 core:DisposalsRepaymentsInvestments 2023-02-28 08410680 2022-02-28 08410680 core:PlantMachinery 2022-02-28 iso4217:GBP xbrli:pure