Poise Investments Limited


FINANCIAL STATEMENTS


for the period ended 30th June 2023



Poise Investments Limited

CONTENTS

for the period ended 30th June 2023







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

Poise Investments Limited

Company No. 14162900

STATEMENT OF FINANCIAL POSITION

as at 30th June 2023

2023
Note££
FIXED ASSETS
Financial assets2500000
2500000
CURRENT ASSETS
Cash at bank and in hand38100
38100
CURRENT LIABILITIES
Creditors: amounts falling due
within one year4638500
NET CURRENT LIABILITIES(600400)
TOTAL ASSETS LESS CURRENT LIABILITIES1899600
 
Creditors: amounts falling due
after more than one year51599500
 
NET ASSETS300100
 
CAPITAL AND RESERVES
Called up share capital100
Retained earnings300000
SHAREHOLDERS FUNDS300100

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the period ended 30th June 2023 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and 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.

Approved by the Board on 1 September 2023


J H Silk

Director

Company Number 14162900 (England)

Poise Investments Limited

NOTES TO THE ACCOUNTS

for the period ended 30th June 2023


1   Statutory information

Poise Investments Limited is a private company limited by shares and registered under company number 14162900 in England. Its registered office address is 12 Hatherley Road, Sidcup, Kent DA14 4DT.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

3   Employee information

The average number of employees during the accounting period was 2.

4   Creditors: amounts falling due within one year2023
£
 
Loans and Overdrafts450000
Amounts owed to group undertakings and undertakings in which the
 Company has a participating interest150500
Other creditors38000
638500

5   Creditors: amounts falling due after one year2023
£
 
Loans and Overdrafts1599500
1599500

6   Loans2023
£
Analysis of maturity of debt:
 
Within one year450000
Between one and five years1599500
2049500

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