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Registered Number: 13113317
England and Wales

 

 

 

CURIOUS FAMILY INVESTMENTS LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
Director Andrew Stephen Cureton
Registered Number 13113317
Registered Office Forest House
Bishops Down Park Road
Tunbridge Wells
Kent
TN4 8XS
Accountants OMB Tax Limited
Unit 10, Clayfield Mews
Newcomen Road
Tunbridge Wells
TN4 9PA
Secretary Elizabeth Jayne Cureton
1
You consider that the Company is exempt from an audit for the year ended 31 March 2024.

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 that financial year.

In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, 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.


OMB Tax Limited
Unit 10, Clayfield Mews
Newcomen Road
Tunbridge Wells
TN4 9PA
31 July 2024
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 4 2,304,482    2,305,273 
Investments in Subsidiary 5 284,525    284,275 
2,589,007    2,589,548 
Current assets      
Investments 6 32,983    7,983 
Cash at bank and in hand 17,718    13,916 
50,701    21,899 
Creditors: amount falling due within one year 7 (975)   (3,577)
Net current assets 49,726    18,322 
 
Total assets less current liabilities 2,638,733    2,607,870 
Creditors: amount falling due after more than one year 8 (2,257,109)   (2,246,315)
Net assets 381,624    361,555 
 

Capital and reserves
     
Called up share capital 9 420,000    420,000 
Reserves 10 114,471    114,471 
Profit and loss account (152,847)   (172,916)
Shareholders' funds 381,624    361,555 
 


For the year ended 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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. In accordance with Section 444 of the Companies Act 2006, the profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 31 July 2024 and were signed by:


-------------------------------
Andrew Stephen Cureton
Director
3
General Information
Curious Family Investments Limited is a private company, limited by shares, registered in England and Wales, under 13113317, at Forest House, Bishops Down Park Road, Tunbridge Wells, Kent, TN4 8XS.  
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 (under Part 1A), the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006.

Basis of preparation
The financial statements are presented in £ Sterling (which is the operational currency of the Company), on the going concern basis under the historical cost convention in accordance with the accounting policies.

Group accounts
The company is a parent company subject to the small companies regime. The Company and its subsidiary comprise a small group. The Company has, therefore, taken advantage of the option provided by section 398 of the Companies Act 2006 not to prepare group accounts.
Going concern basis
 In preparing the financial statements, the director is required to make an assessment of the ability of the Company to continue as a going concern. The director has considered all available evidence for the Company which covers the 12 months from the date of signing these financial statements. The director has paid particular attention to likely cashflow requirements and future availability of adequate cashflow to the Company.

On the basis of this consideration, the director is confident that the Company has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. In reaching this conclusion he is satisfied that no material uncertainty exists. As a result of the above, the director concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements and that no material uncertainty exists in reaching this conclusion.
Turnover
Turnover comprises the rents received from the investment properties held.  
Taxation
Taxation represents the sum of corporation tax currently payable recognised in the profit and loss account.   No provision is made for deferred tax.  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.
Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 15% Reducing Balance
Investment properties
Investment properties are properties held to earn rentals and/or capital appreciation.  They are included in the balance sheet at their open market [last determined by the director on 31 March 2023].  Any resulting aggregate surplus is transferred to a revaluation reserve.  No depreciation is provided for which accords with the Financial Reporting Standard for Smaller Entities (effective January 2015), however, it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated.  In the opinion of the director, compliance with the standard is necessary for the balance sheet to give a true and fair view.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any diminution in value.
Current asset investments
Current asset investments are stated at the lower of cost and net realisable value.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Indebtedness

The caption "Creditors: amount falling due after more than one year" of £2,257,109 includes:

£1,624,329 owed to Foundation Mortgages, not repayable by instalments, on an interest-only basis with interest charged monthly, wholly repayable after more than 5 years, secured on the investment property to which the indebtedness relates. 

£600,000 owed to Mirabaud Bank on a revolving credit facility, not repayable by instalments, on an interest-only basis with interest charged quarterly. 

4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Investment properties   Total
  £   £   £
At 01 April 2023 7,635    2,300,000    2,307,635 
Additions    
Disposals    
At 31 March 2024 7,635    2,300,000    2,307,635 
Depreciation
At 01 April 2023 2,362      2,362 
Charge for year 791      791 
On disposals    
At 31 March 2024 3,153      3,153 
Net book values
Closing balance as at 31 March 2024 4,482    2,300,000    2,304,482 
Opening balance as at 01 April 2023 5,273    2,300,000    2,305,273 


5.

Investments in Subsidiary

Cost Investments in group undertakings   Total
  £   £
At 01 April 2023 284,275    284,275 
Additions 250    250 
Transfer to/from tangible fixed assets  
Disposals  
At 31 March 2024 284,525    284,525 

6.

Investments

2024
£
  2023
£
DataTronic Holdings 25,000   
Outsized Ventures 7,983    7,983 
32,983    7,983 

7.

Creditors: amount falling due within one year

2024
£
  2023
£
Other Creditors 975    3,577 
975    3,577 

8.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Other Creditors 2,257,109    2,246,315 
2,257,109    2,246,315 

9.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
70,000 Class A shares of £1.00 each 70,000    70,000 
70,000 Class B shares of £1.00 each 70,000    70,000 
70,000 Class C shares of £1.00 each 70,000    70,000 
70,000 Class D shares of £1.00 each 70,000    70,000 
70,000 Class E shares of £1.00 each 70,000    70,000 
70,000 Class F shares of £1.00 each 70,000    70,000 
420,000    420,000 

10.

Reserves

2024
£
  2023
£
Revaluation Reserve 114,471    114,471 
114,471    114,471 

11.

Group Undertakings

The Company controls 100% of the issued share capital in Curiouser Minds Limited (incorporated in England & Wales on 3 December 2021 with company number 13781707).   The subsidiary was advanced £250 in the current year, consequently, the Company is owed £284,425 at the balance sheet date. 
4