Contemi Solutions Limited 05178418 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of a dormant company. Digita Accounts Production Advanced 6.30.9574.0 true true true 05178418 2023-01-01 2023-12-31 05178418 2023-12-31 05178418 core:CurrentFinancialInstruments 2023-12-31 05178418 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 05178418 bus:SmallEntities 2023-01-01 2023-12-31 05178418 bus:Audited 2023-01-01 2023-12-31 05178418 bus:FullAccounts 2023-01-01 2023-12-31 05178418 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05178418 bus:RegisteredOffice 2023-01-01 2023-12-31 05178418 bus:Director1 2023-01-01 2023-12-31 05178418 bus:Director2 2023-01-01 2023-12-31 05178418 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05178418 core:AllAssociates 2023-01-01 2023-12-31 05178418 1 2023-01-01 2023-12-31 05178418 countries:EnglandWales 2023-01-01 2023-12-31 05178418 2022-01-01 2022-12-31 05178418 2022-12-31 05178418 core:CurrentFinancialInstruments 2022-12-31 05178418 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 05178418

Contemi Solutions Limited

Annual Report and Financial Statements

for the Year Ended 31 December 2023

 

Contemi Solutions Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 4

 

Contemi Solutions Limited

Company Information

Directors

Mr G Subramanium

Mr A J Barker

Registered office

Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

Auditors

Wenn Townsend
Chartered Accountants & Statutory Auditors
30 St Giles'
Oxford
OX1 3LE

 

Contemi Solutions Limited

(Registration number: 05178418)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

720

1,102

Cash at bank and in hand

 

1,052

614

 

1,772

1,716

Creditors: Amounts falling due within one year

5

(32,954)

(27,434)

Net liabilities

 

(31,182)

(25,718)

Capital and reserves

 

Called up share capital

14

14

Share premium reserve

82,826

82,826

Retained earnings

(114,022)

(108,558)

Shareholders' deficit

 

(31,182)

(25,718)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 July 2024 and signed on its behalf by:
 

Mr G Subramanium
Director

Mr A J Barker
Director

 
     
 

Contemi Solutions Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The group has considerable financial resources. The directors believe that the group is well placed to manage its business risks successfully despite the current uncertain economic outlook. The directors have considered the level of reserves held by the company and of the company's expected level of income and expenditure for 12 months from authorising these financial statements. The directors have a reasonable expectation that the company and the group have adequate resources to continue in operational existence for the foreseeable future. The directors have concluded that the forecast income and expenditure combined with the level of reserves held, are sufficient for the company to continue as a going concern and the financial statements have been prepared on this basis.

Audit report

The Independent Auditors' Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 15 July 2024 was Lee Baker FCA, who signed for and on behalf of Wenn Townsend.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

 

Contemi Solutions Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

4

Debtors

2023
£

2022
£

Prepayments

720

782

Other debtors

-

320

720

1,102

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

720

-

Accruals and deferred income

2,350

1,350

Amounts owed to group undertakings and undertakings in which the company has a participating interest

29,884

26,084

32,954

27,434

6

Related party transactions

Summary of transactions with all associates


At the year end the following amounts were due to related parties:-

Contemi UK Limited £15,902 (2022 - £15,862)
Contemi Solutions AS £5,150 (2022 - £5,150)
3P Contemi Holdings Pte. Ltd. £8,832 (2022 - £5,072)

 

7

Parent and ultimate parent undertaking

The company's immediate parent is Contemi Holding AS, incorporated in Norway. These financial statements are available upon request from Bronoysund Register Centre.

 The ultimate parent is Triple P Insurance Holdings Pte. Ltd., incorporated in Singapore.