Registration number:
East Thames Investments (2015) Limited
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East Thames Investments (2015) Limited
Contents
Company Information |
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Director's Report |
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Statement of Income and Retained Earnings |
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Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
East Thames Investments (2015) Limited
Company Information
Director |
B D Dove-Seymour |
Registered office |
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Accountants |
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East Thames Investments (2015) Limited
Director's Report for the Year Ended 31 December 2023
The director presents his report and the financial statements for the year ended 31 December 2023.
Directors of the company
The directors who held office during the year were as follows:
Small companies provision statement
This report has 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.
Approved by the Board on
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B D Dove-Seymour
Director
East Thames Investments (2015) Limited
Statement of Income and Retained Earnings for the Year Ended 31 December 2023
Note |
2023 |
2022 |
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Turnover |
- |
- |
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Administrative expenses |
( |
( |
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Operating loss |
( |
( |
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Other interest receivable and similar income |
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Amounts written off investments |
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7,249,164 |
842,548 |
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Profit before tax |
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Taxation |
( |
( |
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Profit for the financial year |
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Retained earnings brought forward |
5,300,375 |
4,476,815 |
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Retained earnings carried forward |
12,508,214 |
5,300,375 |
East Thames Investments (2015) Limited
Statement of Financial Position as at 31 December 2023
Note |
2023 |
2022 |
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Fixed assets |
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Investments |
- |
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Other financial assets |
10,432,050 |
3,317,239 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
300,001 |
300,001 |
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Retained earnings |
12,508,214 |
5,300,375 |
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Shareholders' funds |
12,808,215 |
5,600,376 |
For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
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 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
Approved and authorised by the
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B D Dove-Seymour
Director
Company registration number: 07095069
East Thames Investments (2015) Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
The principal activity of the company during the year was that of an investment holding company.
Accounting policies |
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.
Summary of significant accounting policies
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.
Group accounts not prepared
Going concern
The company had net assets at 31 December 2023 amounting to £12,808,215.
As an investment holding company, the company has few fixed overheads and no significant working capital requirements.
Having made sufficient enquiries, and based upon the above, the directors have a reasonable expectation that the company has adequate resources to continue operating in the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial accounts.
East Thames Investments (2015) Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company during the year, was
East Thames Investments (2015) Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Investments |
2023 |
2022 |
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Investments in subsidiaries |
- |
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Subsidiaries |
£ |
Cost or valuation |
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At 1 January 2023 |
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Disposals |
( |
At 31 December 2023 |
- |
Provision |
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At 1 January 2023 |
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Eliminated on disposals |
( |
At 31 December 2023 |
- |
Carrying amount |
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At 31 December 2023 |
- |
At 31 December 2022 |
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East Thames Investments (2015) Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Other financial assets |
Other investments at cost less impairment |
Total |
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Associated undertakings |
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Cost or valuation |
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At 1 January 2023 and 31 December 2023 |
10,432,050 |
10,432,050 |
Impairment |
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At 1 January 2023 |
7,114,811 |
7,114,811 |
Impairment reversal |
(7,114,811) |
(7,114,811) |
At 31 December 2023 |
- |
- |
Carrying amount |
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At 31 December 2023 |
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10,432,050 |
At 1 January 2023 |
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3,317,239 |
Debtors |
2023 |
2022 |
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Amounts owed by group undertakings |
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Other debtors |
- |
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Creditors |
Creditors: amounts falling due within one year
Note |
2023 |
2022 |
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Trade creditors |
- |
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Amounts owed to group undertakings |
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- |
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Taxation and social security |
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Other creditors |
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East Thames Investments (2015) Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Related party transactions |
Exemption is taken under FRS 102 paragraph 1AC.35 not to disclose transactions or amounts falling due with companies wholly owned within the group.