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REGISTERED NUMBER: 13903779 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

EARLY INVESTMENTS LIMITED

EARLY INVESTMENTS LIMITED (REGISTERED NUMBER: 13903779)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EARLY INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: Miss R Kerler
K F Phoon





REGISTERED OFFICE: The Old Casino
28 Fourth Avenue
Hove
BN3 2PJ





REGISTERED NUMBER: 13903779 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

EARLY INVESTMENTS LIMITED (REGISTERED NUMBER: 13903779)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,920 -
Investments 5 245,050 245,050
246,970 245,050

CURRENT ASSETS
Debtors 6 3,145,138 4,364,123
Cash at bank 6,393 109,507
3,151,531 4,473,630
CREDITORS
Amounts falling due within one year 7 3,508,057 4,774,304
NET CURRENT LIABILITIES (356,526 ) (300,674 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(109,556

)

(55,624

)

CAPITAL AND RESERVES
Called up share capital 198 198
Retained earnings (109,754 ) (55,822 )
(109,556 ) (55,624 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:




Miss R Kerler - Director



K F Phoon - Director


EARLY INVESTMENTS LIMITED (REGISTERED NUMBER: 13903779)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Early Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 2,338
At 29 February 2024 2,338
DEPRECIATION
Charge for year 418
At 29 February 2024 418
NET BOOK VALUE
At 29 February 2024 1,920

EARLY INVESTMENTS LIMITED (REGISTERED NUMBER: 13903779)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2023
and 29 February 2024 245,050
NET BOOK VALUE
At 29 February 2024 245,050
At 28 February 2023 245,050

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by associates 3,145,138 4,344,123
Other debtors - 20,000
3,145,138 4,364,123

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' loan accounts 3,506,434 4,772,864
Accrued expenses 1,623 1,440
3,508,057 4,774,304

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the period, Mr K Phoon & Miss R Kerler decreased their loan to the company. As at 29 February 2024, the company owed them £3,506,434 (2023: £4,772,864). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

9. RELATED PARTY DISCLOSURES

As at 29 February 2024, Jurassic Properties (Holdings) Limited owed the company £3,119,123 (2023: £4,344,123). All transactions were undertaken on a commercial arms length basis and any outstanding amounts are interest free and repayable on demand.

As at 29 February 2024, Early Investments Limited owed the company £1,015 All transactions were undertaken on a commercial arms length basis and any outstanding amounts are interest free and repayable on demand.

As at 29 February 2024, Nurtured Talent International Limited owed the company £25,000. All transactions were undertaken on a commercial arms length basis and any outstanding amounts are interest free and repayable on demand.

Mr K Phoon is a director of Jurassic Properties (Holdings) Limited, Jurassic Portfolios 1 Limited & Nurtured Talent International Limited

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Rikke Kerler & Kee Fatt Phoon.

This was by virtue of their 100% holding of the issued share capital.