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Registration number: 14538068

Threesixty Investco 7 Limited

Annual Report and Unaudited Financial Statements

for the Period from 13 December 2022 to 31 March 2024

 

Threesixty Investco 7 Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Threesixty Investco 7 Limited

(Registration number: 14538068)
Balance Sheet as at 31 March 2024

Note

2024
£

Fixed assets

 

Investments

4

2,235,000

Current assets

 

Debtors

5

1

Total assets less current liabilities

 

2,235,001

Creditors: Amounts falling due after more than one year

6

(2,235,000)

Net assets

 

1

Capital and reserves

 

Called up share capital

1

Shareholders' funds

 

1

For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their 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.

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 13 September 2024 and signed on its behalf by:
 

Mr S Ling
Director

   
     
 

Threesixty Investco 7 Limited

Notes to the Unaudited Financial Statements for the Period from 13 December 2022 to 31 March 2024

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:
C/O Cooper Drainage Supplies Limited
Fromebridge Lane
Whitminster
Gloucester
Gloucestershire
GL2 7PD

These financial statements were authorised for issue by the Board on 13 September 2024.

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.

The financial statements are prepared in sterling, which is the functional currency of the company, and rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

Threesixty Investco 7 Limited

Notes to the Unaudited Financial Statements for the Period from 13 December 2022 to 31 March 2024

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.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period was 3.

4

Investments

2024
£

Investments in subsidiaries

2,235,000

Subsidiaries

£

Cost or valuation

Additions

2,235,000

Carrying amount

At 31 March 2024

2,235,000

 

Threesixty Investco 7 Limited

Notes to the Unaudited Financial Statements for the Period from 13 December 2022 to 31 March 2024

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

Subsidiary undertakings

Cooper Drainage Supplies Limited

Fromebridge Lane,Whitminster, Gloucester, GL2 7PD

England

Ordinary

100%

5

Debtors

Note

2024
£

Amounts owed by related parties

7

1

 

1

6

Creditors

2024
£

Due after one year

Deferred income

433,323

Amounts owed to group undertakings and other participating interests

1,801,677

2,235,000

 

Threesixty Investco 7 Limited

Notes to the Unaudited Financial Statements for the Period from 13 December 2022 to 31 March 2024

7

Related party transactions

Summary of transactions with subsidiaries

Cooper Drainage Supplies Limited
 The loan is interest free and repayable on demand
 

Loans to related parties

2024

Subsidiary
£

Total
£

Advanced

2,235,000

2,235,000

Repaid

(433,330)

(433,330)

At end of period

1,801,670

1,801,670

8

Parent and ultimate parent undertaking

The company's immediate parent is ThreeSixty Holdco 7 Ltd, incorporated in England & Wales.