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REGISTERED NUMBER: 03797008 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

EXCLUSIVE INVESTMENTS LTD

EXCLUSIVE INVESTMENTS LTD (REGISTERED NUMBER: 03797008)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


EXCLUSIVE INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: J Green





REGISTERED OFFICE: Data House
43-45 Stamford Hill
London
N16 5SR





REGISTERED NUMBER: 03797008 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

EXCLUSIVE INVESTMENTS LTD (REGISTERED NUMBER: 03797008)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 5 - 13
Investment property 6 1,200,000 1,200,000
1,200,000 1,200,013

CURRENT ASSETS
Debtors 7 254,226 274,955
Cash at bank 27,692 4,726
281,918 279,681
CREDITORS
Amounts falling due within one year 8 (76,143 ) (62,561 )
NET CURRENT ASSETS 205,775 217,120
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,405,775

1,417,133

CREDITORS
Amounts falling due after more than one
year

9

(590,278

)

(631,551

)
NET ASSETS 815,497 785,582

CAPITAL AND RESERVES
Called up share capital 12 100 100
Revaluation reserve 13 482,691 482,691
Retained earnings 13 332,706 302,791
SHAREHOLDERS' FUNDS 815,497 785,582

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

EXCLUSIVE INVESTMENTS LTD (REGISTERED NUMBER: 03797008)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


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 and authorized for issue by the director and authorised for issue on 10 September 2024 and were signed by:





J Green - Director


EXCLUSIVE INVESTMENTS LTD (REGISTERED NUMBER: 03797008)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Exclusive Investments Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net rent and service charges receivable, excluding value added tax.

Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognized in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognized 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 recognized 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

EXCLUSIVE INVESTMENTS LTD (REGISTERED NUMBER: 03797008)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023
and 31 December 2023 2,743
DEPRECIATION
At 1 January 2023 2,730
Charge for year 13
At 31 December 2023 2,743
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 13

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 1,200,000
NET BOOK VALUE
At 31 December 2023 1,200,000
At 31 December 2022 1,200,000

The fair value of investment property was assessed to be unchanged by the director. The fair value was determined using open market valuation method. The director does not have a formal qualification but considerable experience in property market to ascertain the fair value with sufficient level of confidence.

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2016 482,691
Cost 717,309
1,200,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 18,493 28,835
Other debtors 235,733 246,120
254,226 274,955

EXCLUSIVE INVESTMENTS LTD (REGISTERED NUMBER: 03797008)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 14,527 8,161
Other creditors 61,616 54,400
76,143 62,561

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans (see note 10) 563,298 597,392
Other creditors 26,980 34,159
590,278 631,551

Amounts falling due in more than five years:

Repayable by instalments
Bank loan 563,298 597,392
Other loans more 5yrs instal - 34,159
563,298 631,551

Other creditors includes Bounceback loan of £26,980 [2022 - £34,159]. The loan is unsecured, interest free for the first year, then capped at 2.5% and guaranteed by HM Government.

10. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£    £   
Amounts falling due between two and five years:
Other loans - 2-5 years 26,980 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loan 563,298 597,392
Other loans more 5yrs instal - 34,159
563,298 631,551

EXCLUSIVE INVESTMENTS LTD (REGISTERED NUMBER: 03797008)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

11. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 563,298 597,392

The bank loan is secured by a first charge over the company's properties and a floating charge over the assets of the company, and bear interest at variable rates.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

13. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 January 2023 302,791 482,691 785,482
Profit for the year 29,915 29,915
At 31 December 2023 332,706 482,691 815,397

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J Green.