REGISTERED NUMBER: |
ECM Investments Ltd |
Unaudited Financial Statements |
for the period |
20 January 2023 to 31 March 2024 |
REGISTERED NUMBER: |
ECM Investments Ltd |
Unaudited Financial Statements |
for the period |
20 January 2023 to 31 March 2024 |
ECM Investments Ltd (Registered number: 14606933) |
Contents of the Financial Statements |
for the period 20 January 2023 to 31 March 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
ECM Investments Ltd |
Company Information |
for the period 20 January 2023 to 31 March 2024 |
Director: |
Registered office: |
Registered number: |
Accountants: |
250 Fowler Avenue |
Farnborough |
Hampshire |
GU14 7JP |
ECM Investments Ltd (Registered number: 14606933) |
Balance Sheet |
31 March 2024 |
Notes | £ | £ |
Fixed assets |
Investments | 4 |
Current assets |
Debtors | 5 |
Investments | 6 |
Cash at bank |
Creditors |
Amounts falling due within one year | 7 |
Net current assets |
Total assets less current liabilities |
Provisions for liabilities |
Net assets |
Capital and reserves |
Called up share capital | 8 |
Retained earnings | 9 |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
ECM Investments Ltd (Registered number: 14606933) |
Notes to the Financial Statements |
for the period 20 January 2023 to 31 March 2024 |
1. | Statutory information |
ECM Investments Ltd is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Going concern |
The directors have identified no material uncertainties that cast significant doubt about the ability of the company to continue as a going concern. |
Significant judgements and estimates |
Preparation of the financial statements requires management to make significant judgements and estimates in determining the carrying amounts of certain assets and liabilities. Management makes assumptions of the effects of uncertain future events on those assets and liabilities at the balance sheet date. The management's estimates and assumptions are based on historical experience and expectation of future events and are reviewed periodically. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Financial instruments |
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument. |
Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due. |
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management. |
Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
Taxation |
Taxation for the period 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. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Investments |
Current and fixed asset investments held are shown at fair value less any provision for impairment. |
3. | Employees and directors |
The average number of employees during the period was NIL. |
ECM Investments Ltd (Registered number: 14606933) |
Notes to the Financial Statements - continued |
for the period 20 January 2023 to 31 March 2024 |
4. | Fixed asset investments |
Shares in |
group |
undertakings |
£ |
Cost |
Additions |
At 31 March 2024 |
Net book value |
At 31 March 2024 |
5. | Debtors: amounts falling due within one year |
£ |
Other debtors |
Directors' current accounts | 2 |
6. | Current asset investments |
£ |
Listed investments | 1,501,543 |
7. | Creditors: amounts falling due within one year |
£ |
Amounts owed to group undertakings |
Accruals and deferred income |
8. | Called up share capital |
Alloted, | Issued and class | Nominal | 2024 |
Number | Value | £ |
1 | Ordinary A | 1 | 1 |
1 | Ordinary B | 1 | 1 |
1 | Redeemable Ordinary A | 1 | 1 |
1 | Redeemable Ordinary B | 1 | 1 |
40 | Redeemable Ordinary C | 1 | 40 |
44 |
Ordinary A and Ordinary B shares are entitled to full voting and capital distribution rights. |
Redeemable Ordinary A, Redeemable Ordinary B and Redeemable Ordinary C shares are not entitled to voting and capital distributions or any surplus rights. |
9. | Reserves |
Retained |
earnings |
£ |
Profit for the period |
At 31 March 2024 |
ECM Investments Ltd (Registered number: 14606933) |
Notes to the Financial Statements - continued |
for the period 20 January 2023 to 31 March 2024 |
10. | Related party disclosures |
Included within other creditors due within one year at the year end are amounts of £750,000 owed to a group company. |
11. | Ultimate controlling party |
The controlling party is Mr M T Dearie by virtue of his majority shareholding. |