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NetInvestments.IO Limited

Registered Number
10792430
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

NetInvestments.IO Limited
Company Information
for the year from 1 February 2023 to 31 January 2024

Directors

Mrs J Devlin
Mr M Devlin

Registered Address

14 The Croft
Barnet
Hertfordshire
EN5 2TL

Registered Number

10792430 (England and Wales)
NetInvestments.IO Limited
Statement of Financial Position
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets353298
Investments43,671,3383,039,196
3,671,3913,039,494
Current assets
Debtors5-147
Cash at bank and on hand1,7604,738
1,7604,885
Creditors amounts falling due within one year6(3,060,791)(2,758,329)
Net current assets (liabilities)(3,059,031)(2,753,444)
Total assets less current liabilities612,360286,050
Provisions for liabilities(133,836)(63,683)
Net assets478,524222,367
Capital and reserves
Called up share capital100100
Profit and loss account478,424222,267
Shareholders' funds478,524222,367
The financial statements were approved and authorised for issue by the Board of Directors on 15 October 2024, and are signed on its behalf by:
Mr M Devlin
Director
Registered Company No. 10792430
NetInvestments.IO Limited
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention, as modified by the revaluation of investments measured at fair value through profit or loss, on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover represents income derived from fixed asset investments held during the year.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment4
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at fair value with changes in fair value being recognised in profit or loss.
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 February 231,1151,115
At 31 January 241,1151,115
Depreciation and impairment
At 01 February 23817817
Charge for year245245
At 31 January 241,0621,062
Net book value
At 31 January 245353
At 31 January 23298298
4.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 February 233,039,1963,039,196
Additions2,785,5552,785,555
Revaluations333,382333,382
Disposals(2,486,795)(2,486,795)
At 31 January 243,671,3383,671,338
Net book value
At 31 January 243,671,3383,671,338
At 31 January 233,039,1963,039,196

Notes

1Other investments other than loans
5.Debtors: amounts due within one year

2024

2023

££
Prepayments and accrued income-147
Total-147
6.Creditors: amounts due within one year

2024

2023

££
Other creditors3,058,1332,755,821
Accrued liabilities and deferred income2,6582,508
Total3,060,7912,758,329
Included in other creditors is £3,056,982 (2023: £2,754,982) due to Net.Security.IO Limited and £1,151 (2023: £839) due to the directors. The loans are unsecured, interest free and repayable on demand.
7.Related party transactions
NetInvestments.IO Limited has directors and shareholders in common with NetSecurity.IO Limited. Accordingly, NetSecurity,IO Limited was considered to be a related party of NetInvestments.IO Limited for the purposes of Financial Reporting Standard 102 during the year ended 31 January 2024. No transactions with related parties, other than those disclosed in note 6 were undertaken such as required to be disclosed under Financial Report Standard 102.