Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-311Buying and selling of own real estateThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsetrue2023-04-01false1true 06251319 2023-04-01 2024-03-31 06251319 2022-04-01 2023-03-31 06251319 2024-03-31 06251319 2023-03-31 06251319 c:Director1 2023-04-01 2024-03-31 06251319 d:CurrentFinancialInstruments 2024-03-31 06251319 d:CurrentFinancialInstruments 2023-03-31 06251319 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06251319 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06251319 d:ShareCapital 2024-03-31 06251319 d:ShareCapital 2023-03-31 06251319 d:RetainedEarningsAccumulatedLosses 2024-03-31 06251319 d:RetainedEarningsAccumulatedLosses 2023-03-31 06251319 c:FRS102 2023-04-01 2024-03-31 06251319 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06251319 c:FullAccounts 2023-04-01 2024-03-31 06251319 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06251319 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 06251319









THREE INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
THREE INVESTMENTS LIMITED
 
 
  
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THREE INVESTMENTS LIMITED
FOR THE YEAR ENDED 31 MARCH 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Three Investments Limited for the year ended 31 March 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountantswe are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html.

This report is made solely to the director of Three Investments Limited in accordance with the terms of our engagement letter dated 25 December 2024Our work has been undertaken solely to prepare for your approval the financial statements of Three Investments Limited and state those matters that we have agreed to state to the director of Three Investments Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal .com/content/dam/ACCA_Global /Technical /fact/technical-factsheet -163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Three Investments Limited and its director for our work or for this report. 

It is your duty to ensure that Three Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Three Investments Limited. You consider that Three Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Three Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Fraser Russell Limited
 
77 Francis Road
Edgbaston
Birmingham
B16 8SP
25 December 2024
Page 1

 
THREE INVESTMENTS LIMITED
REGISTERED NUMBER: 06251319

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
6,000
-

Cash at bank and in hand
 5 
11,881
2,675

  
17,881
2,675

Creditors: amounts falling due within one year
 6 
(175,995)
(43,532)

Net current liabilities
  
 
 
(158,114)
 
 
(40,857)

Total assets less current liabilities
  
(158,114)
(40,857)

  

Net liabilities
  
(158,114)
(40,857)


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
(159,114)
(41,857)

  
(158,114)
(40,857)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 December 2024.




Saghwat Hussain
Director

The notes on pages 4 to 7 form part of these financial statements.
Page 2

 
THREE INVESTMENTS LIMITED
REGISTERED NUMBER: 06251319
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024


Page 3

 
THREE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Three Investments Limited is a company limited by shares incorporated in England within the United Kingdom, having a registration of 06251319. The address of the registered office is 77 Francis Road, Edgbaston, Birmingham, B16 8SP. The principal activity of the company in the year under review was that of other holding companies not elsewhere classified
The financial statements are presented in sterling which is functional currency of the company and
rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out
below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements has been prepared on a going concern basis which assumes that the
company will continue to receive support from creditors and the director as and when required.

Page 4

 
THREE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
THREE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Debtors

2024
2023
£
£


Other debtors
6,000
-

6,000
-



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
11,881
2,675

11,881
2,675


Page 6

 
THREE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
15,905
15,905

Corporation tax
12,723
17,723

Other creditors
147,367
9,904

175,995
43,532



7.


Related party transactions

Mr Saghwat Hussain is also the director and shareholder of Vanguard Direct (Bham) Limited.
During the period, the Vanguard Direct (Bham) Limited provided a loan of  £142,876. As at the balance sheet date, the company owed £142,876(2023 £nil), which is shown in Other Creditor due within one year.
The above balance is payable on demand and therefore there are no significant differences between the
value of the original loan amount and the initial carrying value of the loan as shown in the balance sheet.


8.


Controlling party

During the period, the company was under the control of Saghwat Hussain, who is both a shareholder and the director of the company.

 
Page 7