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Registration number: 09595840

3CA INVESTMENTS LIMITED

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2024

 

3CA INVESTMENTS LIMITED

Contents

Company Information

1

Accountants' Report

2

Profit and Loss Account

3

Balance Sheet

4 to 5

Notes to the Unaudited Financial Statements

6 to 12

 

3CA INVESTMENTS LIMITED

Company Information

Directors

Meera Ramchand BHAVNANI

Rashmee THADANI

Smayan Dileep BHAVNANI THADANI

Anil Bhavnani RAMCHAND

Registered office

Flat 58 Fountain House
Park Street
London
W1K 7HQ

Accountants

Flanton LLP 12 John Prince's Street
London
W1G 0JR

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
3CA INVESTMENTS LIMITED
for the Year Ended 31 May 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of 3CA INVESTMENTS LIMITED for the year ended 31 May 2024 as set out on pages 3 to 12 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of 3CA INVESTMENTS LIMITED, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of 3CA INVESTMENTS LIMITED and state those matters that we have agreed to state to the Board of Directors of 3CA INVESTMENTS LIMITED, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 3CA INVESTMENTS LIMITED and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that 3CA INVESTMENTS LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of 3CA INVESTMENTS LIMITED. You consider that 3CA INVESTMENTS LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of 3CA 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 accounts.

......................................

Flanton LLP
12 John Prince's Street
London
W1G 0JR

10 February 2025

 

3CA INVESTMENTS LIMITED

Profit and Loss Account for the Year Ended 31 May 2024

Note

2024
£

2023
£

Turnover

3

1,056,289

1,524,418

Gross profit

 

1,056,289

1,524,418

Administrative expenses

 

75,160

(1,150,283)

Operating profit

5

1,131,449

374,135

Other interest receivable and similar income

6

94,288

515,896

Interest payable and similar expenses

7

(289,602)

(317,515)

   

(195,314)

198,381

Profit before tax

 

936,135

572,516

Tax on profit

9

(107,216)

(304,309)

Profit for the financial year

 

828,919

268,207

The above results were derived from continuing operations.

 

3CA INVESTMENTS LIMITED

(Registration number: 09595840)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

10

17,314,550

17,314,550

Other financial assets

11

21,854,439

14,743,854

 

39,168,989

32,058,404

Current assets

 

Debtors

12

73,732

46,703

Cash at bank and in hand

 

23,876

(2,218,538)

 

97,608

(2,171,835)

Creditors: Amounts falling due within one year

14

(321,147)

(866,088)

Net current liabilities

 

(223,539)

(3,037,923)

Total assets less current liabilities

 

38,945,450

29,020,481

Creditors: Amounts falling due after more than one year

14

983,472

225,783

Net assets

 

39,928,922

29,246,264

Capital and reserves

 

Called up share capital

29,943,682

21,180,100

Share premium reserve

1,010,855

-

Revaluation reserve

2,055,036

1,975,734

Retained earnings

6,919,349

6,090,430

Shareholders' funds

 

39,928,922

29,246,264

For the financial year ending 31 May 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 year 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 provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 10 February 2025 and signed on its behalf by:
 

 

3CA INVESTMENTS LIMITED

(Registration number: 09595840)
Balance Sheet as at 31 May 2024

.........................................
Rashmee THADANI
Director

 

3CA INVESTMENTS LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Flat 58 Fountain House
Park Street
London
W1K 7HQ

These financial statements were authorised for issue by the Board on 10 February 2025.

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 were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

3CA INVESTMENTS LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Investment properties

Not depreciated

Investment property

No depreciation on investment properties.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

3CA INVESTMENTS LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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

Turnover

The analysis of the company's revenue for the year from continuing operations is as follows:

2024
 £

2023
 £

Rendering of services

153,411

491,856

Rental income from investment property

817,777

969,055

Interest received

85,101

63,507

1,056,289

1,524,418

4

Other gains and losses

The analysis of the company's other gains and losses for the year is as follows:

2024
 £

2023
 £

Gain/loss from disposals of investments

491,288

(906,811)

5

Operating profit

Arrived at after charging/(crediting)

2024
 £

2023
 £

Foreign exchange (gains)/losses

(3,195)

46,243

 

3CA INVESTMENTS LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

6

Other interest receivable and similar income

2024
 £

2023
 £

Interest income on financial assets

-

31,801

Dividend income

15,988

32,498

Dividend income from financial assets

78,300

451,597

94,288

515,896

7

Interest payable and similar expenses

2024
 £

2023
 £

Interest on bank overdrafts and borrowings

289,602

317,515

8

Staff costs

The aggregate payroll costs (including directors' remuneration) were as follows:

2024
 £

2023
 £

Wages and salaries

39,577

41,407

The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:

2024
No.

2023
No.

Administration and support

2

2

2

2

9

Taxation

Tax charged/(credited) in the income statement

2024
 £

2023
 £

Current taxation

UK corporation tax

103,683

266,884

Foreign tax

3,533

37,425

Tax expense in the income statement

107,216

304,309

 

3CA INVESTMENTS LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

10

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 June 2023

17,314,550

17,314,550

At 31 May 2024

17,314,550

17,314,550

Depreciation

Carrying amount

At 31 May 2024

17,314,550

17,314,550

At 31 May 2023

17,314,550

17,314,550

Included within the net book value of land and buildings above is £17,314,550 (2023 - £17,314,550) in respect of freehold land and buildings.
 

11

Other financial assets (current and non-current)

2024
 £

2023
 £

Non-current financial assets

Financial assets at fair value through profit and loss

14,029,815

6,919,230

Financial assets at cost less impairment

7,824,624

7,824,624

21,854,439

14,743,854

2024
 £

2023
 £

Current financial assets

12

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

73,406

9,435

Other debtors

 

326

326

Income tax asset

9

-

36,942

   

73,732

46,703

 

3CA INVESTMENTS LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

13

Cash and cash equivalents

2024
 £

2023
 £

Cash at bank

16,885

38,148

Short-term deposits

6,991

(2,256,686)

23,876

(2,218,538)

Bank overdrafts

(4,701)

-

Cash and cash equivalents in statement of cash flows

19,175

(2,218,538)

14

Creditors

Note

2024
 £

2023
 £

Due within one year

 

Loans and borrowings

16

379

719,988

trade creditors

 

(145,952)

(148,321)

Amounts due to related parties

2,907

546

Social security and other taxes

 

52,496

36,241

Accrued expenses

 

307,634

257,634

Income tax liability

9

103,683

-

 

321,147

866,088

Due after one year

 

Loans and borrowings

16

(983,472)

(225,783)

15

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

29,943,682

29,943,682

21,180,100

21,180,100

       

16

Loans and borrowings

 

3CA INVESTMENTS LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

2024
 £

2023
 £

Non-current loans and borrowings

Bank borrowings

7,119,521

-

Other borrowings

(8,102,993)

(225,783)

(983,472)

(225,783)

2024
 £

2023
 £

Current loans and borrowings

Bank overdrafts

4,701

-

Other borrowings

(4,322)

719,988

379

719,988