Company registration number: 14917980
Unaudited financial statements
for the period ended 30 June 2024
for
Memphis Energy Investments Limited
Pages for filing with the Registrar
Company registration number: 14917980
Memphis Energy Investments Limited
Balance sheet
as at 30 June 2024
Note £ £
Fixed assets
Investments 4 39,705
39,705
Current assets
Debtors 52,151
Cash at bank and in hand 8,566
60,717
Creditors: amounts falling due within one
year
(34,796)
Net current assets 25,921
Total assets less current liabilities 65,626
Creditors: Amounts falling due after more
than one year
(2,401)
NET ASSETS 63,225
Capital and reserves
Called up share capital 1,000
Revaluation reserve 293
Profit and loss account 61,932
TOTAL EQUITY 63,225
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the period ended 30 June 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 14917980
Memphis Energy Investments Limited
Balance sheet - continued
as at 30 June 2024
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 3 March 2025 and signed on its behalf by:
Mr A Zahran, Director
3 March 2025
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Memphis Energy Investments Limited
Notes to the financial statements
for the period ended 30 June 2024
1 Company information
Memphis Energy Investments Limited is a private company registered in England and Wales. Its registered number is 14917980. The company is limited by shares. Its registered office is 2 Elystan Street, Flat 1, London, SW3 3NS.
2 Accounting policies
Basis of preparing the financial statements
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. The financial statements have been prepared under the historic cost convention.
Presentation currency
The company's financial statements are presented in sterling.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Investments in subsidiaries
Investments in subsidiaries are recognised at cost.
Financial instruments
Unlisted investments whose market values can be reliably determined are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the statement of comprehensive income. If a reliable estimate of fair value is no longer available for an asset measured at fair value, such investments are stated at historical cost less impairment until a reliable measure of fair value becomes available.
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Memphis Energy Investments Limited
Notes to the financial statements - continued
for the period ended 30 June 2024
2 Accounting policies - continued
Taxation
Taxation for the period comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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 balance sheet date.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
3 Average number of employees
During the period the average number of employees was Nil.
4 Fixed asset investments
Investments other than loans
Shares in
group
undertakings
and
participating
interests
Other
investments
other than
loans
Totals
£ £ £
Cost
Additions 18,820 20,592 39,412
Revaluations - 293 293
At 30 June 2024 18,820 20,885 39,705
Net book value
At 30 June 2024 18,820 20,885 39,705
5 Related party transactions
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Memphis Energy Investments Limited
Notes to the financial statements - continued
for the period ended 30 June 2024
5 Related party transactions - continued
During the year the following related party transactions occured:



- Services worth £47,835.30 were provided by the company with revenue collected by a subsidiary, at year-end this amount was owed by the subsidiary to the company.
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