Registered Number:13610796 |
For the period ended 30 September 2022
England and Wales
Unaudited Financial Statements
For the period ended 30 September 2022
917 Investments Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
917 Investments Limited
Statement of Financial Position
2022
13,100,000
2
13,100,000
Trade and other receivables |
110,500
3
Cash and cash equivalents |
1,644
112,144
Trade and other payables: amounts falling due within one |
year |
(5,939,900)
4
(5,827,756)
Net current liabilities
Total assets less current liabilities |
7,272,244
Trade and other payables: amounts falling due after more |
than one year |
(7,310,000)
5
(37,756)
Net assets/liabilities
100
(37,856)
(37,756)
Shareholders' funds
For the period ended 30 September 2022 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 27 March 2025 and were signed by: |
The notes form part of these financial statements |
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For the period ended 30 September 2022
917 Investments Limited
Notes to the Financial Statements
Statutory Information
917 Investments Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 13610796. |
Queens Court
9 - 17 Eastern Road
Romford
England
RM1 3NH
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts or rebates.
Going Concern
The directors confirm that, in their considered opinion, the company is able to continue trading for the foreseeable |
future and for at least one year from the date of these accounts. In arriving at this opinion, the directors have |
considered the company's current financial position, its current level of activity and all other relevant information. |
Valuation of investment
Investments in subsidiaries are measured at cost.
Consolidation
The company and it's subsidiary comprise a small group. The company has therefore taken advantage of the |
exemption provided by section 398 of the Companies Act 2006, not to prepare group accounts. |
2. Investments held as fixed assets |
Shares in group and participating interests |
13,100,000
13,100,000
13,100,000
13,100,000
13,100,000
13,100,000
The subsidiary company, Right Choice Property Holdings Limited is 100% owned. |
It is a trading company and is registered and incorporated in England and Wales. |
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For the period ended 30 September 2022
917 Investments Limited
Notes to the Financial Statements Continued
3. Trade and other receivables |
2022
Amounts owed by group undertakings and participating interests |
110,400
100
110,500
4. Trade and other payables: amounts falling due within one year |
2022
Bank loans and overdraft (secured) |
280,000
Amounts owed to group undertaking and undertaking in which the |
company has a participating interest |
5,657,500
2,400
5,939,900
5. Trade and other payables: amounts falling due after more than one year |
2022
Bank loans and overdraft (secured) |
7,310,000
-
Mizrahi Tefahot Bank Limited hold 3 separate charges at the period end.All 3 include fixed charges and negative pledges.One also includes a floating charge which covers the property or undertaking of the company.Corporate guarantee, legal mortgage and personal guarantees by the directors. |
6. Related party transactions |
The company is under the effective control of its directors. |
The company has taken advantage of the exemption available under FRS102, whereby it has not disclosed |
transactions with wholly owned subsidiary undertakings. |
7. Average number of persons employed |
During the period the average number of employees was 2
3 of 3