| SISU INVESTMENTS LTD |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of SISU INVESTMENTS LTD for the year ended 29 December 2024 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SISU INVESTMENTS LTD for the year ended 29 December 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity 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 Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance |
| Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF. |
|
| NL Finance Partners Ltd |
| Chartered Accountants |
| 56 Hotham Road |
| London |
| SW15 1QJ |
|
| 8 June 2025 |
|
| SISU INVESTMENTS LTD |
| Registered number: |
08845756 |
| Balance Sheet |
| as at 29 December 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Fixed assets |
| Loan Receivables |
|
|
|
4,327,749 |
|
|
4,118,131 |
| Investments |
3 |
|
|
2,342,860 |
|
|
1,035,318 |
|
|
|
|
6,670,609 |
|
|
5,153,449 |
|
| Current assets |
| Debtors |
4 |
|
24,212 |
|
|
14,713 |
| Cash at bank and in hand |
|
|
363,634 |
|
|
61,348 |
|
|
|
387,846 |
|
|
76,061 |
|
| Creditors: amounts falling due within one year |
5 |
|
(14,777) |
|
|
(14,753) |
|
| Net current assets |
|
|
|
373,069 |
|
|
61,308 |
|
| Total assets less current liabilities |
|
|
|
7,043,678 |
|
|
5,214,757 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(2,225,500) |
|
|
(2,384,250) |
|
| Provisions for liabilities |
|
|
|
(576,602) |
|
|
(249,722) |
|
|
| Net assets |
|
|
|
4,241,576 |
|
|
2,580,785 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
200 |
|
|
200 |
| Profit and loss account |
|
|
|
4,241,376 |
|
|
2,580,585 |
|
| Shareholders' funds |
|
|
|
4,241,576 |
|
|
2,580,785 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Vesa Matti POIKONEN |
| Director |
| Approved by the board on 8 June 2025 |
|
| SISU INVESTMENTS LTD |
| Notes to the Accounts |
| for the year ended 29 December 2024 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention, modified to include certain financial instruments at fair value and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The accounts are the company’s first prepared under FRS 102. The comparative figures have been restated from those previously presented under FRS 105 to comply with the recognition and measurement principles of FRS 102. The transition has been applied in accordance with Section 35 – Transition to FRS 102, with any adjustments recognised in the opening balance sheet. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Investments |
|
Interests in subsidiaries, associates and jointly controlled entities are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. The fair value of each investment is assessed annually and is based on the net asset value of the investee company, determined by reference to the book value of the net assets reported in the signed statutory accounts of the investee for the most recently completed financial year prior to the reporting date. Changes in fair value are recognised in profit or loss. Transaction costs are expensed to profit or loss as incurred. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. |
|
|
| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Investments |
| Investments in |
| subsidiary |
| undertakings |
| £ |
|
Fair Value |
|
At 30 December 2023 |
1,035,318 |
|
Additions |
24 |
|
Revaluation |
1,307,518 |
|
|
At 29 December 2024 |
2,342,860 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 30 December 2023 |
36,431 |
|
At 29 December 2024 |
36,455 |
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Other debtors |
24,212 |
|
14,713 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Taxation and social security costs |
14,753 |
|
14,753 |
|
Other creditors |
24 |
|
- |
|
|
|
|
|
|
14,777 |
|
14,753 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
251,500 |
|
403,000 |
|
Other creditors |
1,974,000 |
|
1,981,250 |
|
|
|
|
|
|
2,225,500 |
|
2,384,250 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
SISU INVESTMENTS LTD is a private company limited by shares and incorporated in England. Its registered office is: |
|
27 |
|
Old Gloucester Street |
|
London |
|
WC1N 3AX |