THREE COUNTIES INVESTMENTS LIMITED

THREE COUNTIES INVESTMENTS LIMITED

THREE COUNTIES INVESTMENTS LIMITED - Company Information

Print Friendly Version

THREE COUNTIES INVESTMENTS LIMITED

Company Registration Number:
02383407 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2021

Period of accounts

Start date: 01 July 2020

End date: 30 June 2021

THREE COUNTIES INVESTMENTS LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2021

Balance sheet
Notes

THREE COUNTIES INVESTMENTS LIMITED

Balance sheet

As at 30 June 2021


Notes
2021
2020


£
£
Current assets
Stocks: 970,000 970,000
Debtors: 3 406,630 111,797
Cash at bank and in hand: 260 19
Total current assets: 1,376,890 1,081,816
Creditors: amounts falling due within one year: 4 (482,498) (550,130)
Net current assets (liabilities): 894,392 531,686
Total assets less current liabilities: 894,392 531,686
Creditors: amounts falling due after more than one year: 5 (757,117) (400,000)
Total net assets (liabilities): 137,275 131,686
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 137,175 131,586
Shareholders funds: 137,275 131,686

The notes form part of these financial statements

THREE COUNTIES INVESTMENTS LIMITED

Balance sheet statements

For the year ending 30 June 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 March 2022
and signed on behalf of the board by:

Name: J A Dempsey
Status: Director

The notes form part of these financial statements

THREE COUNTIES INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Other accounting policies

InventoriesStocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.Deferred taxDeferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

THREE COUNTIES INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2021

2. Employees

2021 2020
Average number of employees during the period 2 2

THREE COUNTIES INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2021

3. Debtors

Debtors comprise of: Amounts owed by group undertakings and participating interests - £397,005 (2020 - £97,005), Other debtors - £9,625 (2020 - £14,792)

THREE COUNTIES INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2021

4. Creditors: amounts falling due within one year note

Bank loans and overdraft - £3,548 (2020 - £30,269)Amounts owed to group undertakings and undertakings in which the company has a participating interest - £474,217 (2020 - £516,437)Taxation and social security - £3,233 (2020 - £1,924)Other creditors - £1,500 (2020 - £1,500)

THREE COUNTIES INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2021

5. Creditors: amounts falling due after more than one year note

Bank loans and overdraft - £41,452 (2020 - £nil)Bank loans and overdraft (secured) - £715,665 (2020 - £400,000)Bank loans and overdraft are secured by a fixed and floating charge over the assets of the company.

THREE COUNTIES INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2021

6. Related party transactions

During the year, the company operated loan accounts with associated companies, in which the directors have beneficial interests. The balances as at the Balance Sheet date were as follows:Due from;Beckingham House Ltd - £2,234 (2020 - £2,234)Dickens Property Group Limited - £393,003 (2020 - £93,003)Sealand Commercial Properties Ltd - £1,707 (2020 - £1,707)Linkhaven 2004 Ltd - £61 (2020 - £61)Due to;Linkhaven Ltd - £214,800 (2020 - £198,000)Dickens International Limited - £62,608 (2020 - £108,108)Hillingdon International Limited - £196,809 (2020 - £210,330)