3R Capital Ltd Filleted accounts for Companies House (small and micro)

3R CAPITAL LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 09722444

3R Capital Ltd

Filleted Unaudited Financial Statements

31 December 2018

3R Capital Ltd

Financial Statements

Year ended 31 December 2018

Contents	Pages

Statement of financial position	1 to 2

Notes to the financial statements	3 to 5

3R Capital Ltd

Statement of Financial Position

31 December 2018

	2018	2017
Note	£	£

Fixed assets

Investments	4	212	211

Current assets

Debtors	5	153,269	92,300
Cash at bank and in hand		635	328
		---------	---------
		153,904	92,628

Creditors: amounts falling due within one year	6	49,245	4,129
		---------	---------
Net current assets		104,659	88,499
		---------	---------
Total assets less current liabilities		104,871	88,710
		---------	---------
Net assets		104,871	88,710
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	104,771	88,610
	---------	---------
Shareholders funds	104,871	88,710
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2018 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

3R Capital Ltd

Statement of Financial Position (continued)

31 December 2018

These financial statements were approved by the board of directors and authorised for issue on 30 September 2019 , and are signed on behalf of the board by:

Mr R S Dale

Director

Company registration number: 09722444

3R Capital Ltd

Notes to the Financial Statements

Year ended 31 December 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 29 Waterloo Road, Wolverhampton, WV1 4DJ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Investments

	Shares in group undertakings
	£
Cost
At 1 January 2018	211
Additions	1
	---------
At 31 December 2018	212
	---------
Impairment
At 1 January 2018 and 31 December 2018	–
	---------

Carrying amount
At 31 December 2018	212
	---------
At 31 December 2017	211
	---------

5. Debtors

	2018	2017
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	149,912	84,700
Other debtors	3,357	7,600
	---------	---------
	153,269	92,300
	---------	---------

6. Creditors: amounts falling due within one year

	2018	2017
	£	£
Trade creditors	1,080	–
Amounts owed to group undertakings and undertakings in which the company has a participating interest	31,936	–
Other creditors 1 - desc in a/cs	12,000	–
Other creditors	4,229	4,129
	---------	---------
	49,245	4,129
	---------	---------

7. Related party transactions

The company was under the control of Mr R S Dale throughout the current year. Mr R S Dale is the managing director and majority shareholder. During the 3R Capital acqiured one share in Tiger Specialist Access Ltd from Mr R S Dale at par value. During the year 3R Capital paid for and recharged various expenses for Tiger Specialist Access Ltd A company owned and controlled by 3R Capital Ltd . At the year end the balance owed from Tiger Specialist Access Ltd amounted to 2018:£99,212 (2017:£Nil). At the year end the balance owed by Klawz Ltd amounted to 2018:£24,200 (2017:£48,000). At the year end the balance owed by Enviro Friendly Ltd amounted to 2018:£26,500 (2017:£13,000). At the year end the balance owed to Safelinx Ltd amounted to 2018:£31,396 (2017:£(23,700)).