ACCOUNTS - Final Accounts preparation

3B INVESTMENTS LIMITED - Company Information

Caseware UK (AP4) 2021.0.152 2021.0.152 2021-09-302021-09-302022-05-314Holding company2020-10-01false4truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10420636 2020-10-01 2021-09-30 10420636 2019-10-01 2020-09-30 10420636 2021-09-30 10420636 2020-09-30 10420636 c:Director1 2020-10-01 2021-09-30 10420636 d:CurrentFinancialInstruments 2021-09-30 10420636 d:CurrentFinancialInstruments 2020-09-30 10420636 d:Non-currentFinancialInstruments 2021-09-30 10420636 d:Non-currentFinancialInstruments 2020-09-30 10420636 d:CurrentFinancialInstruments d:WithinOneYear 2021-09-30 10420636 d:CurrentFinancialInstruments d:WithinOneYear 2020-09-30 10420636 d:Non-currentFinancialInstruments d:AfterOneYear 2021-09-30 10420636 d:Non-currentFinancialInstruments d:AfterOneYear 2020-09-30 10420636 d:ShareCapital 2021-09-30 10420636 d:ShareCapital 2020-09-30 10420636 c:OrdinaryShareClass1 2020-10-01 2021-09-30 10420636 c:OrdinaryShareClass1 2021-09-30 10420636 c:OrdinaryShareClass1 2020-09-30 10420636 c:OrdinaryShareClass2 2020-10-01 2021-09-30 10420636 c:OrdinaryShareClass2 2021-09-30 10420636 c:OrdinaryShareClass2 2020-09-30 10420636 c:FRS102 2020-10-01 2021-09-30 10420636 c:AuditExempt-NoAccountantsReport 2020-10-01 2021-09-30 10420636 c:FullAccounts 2020-10-01 2021-09-30 10420636 c:PrivateLimitedCompanyLtd 2020-10-01 2021-09-30 10420636 d:Subsidiary1 2020-10-01 2021-09-30 10420636 d:Subsidiary1 1 2020-10-01 2021-09-30 10420636 d:Subsidiary2 2020-10-01 2021-09-30 10420636 d:Subsidiary2 1 2020-10-01 2021-09-30 10420636 2 2020-10-01 2021-09-30 10420636 6 2020-10-01 2021-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10420636

3B INVESTMENTS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021


3B INVESTMENTS LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 6


3B INVESTMENTS LIMITED REGISTERED NUMBER:10420636

STATEMENT OF FINANCIAL POSITION

AS AT 30 SEPTEMBER 2021

		2021		2020
Note		£		£

Fixed assets
Investments	4		4		4
Current assets
Debtors: amounts falling due after more than one year	5	2,552,940		2,520,088
Debtors: amounts falling due within one year	5	154,780		151,567
		2,707,720		2,671,655
Current liabilities
Creditors: amounts falling due within one year	6	(155,437)		(141,096)
Net current assets			2,552,283		2,530,559
Total assets less current liabilities			2,552,287		2,530,563
Creditors: amounts falling due after more than one year	7		(2,552,187)		(2,530,463)

Net assets			100		100

Capital and reserves
Called up share capital	8	100	100
		100	100

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

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3B INVESTMENTS LIMITED REGISTERED NUMBER:10420636

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 30 SEPTEMBER 2021

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 May 2022.

T J Bolot

Director

The notes on pages 3 to 6 form part of these financial statements.

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3B INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

1.	General information

The Company is a limited liability company registered in England and Wales with its registered office at Second Floor Offices, Lyttelton House, 2 Lyttelton Road, London, N2 0EF.
The principal activity of the Company is that of a holding company.
The Company's functional and presentational currency is £ Sterling.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.4

Debtors

Short term debtors are measured at the transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans to and from related parties and investments in non-puttable ordinary shares.

2.6

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.7

Finance costs

Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

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3B INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

2.Accounting policies (continued)

2.8

Interest income

Interest income is recognised in the Statement of Comprehensive Income using the effective interest method

2.9

Taxation

Tax is recognised in the Statement of Comprehensive Income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

3.	Employees
	The Company had no employees other than the directors during the current and preceding year.

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3B INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost
	At 1 October 2020	4
	At 30 September 2021	4

Subsidiary undertakings
The following were subsidiary undertakings of the Company:
Name	Registered office	Class of shares	Holding

	Springhill Properties (No. 1) Limited	The Scalpel, 18th Floor, 52 Lime Street, London, EC3M 7AF	Ordinary	100%
	Clyde Care Limited	Second Floor Offices, Lyttelton House, 2 Lyttelton Road, London, N2 0EF	Ordinary	100%

Since the reporting date, the Company has sold its interests in Springhill Properties (No. 1) Limited on 4 November 2021.

5.	Debtors
		2021	2020
		£	£

Due after more than one year
Amounts owed by group undertakings	2,552,940	2,520,088

					2021	2020
					£	£

Due within one year
Amounts owed by group undertakings	154,680	151,467
Other debtors	100	100
	154,780	151,567

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3B INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

6.	Creditors: Amounts falling due within one year
		2021	2020
		£	£

Amounts owed to group undertakings	151,681	140,338
Other creditors	3,756	758
	155,437	141,096

7.	Creditors: Amounts falling due after more than one year
		2021	2020
		£	£

Other loans	50,000	50,000
Amounts owed to group undertakings	2,502,187	2,480,463
	2,552,187	2,530,463

8.	Share capital
		2021	2020
		£	£

Allotted, called up and fully paid

80 (2020 - 80) Ordinary A shares of £1 each	80	80
20 (2020 - 20) Ordinary B shares of £1 each	20	20

	100	100

Related party transactions

As at the reporting date, the Company owed £2,653,868 (2020 - £2,620,801) to and paid interest of £151,682 (2020 - £148,467) to its immediate parent company, Bellerive Capital (BCP) 31 Limited. The loan bears interest at 6% per annum and the loan is due for repayment after more than 5 years from reporting date.

The Company has taken advantage of the exemption under FRS102 33. 1A Related Party Disclosures not to disclose transactions entered into between two or more members of a group, provided that any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group.

10.	Controlling party

The ultimate parent company and controlling party is Bellerive Capital (BCP) 31 Limited, a company registered in British Virgin Islands.

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