Distrim Investments Limited Filleted accounts for Companies House (small and micro)

DISTRIM INVESTMENTS LIMITED - Company Information

false false false false false false false false false true false false false false false false No description of principal activity 2020-10-01 Sage Accounts Production Advanced 2021 - FRS102_2021 234,295 98,253 136,042 136,042 xbrli:pure xbrli:shares iso4217:GBP 2301914 2020-10-01 2021-09-30 2301914 2021-09-30 2301914 2020-09-30 2301914 bus:Director1 2020-10-01 2021-09-30 2301914 core:WithinOneYear 2021-09-30 2301914 core:WithinOneYear 2020-09-30 2301914 core:ShareCapital 2021-09-30 2301914 core:ShareCapital 2020-09-30 2301914 core:RetainedEarningsAccumulatedLosses 2021-09-30 2301914 core:RetainedEarningsAccumulatedLosses 2020-09-30 2301914 core:CostValuation core:Non-currentFinancialInstruments 2021-09-30 2301914 core:Non-currentFinancialInstruments core:ProvisionsForImpairmentInvestments 2021-09-30 2301914 core:Non-currentFinancialInstruments 2021-09-30 2301914 core:Non-currentFinancialInstruments 2020-09-30 2301914 bus:SmallEntities 2020-10-01 2021-09-30 2301914 bus:AuditExemptWithAccountantsReport 2020-10-01 2021-09-30 2301914 bus:FullAccounts 2020-10-01 2021-09-30 2301914 bus:SmallCompaniesRegimeForAccounts 2020-10-01 2021-09-30 2301914 bus:PrivateLimitedCompanyLtd 2020-10-01 2021-09-30

COMPANY REGISTRATION NUMBER: 2301914

Distrim Investments Limited

Filleted Unaudited Financial Statements

30 September 2021

Distrim Investments Limited

Financial Statements

Year ended 30 September 2021

Contents	Page

Statement of financial position	1

Notes to the financial statements	2

Distrim Investments Limited

Statement of Financial Position

30 September 2021

	2021		2020
Note	£	£	£	£

Fixed assets

Investments	5		136,042		136,042

Current assets

Cash at bank and in hand	204		85

Creditors: amounts falling due within one year	6	3,644		3,380
		-------		-------
Net current liabilities			3,440		3,295
			---------		---------
Total assets less current liabilities			132,602		132,747
			---------		---------

Capital and reserves

Called up share capital	7	91,500	91,500
Profit and loss account		41,102	41,247
		---------	---------
Shareholders funds		132,602	132,747
		---------	---------

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 Section 1A of 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 30 September 2021 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 .

These financial statements were approved by the board of directors and authorised for issue on 10 March 2022 , and are signed on behalf of the board by:

B Laurent

Director

Company registration number: 2301914

Distrim Investments Limited

Notes to the Financial Statements

Year ended 30 September 2021

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, CM2 0AW, England.

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.

Going concern

The directors have considered the impact of the covid-19 pandemic in their assessment of the company's ability to prepare accounts as a going concern. Because of the uncertainties surrounding the effects of the economic slowdown it is difficult to predict the impact on the company and its customers, but having taken all the factors into account, the directors are of the opinion that the company has sufficient resources to continue trading for the next 12 months from the date of signing these accounts.

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.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2020: 2).

5. Investments

	Shares in group undertakings
	£
Cost
At 1 October 2020 and 30 September 2021	234,295
	---------
Impairment
At 1 October 2020 and 30 September 2021	98,253
	---------

Carrying amount
At 30 September 2021	136,042
	---------
At 30 September 2020	136,042
	---------

The company holds 100% of the share capital of Development, Initiative & Investissement SA., "D2I" incorporate in France.

The aggregate amount of capital and reserves and the results of the undertaking over the last relevant financial years were as follows:

	2021	2020
	£	£
Capital and reserves	240,478	225,533
Profit / (loss) for the year	24,024	20,776

6. Creditors: amounts falling due within one year

	2021	2020
	£	£
Other creditors	3,644	3,380
	-------	-------

7. Called up share capital

	2021	2020
	£	£
Ordinary shares of £1 each	90,000	90,000
Ordinary A shares of £0.10 each	1,500	1,500
	--------	--------
	91,500	91,500
	--------	--------

8. Related party transactions

At the year end the company owed the director £3,644 (2020 - £3,380) which is shown amongst creditors.

9. Controlling party

The company is a subsidary of Woodgate Investments Limited, a company incorporated in Ontario, Canada and is not aware of its ultimate controlling company.