Inbarema3 Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 12707251 (England and Wales)

Financial Statements

for the Period 30 June 2020 to 31 July 2021

for

Inbarema3 Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C N Beer

R L C Morgan

C J Sullivan

REGISTERED OFFICE:

The Maltings

Chelmsford Road, Norton Heath

Ingatestone

Essex

CM4 0LQ

REGISTERED NUMBER:

12707251 (England and Wales)

AUDITORS:

Mudd Partners LLP

Statutory Auditors

Chartered Accountants

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

CURRENT ASSETS

Debtors

4

13,700

Cash at bank

1,360

15,060

CREDITORS

Amounts falling due within one year

5

15,000

NET CURRENT ASSETS

60

TOTAL ASSETS LESS CURRENT LIABILITIES

60

CAPITAL AND RESERVES

Called up share capital

6

100

Retained earnings

(40

)

SHAREHOLDERS' FUNDS

60

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 March 2022 and were signed on its behalf by:

C J Sullivan - Director

1.	STATUTORY INFORMATION

Inbarema3 Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

The parent undertaking of the smallest group to consolidate these financial statements is Crown Holdings Limited, a private company limited by shares and incorporated in England and Wales. The company's registered office is The Maltings, Norton Heath, Ingatestone, CM4 OLQ.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

The Company is dependent on its parent company, Crown Holdings Limited, for its working capital requirements. The parent company will not seek repayment of any advances it makes for a period of at least 12 months from the date of signing of the financial statements to the extent that such support is required to enable the Company to meet its liabilities as they fall due.

The directors therefore believe that it remains appropriate to prepare the financial statements on the going concern basis and accordingly they do not include any adjustments that would result from the basis of preparation being inappropriate.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Debtors

Short term debtors are measured at 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.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

600

Other debtors

13,100

13,700

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed to group undertakings

15,000

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jeffrey Stanley FCA (Senior Statutory Auditor)

for and on behalf of Mudd Partners LLP

8.	CONTROLLING PARTY

The immediate and ultimate parent undertaking is Crown Holdings Limited, a company incorporated in England and Wales, which holds 100% of the Company's issued share capital. The consolidated financial statements of Crown Holdings Limited are available from the company's registered office.

The Company's ultimate controlling party is R L C Morgan by virtue of his majority shareholding in Crown Holdings Limited.