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

CONSORT INVESTMENTS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 09023946

CONSORT INVESTMENTS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2022

CONSORT INVESTMENTS LIMITED

BALANCE SHEET

31 March 2022

	2022		2021
Note	£	£	£

FIXED ASSETS

Investments	5		4,408	4,408

CURRENT ASSETS

Debtors	6	6,590,015	6,523,065
Cash at bank and in hand		713	55,768
		-------------	-------------
		6,590,728	6,578,833

CREDITORS: amounts falling due within one year	7	( 25,953)		( 22,583)
		-------------		-------------
NET CURRENT ASSETS			6,564,775	6,556,250
			-------------	-------------
TOTAL ASSETS LESS CURRENT LIABILITIES			6,569,183	6,560,658
			-------------	-------------
NET ASSETS			6,569,183	6,560,658
			-------------	-------------

CAPITAL AND RESERVES

Called up share capital	1	1
Profit and loss account	6,569,182	6,560,657
	-------------	-------------
SHAREHOLDERS FUNDS	6,569,183	6,560,658
	-------------	-------------

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 profit and loss account has not been delivered.

For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 29 June 2023 , and are signed on behalf of the board by:

Mr J Oestreicher
Director

Company registration number: 09023946

CONSORT INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2022

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 17 Fountayne Road, London, N16 7EA, 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 2 (2021: Nil).

5. INVESTMENTS

	Investments
	£
Cost
At 1 April 2021 and 31 March 2022	4,408
	-------
Impairment
At 1 April 2021 and 31 March 2022	–
	-------

Carrying amount
At 31 March 2022	4,408
	-------
At 31 March 2021	4,408
	-------

6. DEBTORS

	2022	2021
	£	£
Other debtors	6,590,015	6,523,065
	-------------	-------------

7. CREDITORS: amounts falling due within one year

	2022	2021
	£	£
Corporation tax	8,753	17,783
Other creditors	17,200	4,800
	---------	---------
	25,953	22,583
	---------	---------

8. RELATED PARTY TRANSACTIONS

Included in debtors is £5,509,573 due from companies connected with the director.