ACCOUNTS - Final Accounts preparation

3 CIRCLES COMMUNICATIONS LIMITED - Company Information

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Registered number: 08381767

3 CIRCLES COMMUNICATIONS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

3 CIRCLES COMMUNICATIONS LIMITED

REGISTERED NUMBER: 08381767

BALANCE SHEET

AS AT 31 MARCH 2023

		2023		2022
Note		£		£

Fixed assets
Investments			3,600,000		3,600,000
			3,600,000		3,600,000
Current assets
Debtors: amounts falling due within one year	4	64		64
Cash at bank and in hand		1,136		1,136
		1,200		1,200
Creditors: amounts falling due within one year		(3,600,000)		(3,600,000)
Net current liabilities			(3,598,800)		(3,598,800)
Total assets less current liabilities			1,200		1,200

Net assets			1,200		1,200

Capital and reserves
Called up share capital	1,200	1,200
	1,200	1,200

For the year ended 31 March 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

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 profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 November 2023.

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3 CIRCLES COMMUNICATIONS LIMITED

REGISTERED NUMBER: 08381767

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2023

................................................

J N Wilson

Director

The notes on pages 3 to 5 form part of these financial statements.

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3 CIRCLES COMMUNICATIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

1.	General information

3 Circles Communications Limited is a private company limited by shares incorporated in
England and Wales. Registered number 08381767.
The registered office is located at Ver House, 23-25 High Street, Redbourn, Hertfordshire, AL3 7LE.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

2.2

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each Balance Sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.4

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.

2.5

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.

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3 CIRCLES COMMUNICATIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

3.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 April 2022	3,600,000
	At 31 March 2023	3,600,000

Subsidiary undertaking
The following was a subsidiary undertaking of the Company:
Name	Registered office	Principal activity	Class of shares	Holding

2 Circles Communications Limited

Ver House, 23-25 High Street, Redbourn, Hertfordshire, AL3 7LE

Telecommunication services

Ordinary & Ordinary A

100%

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3 CIRCLES COMMUNICATIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

Debtors

					2023	2022
					£	£


Other debtors	64	64
	64	64

5.	Cash and cash equivalents
		2023	2022
		£	£

Cash at bank and in hand	1,136	1,136
	1,136	1,136

6.	Contingent liabilities

The Company has entered into a cross guarantee agreement to secure the bank loans of Southern Communications Group Limited and its subsiduaries. At the year end, the value of total outstanding facilities were £222,234,755 (2022: £205,637,194).

7.	Controlling party

The Company's immediate parent is Southern Communications Holdings Limited, incorporated in England and Wales.
The parent of the smallest group for which consolidated accounts are prepared is Southern Communications Group Limited. These financial statements are available upon request from Glebe Farm, Down Street, Dummer, Basingstoke, Hampshire RG25 2AD.
The ultimate parent Company is Saint Topco Limited. The Directors believe there to be no ultimate controlling party.

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