Oldswinford Enterprises Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02716913 (England and Wales)

Audited Financial Statements

for the Year Ended 31 March 2020

for

OLDSWINFORD ENTERPRISES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

Directors:

M Wilcox

P W Mason

P T Kilbride

C R Edwards

Secretary:

Mrs L A Green

Registered office:

Hagley Road

Stourbridge

West Midlands

DY8 1QX

Registered number:

02716913 (England and Wales)

Auditors:

Haines Watts Birmingham LLP

5-6 Greenfield Crescent

Edgbaston

Birmingham

B15 3BE

Bankers:

HSBC Plc

114 High Street

Stourbridge

West Midlands

DY8 1LU

Current assets

Debtors

4

1,499

8,446

Cash at bank

69,498

50,301

70,997

58,747

Creditors

Amounts falling due within one year

5

69,429

57,179

Net current assets

1,568

1,568

Total assets less current liabilities

1,568

1,568

Capital and reserves

Called up share capital

2

2

Retained earnings

1,566

1,566

Shareholders' funds

1,568

1,568

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2020 and were signed on its behalf by:

M Wilcox - Director

1.	Statutory information

Oldswinford Enterprises Limited 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.

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.

The significant accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented unless otherwise stated.

Going concern

The directors continue to adopt the going concern basis in preparing the financial statements as the company

has adequate support and resources to continue in operational existence for the foreseeable future.

Turnover

The turnover shown in the profit and loss account represents amounts receivable for lettings during the year,

exclusive of Value Added Tax.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the profit and loss account in other

administrative expenses.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual

arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any

contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.	Employees and directors

The average number of employees during the year was NIL (2019 - NIL).

4.

Debtors: amounts falling due within one year

2020

2019

£

£

Trade debtors

359

976

Other debtors

299

-

VAT

-

6,707

Prepayments and accrued income

841

763

1,499

8,446

5.

Creditors: amounts falling due within one year

2020

2019

£

£

Amounts due to Boarding Account

45,686

12,299

VAT

3,891

-

Other creditors

16,168

40,189

Accruals and deferred income

3,684

4,691

69,429

57,179

6.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Kevin Hodgetts (Senior Statutory Auditor)

for and on behalf of Haines Watts Birmingham LLP

7.	Related party transaction

The shareholders of the company are Governors of Old Swinford Hospital, a Voluntary Aided Boarding and Day

school. The company's activities are carried out entirely for the benefit of Old Swinford Hospital.

During the year, expenditure totalling £22,501 (2019: £28,788) was recharged to the company by The Boarding

Account of Old Swinford Hospital.

The company made a charitable donation of £42,302 (2019: £32,118) to the registered charity also named Old

Swinford Hospital.

At the year end, the company owed £45,686 (2018: £12,299) to The Boarding Account of Old Swinford

Hospital.

During the year, expenditure totalling £38,366 (2019: £38,138) was recharged to the company by Old Swinford

Services Limited, a company with common directors.