Burton Waterloo Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11358127 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 JUNE 2019 TO 30 SEPTEMBER 2020

FOR

BURTON WATERLOO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

Mr F A Frisenda

Mr P A Szydlik

Mr T I Walker

Registered office:

1st Floor

Waterside House

Waterside Drive

Wigan

Greater Manchester

WN3 5AZ

Registered number:

11358127 (England and Wales)

Accountants:

NR Barton

1st Floor Waterside House

Waterside Drive

Wigan

Lancashire

WN3 5AZ

CURRENT ASSETS

Stocks

2,085,188

1,088,127

Debtors

4

55,898

29,315

Cash at bank

2,098

18

2,143,184

1,117,460

CREDITORS

Amounts falling due within one year

5

2,219,378

1,159,042

NET CURRENT LIABILITIES

(76,194

)

(41,582

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(76,194

)

(41,582

)

CAPITAL AND RESERVES

Called up share capital

7

200

100

Retained earnings

(76,394

)

(41,682

)

SHAREHOLDERS' FUNDS

(76,194

)

(41,582

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 April 2021 and were signed on its behalf by:

Mr T I Walker - Director

1.	STATUTORY INFORMATION

Burton Waterloo 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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Short term financial assets, including other debtors and cash and bank balances, are measured at the transaction price. Financial assets that have no stated interest rate and are recoverable within one year shall be measured at undiscounted amount due.

Short term financial liabilities, including trade and other creditors, are measured at the transaction price. Financial liabilities that have no stated interest rate and are payable within one year shall be measured at the undiscounted amount due.

Taxation

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

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.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

31.5.19

£

£

Other debtors

55,898

29,315

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

31.5.19

£

£

Amounts owed to group undertakings

799,553

-

Other creditors

1,419,825

1,159,042

2,219,378

1,159,042

6.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.20

31.5.19

£

£

Other loans

1,418,267

1,157,484

The loan is secured by way of a fixed charge over assets held as stock.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.20

31.5.19

value:

£

£

200

Ordinary

1

200

100

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