8013B Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 12245974 (England and Wales)

8013B LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2021

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

D G Hallam

Mrs R Hallam

REGISTERED OFFICE:

Mill Farm

Mill Lane

Saxilby

Lincoln

LN1 2HN

REGISTERED NUMBER:

12245974 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

FIXED ASSETS

Investments

4

7,209,291

3,739,836

CURRENT ASSETS

Debtors

5

-

173,901

Cash at bank

2,101,787

108

2,101,787

174,009

CREDITORS

Amounts falling due within one year

6

8,169,212

4,622,868

NET CURRENT LIABILITIES

(6,067,425

)

(4,448,859

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,141,866

(709,023

)

PROVISIONS FOR LIABILITIES

161,060

-

NET ASSETS/(LIABILITIES)

980,806

(709,023

)

CAPITAL AND RESERVES

Called up share capital

7

100

100

Non-distributable reserve

8

851,507

-

Retained earnings

8

129,199

(709,123

)

SHAREHOLDERS' FUNDS

980,806

(709,023

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2022 and were signed on its behalf by:

D G Hallam - Director

1.	STATUTORY INFORMATION

8013B 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.

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

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 as modified by the revaluation of certain assets.

Taxation

Taxation for the year 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

Investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Going concern

Following the impact of Covid-19, these accounts have been prepared on a going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Interest and dividends receivable

Interest income is recognised using the effective interest method and dividend income is recognised as the company’s right to receive payment is established.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 November 2020

3,739,836

Additions

1,704,500

Revaluations

1,764,955

At 31 October 2021

7,209,291

NET BOOK VALUE

At 31 October 2021

7,209,291

At 31 October 2020

3,739,836

Cost or valuation at 31 October 2021 is represented by:

Other

investments

£

Valuation in 2020

(913,448

)

Valuation in 2021

1,764,955

Cost

6,357,784

7,209,291

The fair value of listed investments is determined by reference to the quoted price for identical assets in an active market at the statement of financial position date

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other debtors

-

173,901

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other creditors

8,169,212

4,622,868

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

100

Ordinary Class A

£1

100

100

8.

RESERVES

Retained

Non-distributable

earnings

reserve

Totals

£

£

£

At 1 November 2020

(709,123

)

-

(709,123

)

Profit for the year

1,689,829

1,689,829

Transfer

(851,507

)

851,507

-

At 31 October 2021

129,199

851,507

980,706

Non-distributable reserve

Where financial instruments are measured at fair value a transfer is made to the non-distributable reserve, instead of a transfer to retained earnings, to assist with the identification of profits available for distribution.

Profit and loss account

The profit and loss account represents cumulative profits and losses net of dividends and other adjustments