Fifthdrive Limited - Dormant accounts - members and to registrar (filleted) 21.1
Fifthdrive Limited - Dormant accounts - members and to registrar (filleted) 21.1
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2021 |
| FOR |
| FIFTHDRIVE LIMITED |
| FIFTHDRIVE LIMITED (REGISTERED NUMBER: 04071711) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2021 |
| Page |
| Balance Sheet | 1 |
| Notes to the Financial Statements | 2 |
| FIFTHDRIVE LIMITED (REGISTERED NUMBER: 04071711) |
| BALANCE SHEET |
| 31 DECEMBER 2021 |
| 2021 | 2020 |
| Notes | £'000 | £'000 |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on |
| FIFTHDRIVE LIMITED (REGISTERED NUMBER: 04071711) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2021 |
| 1. | STATUTORY INFORMATION |
| Fifthdrive Limited is a |
| Registered number: |
| Registered office: |
| The company did not trade during the year. |
| The company and the group continue to wind up the business in an orderly manner and complete a |
| litigation process that the company anticipates will result in a refund of corporation tax to the group as a whole.The company and the group continue to receive the support of the family of the majority |
| shareholder, who is also the majority bondholder. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Debtors |
| Short term debtors are measured at transaction price, less any impairment. Loans receivable are |
| measure initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2021 | 2020 |
| value: | £ | £ |
| Ordinary | £1 | 4,618,501 | 4,618,501 |
| 5. | RELATED PARTY DISCLOSURES |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| FIFTHDRIVE LIMITED (REGISTERED NUMBER: 04071711) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2021 |
| 6. | ULTIMATE CONTROLLING PARTY |
| The company's immediate and ultimate parent undertaking is Perkins Foods Holdings Limited, a company incorporated in England and Wales. |
| The ultimate controlling party is P M Butt. |