Saddlegreen Limited - Dormant accounts - members and to registrar (filleted) 21.1

REGISTERED NUMBER: 04071628 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

SADDLEGREEN LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

2

CREDITORS

Amounts falling due within one year

4

1,200

NET CURRENT LIABILITIES

(1,200

)

(1,200

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,200

)

(1,200

)

CREDITORS

Amounts falling due after more than one
year

5

78,300

NET LIABILITIES

(79,500

)

(79,500

)

CAPITAL AND RESERVES

Called up share capital

6

4,619

Retained earnings

(84,119

)

(84,119

)

SHAREHOLDERS' FUNDS

(79,500

)

(79,500

)

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 and authorised for issue by the Board of Directors and authorised for issue on 26 August 2022 and were signed on its behalf by:

U N Ahmad - Director

1.	STATUTORY INFORMATION

Saddlegreen Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04071628

Registered office:

66 Talbot Avenue

Slough

SL3 8DE

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

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.

Going concern

The financial statements have been prepared on a going concern basis.

As at the balance sheet date, the company had net liabilities of £79,500,000 (2020 - £79,500,000) so the applicability of the going concern basis is dependant upon the continued support of the company;s creditors and financiers.

In the directors' opinion, the company has the support of its creditors and financiers for the foreseeable future and therefore they considered it appropriate to prepare the financial statements on a going concern basis.

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 3 (2020 - 3 ) .

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£'000

Amounts owed to group undertakings

1,200

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2021

2020

£'000

Bank loans more 5 yrs non-inst

78,300

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

78,300

All the company borrowings are secured by cross guarantees from various companies within the Perkins Foods Holdings Limited group and fixed and floating charges across specific assets with the group. The loans are non-interest bearing.

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£'000

4,618,501

Ordinary

£1

4,619

7.	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.

The family of a former director are the holders of the deep discounted bonds of £35,000,000 (2020 - £35,000,000)

8.	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.