That Bournemouth Company 4 Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 12318939 (England and Wales)

THAT BOURNEMOUTH COMPANY 4 LIMITED

Unaudited Financial Statements

for the Year Ended 31 December 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

S A Brown

R S Kelvin CBE

P S Tisdale

Registered office:

F4 Beehive Yard

Bath

BA1 5BT

Registered number:

12318939 (England and Wales)

Accountants:

Haines Watts

Chartered Accountants

250 Fowler Avenue

Farnborough

Hampshire

GU14 7JP

Fixed assets

Tangible assets

4

279,673

135,221

Current assets

Debtors

5

36,467

44,220

Creditors

Amounts falling due within one year

6

322,298

182,451

Net current liabilities

(285,831

)

(138,231

)

Total assets less current liabilities

(6,158

)

(3,010

)

Capital and reserves

Called up share capital

7

100

100

Retained earnings

(6,258

)

(3,110

)

Shareholders' funds

(6,158

)

(3,010

)

The company is entitled to exemption from audit under Section 477 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 September 2022 and were signed on its behalf by:

S A Brown - Director

1.	Statutory information

That Bournemouth Company 4 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

Accounting convention

These financial statements have been prepared in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Going Concern

In common with other businesses, the company is mindful of the COVID-19 virus and the unprecedented impact it is having on economic activity. At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and the ultimate controlling party will give continued support and the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Land and buildings represent assets under construction relating to a development project, which is included at cost. There has been no depreciation charged as the project is not yet fully completed.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include debtors are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from connected companies companies, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

3.	Employees and directors

The average number of employees during the year was 3 (2020 - 3 ) .

4.	Tangible fixed assets

Land and

Building

£

Cost

At 1 January 2021

135,221

Additions

144,452

At 31 December 2021

279,673

Net book value

At 31 December 2021

279,673

At 31 December 2020

135,221

5.

Debtors: amounts falling due within one year

2021

2020

£

£

Amounts owed by group undertakings

26

-

Other debtors

36,441

44,220

36,467

44,220

6.

Creditors: amounts falling due within one year

2021

2020

£

£

Trade creditors

13,118

97,915

Other creditors

309,180

84,536

322,298

182,451

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

100

Ordinary shares

£1

100

100

8.	Related party disclosures

The company has taken advantage of the exemption in FRS 102 from the requirement to disclose transactions with group companies

9.	Parent company

The Company's ultimate parent company is That Holdco Limited, a company incorporated in England and Wales.