| Ben Cruise Holdings Limited |
| Registered number: |
08899060 |
| Balance Sheet |
| as at 28 February 2022 |
|
| Notes |
|
|
2022 |
|
|
2021 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
1,246,483 |
|
|
1,246,483 |
| Investments |
4 |
|
|
33 |
|
|
33 |
|
|
|
|
1,246,516 |
|
|
1,246,516 |
|
| Current assets |
| Debtors |
5 |
|
- |
|
|
1,250 |
| Cash at bank and in hand |
|
|
24,650 |
|
|
27,626 |
|
|
|
24,650 |
|
|
28,876 |
|
| Creditors: amounts falling due within one year |
6 |
|
(214,272) |
|
|
(226,954) |
|
| Net current liabilities |
|
|
|
(189,622) |
|
|
(198,078) |
|
| Total assets less current liabilities |
|
|
|
1,056,894 |
|
|
1,048,438 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(742,548) |
|
|
(799,150) |
|
| Net assets |
|
|
|
314,346 |
|
|
249,288 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
34 |
|
|
34 |
| Profit and loss account |
|
|
|
314,312 |
|
|
249,254 |
|
| Shareholder's funds |
|
|
|
314,346 |
|
|
249,288 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| B J Cruise |
| Director |
| Approved by the board on 3 October 2022 |
|
| Ben Cruise Holdings Limited |
| Notes to the Accounts |
| for the year ended 28 February 2022 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents the value of rental income received in respect of the investment property. To the extent that income received relates to future periods, it is deferred for release in the period to which it relates. |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Investment property |
|
Investment property is initially measured at cost and subsequently at fair value with any change therein recognised in profit or loss. |
|
|
Any gain or loss on disposal of investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in profit or loss. When investment property that was previously classified as property, plant and equipment is sold, any related amount in the revaluation reserve is transferred to retained earnings. |
|
| 2 |
Employees |
2022 |
|
2021 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
At 1 March 2021 |
1,246,483 |
|
At 28 February 2022 |
1,246,483 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 28 February 2022 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 28 February 2022 |
1,246,483 |
|
At 28 February 2021 |
1,246,483 |
|
|
| 4 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 March 2021 |
33 |
|
|
At 28 February 2022 |
33 |
|
|
|
Investments comprise 33 £1 ordinary shares held in Portable Toilets Limited. |
|
|
| 5 |
Debtors |
2022 |
|
2021 |
| £ |
£ |
|
|
Trade debtors |
- |
|
1,250 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2022 |
|
2021 |
| £ |
£ |
|
|
Bank loans and overdrafts |
45,311 |
|
43,484 |
|
Director's loan |
|
|
|
|
122,782 |
|
134,749 |
|
Taxation and social security costs |
18,039 |
|
20,706 |
|
Other creditors |
28,140 |
|
28,015 |
|
|
|
|
|
|
214,272 |
|
226,954 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2022 |
|
2021 |
| £ |
£ |
|
|
Bank loans |
626,961 |
|
671,063 |
|
Other creditors |
115,587 |
|
128,087 |
|
|
|
|
|
|
742,548 |
|
799,150 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Loans |
2022 |
|
2021 |
| £ |
£ |
|
Creditors include: |
|
Instalments falling due for payment after more than five years |
434,335 |
|
487,751 |
|
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
672,272 |
|
724,219 |
|
|
|
|
|
|
|
|
|
|
The bank loans are secured by mortgages over the investment properties. |
|
| 9 |
Loans from directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
BJ Cruise |
|
Funding loan made by the director on which there is no interest charged and no fixed repayment terms. |
(134,749) |
|
- |
|
11,967 |
|
(122,782) |
|
|
|
(134,749) |
|
- |
|
11,967 |
|
(122,782) |
|
|
|
|
|
|
|
|
|
|
| 10 |
Related party transactions |
|
|
Income is from the rental of property to Portable Toilets Limited, a company in which Ben Cruise Holdings Limited holds shares and Mr BJ Cruise holds the position of director. Rental is calculated on an arms length basis. |
|
|
Portable Toilets Limited has loaned funds to Ben Cruise Holdings Limited. There are no fixed repayment terms for this loan and no interest is charged. The amount outstanding at the year end was £128,087 (2021 - £140,587). |
|
|
| 11 |
Controlling party |
|
|
The company is controlled by Mr BJ Cruise, based on his shareholding. |
|
|
| 12 |
Other information |
|
|
Ben Cruise Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Unit 12 |
|
Abergarw Trading Estate |
|
Bridgend |
|
CF32 9LW |
