Showland (Kidderminster) Limited 31/05/2021 iXBRL
Showland (Kidderminster) Limited 31/05/2021 iXBRL
Company registration number:
8547979
Contents
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Statement of financial position
31 May 2021
2021 | 2020 | ||||||||
Note | £ | £ | £ | £ | |||||
Current assets | |||||||||
Debtors | 5 |
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Creditors: amounts falling due | |||||||||
within one year | 6 |
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Net current assets |
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_______ | _______ | ||||||||
Total assets less current liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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_______ | _______ | ||||||||
Shareholders funds |
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Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
24 December 2021
, and are signed on behalf of the board by:
Director
Company registration number:
8547979
Statement of changes in equity
Year ended 31 May 2021
Called up share capital | Profit and loss account | Total | |||
£ | £ | £ | |||
At 1 June 2019 |
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Profit for the year |
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_______ | _______ | _______ | |||
Total comprehensive income for the year | - |
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At 31 May 2020 and 1 June 2020 |
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62,478 | 62,577 | ||
Profit for the year |
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_______ | _______ | _______ | |||
Total comprehensive income for the year | - |
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At 31 May 2021 |
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Notes to the financial statements
Year ended 31 May 2021
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Kings Barn, 34 Thame Road, Warborough, Wallingford, Oxfordshire, OX10 7DA.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2020:
3
).
5.
Debtors
2021 | 2020 | |||
£ | £ | |||
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Other debtors |
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_______ | _______ | |||
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6.
Creditors: amounts falling due within one year
2021 | 2020 | |||
£ | £ | |||
Corporation tax |
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Other creditors |
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_______ | _______ | |||
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The Company is party to a composite Loan Agreement in the sum of £6,300,000 between a major UK financing institution, the Company, Showland Investments Limited, Showland Kidderminster Limited and three limited partnerships. The major part of this loan (95%) is at a fixed rate of interest, whilst the balance is at a floating rate. A small proportion of the loan is redeemable over the term of the loan with the balance repayable on the fifth anniversary of the loan. All the properties owned by the individual limited partnerships and the associated companies are subject to a first charge on the properties they own in support of the loan which has been allocated between the various entities which, in turn, are each jointly and severally responsible for that liability.