Salboy BP SPV 4 Limited - Period Ending 2021-03-31

Salboy BP SPV 4 Limited

Contents

Balance Sheet	1
Statement of Changes in Equity	2
Notes to the Financial Statements	3 to 5

Salboy BP SPV 4 Limited

(Registration number: 12397729)
Balance Sheet as at 31 March 2021

	Note	2021 £
Current assets
Stocks	4	1,901,514
Debtors	5	90,977
Cash at bank and in hand		397
		1,992,888
Creditors: Amounts falling due within one year	6	(1,995,914)
Net liabilities		(3,026)
Capital and reserves
Called up share capital		1
Profit and loss account		(3,027)
Shareholders' deficit		(3,026)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Directors' Report has been taken.

Approved and authorised by the Board on 21 September 2021 and signed on its behalf by:
 

......................................... Mr S A Ismail Director

Salboy BP SPV 4 Limited

Statement of Changes in Equity for the Period from 10 January 2020 to 31 March 2021

	Share capital £	Profit and loss account £	Total £
Loss for the period	-	(3,027)	(3,027)
Total comprehensive income	-	(3,027)	(3,027)
New share capital subscribed	1	-	1
At 31 March 2021	1	(3,027)	(3,026)

Salboy BP SPV 4 Limited

Notes to the Financial Statements for the Period from 10 January 2020 to 31 March 2021

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 3 Dewhurst Road
Birchwood
Warrington
WA3 7GB
England

These financial statements were authorised for issue by the Board on 21 September 2021.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Disclosure of long or short period

These accounts are for the period 10 January 2020 to 31 March 2021 which is a long period. The reason for this change is that the directors considered that a year end date of 31 March 2021 would allow the financial statements of the group company to provide more useful information.

Going concern

The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through funds provided by the parent company. The directors consider that these facilities will continue to be made available to the company. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result if the going concern basis were not appropriate.

Audit report
The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 24 September 2021 was Matthew Geoffrey Price, who signed for and on behalf of Alextra Audit Limited.

Salboy BP SPV 4 Limited

Notes to the Financial Statements for the Period from 10 January 2020 to 31 March 2021

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Stocks

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs, borrowing costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4

Stocks

	2021 £
Work in progress	1,901,514

5

Debtors

	2021 £
Other debtors	90,977
	90,977

Salboy BP SPV 4 Limited

Notes to the Financial Statements for the Period from 10 January 2020 to 31 March 2021

6

Creditors

Creditors: amounts falling due within one year

	2021 £
Due within one year
Trade creditors	21,072
Owed to group undertakings	1,776,903
Accruals and deferred income	197,939
	1,995,914

Included within 'Owed to group undertakings' is £1,776,903 in relation to a loan which is secured by fixed and floating charge 14 October 2020 over all the property or undertaking of the company and the Land to the rear of 36 Beulah Road.

7	Parent and ultimate parent undertaking

The company's immediate parent is Salboy BP Limited, incorporated in England and Wales.

 The ultimate parent is Salboy Limited, incorporated in England and Wales.

 

The parent of the largest group in which these financial statements are consolidated is Salboy Limited, incorporated in England and Wales.

The address of Salboy Limited is:
Unit 3 Birchwood One Business Park
Dewhurst Road
Birchwood
Warrington
England
WA3 7GB

The company has taken advantage of the exemption from disclosure of intra group transactions in accordance with FRS102 paragraph 33.1A. These accounts are consolidated within the group financial statements prepared by Salboy Limited.