BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED - Company Information

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BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

Company Registration Number:
00743063 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2021

Period of accounts

Start date: 01 April 2020

End date: 31 March 2021

BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2021

Balance sheet
Notes

BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

Balance sheet

As at 31 March 2021


Notes
2021
2020


£
£
Fixed assets
Tangible assets: 3 2,898,841 2,896,971
Total fixed assets: 2,898,841 2,896,971
Current assets
Debtors:   387,393 563,016
Cash at bank and in hand: 344,002 121,717
Total current assets: 731,395 684,733
Creditors: amounts falling due within one year:   (811,661) (760,196)
Net current assets (liabilities): (80,266) (75,463)
Total assets less current liabilities: 2,818,575 2,821,508
Creditors: amounts falling due after more than one year: 4 (1,200,000) (1,200,000)
Total net assets (liabilities): 1,618,575 1,621,508
Capital and reserves
Called up share capital: 4,000 4,000
Revaluation reserve:51,323,3691,323,369
Other reserves: 2,540 2,540
Profit and loss account: 288,666 291,599
Shareholders funds: 1,618,575 1,621,508

The notes form part of these financial statements

BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

Balance sheet statements

For the year ending 31 March 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 December 2021
and signed on behalf of the board by:

Name: M P THORPE
Status: Director

The notes form part of these financial statements

BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents net invoiced goods and services, excluding VAT

Tangible fixed assets and depreciation policy

Depreciation is provided on all tangible fixed assets, other than freehold property, on the reducing balance basis at rates calculated to write off the cost, less estimated residual value of each asset over its expected useful life.

Valuation and information policy

Freehold property is included at a professional valuation, at open market value, in November 2008.

BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

2. Employees

2021 2020
Average number of employees during the period 11 11

BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

3. Tangible Assets

Total
Cost £
At 01 April 2020 3,159,374
Additions 28,855
At 31 March 2021 3,188,229
Depreciation
At 01 April 2020 262,403
Charge for year 26,985
At 31 March 2021 289,388
Net book value
At 31 March 2021 2,898,841
At 31 March 2020 2,896,971

BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

4. Creditors: amounts falling due after more than one year note

Loan finance from Hawk Property Development Company Limited, holding company, with no fixed repayment date.

BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

5. Revaluation reserve

2021
£
Balance at 01 April 2020 1,323,369
Surplus or deficit after revaluation 0
Balance at 31 March 2021 1,323,369

BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

6. Financial commitments

At 31st March the company was committed to making payments under non-cancellable operating leases, which expire between 2 and 5 years, amounting to £2680 annually.

BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

7. Related party transactions

Name of the related party: Bembridge Boat Storage Limited
Relationship:
Associate Company
Description of the Transaction: Current Account Loan
£
Balance at 01 April 2020 71,625
Balance at 31 March 2021 100,888
Name of the related party: Bembridge Investments Limited
Relationship:
Associate Company
Description of the Transaction: Current Account Loan
£
Balance at 01 April 2020 488,731
Balance at 31 March 2021 295,231
Name of the related party: Hawk Property Development Company Limited
Relationship:
Holding Company
Description of the Transaction: Current Account loan
£
Balance at 01 April 2020 207,165
Balance at 31 March 2021 80,932