BPC Boundary Street Limited - Accounts to registrar (filleted) - small 18.2

BPC Boundary Street Limited - Accounts to registrar (filleted) - small 18.2

BPC BOUNDARY STREET LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v21.1.6.35 11208978 Board of Directors 1.10.19 30.9.20 30.9.20 21.6.21 0 0 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure112089782019-09-30112089782020-09-30112089782019-10-012020-09-30112089782018-09-30112089782018-10-012019-09-30112089782019-09-3011208978ns16:EnglandWales2019-10-012020-09-3011208978ns15:PoundSterling2019-10-012020-09-3011208978ns11:Director12019-10-012020-09-3011208978ns11:PrivateLimitedCompanyLtd2019-10-012020-09-3011208978ns11:SmallEntities2019-10-012020-09-3011208978ns11:Audited2019-10-012020-09-3011208978ns11:SmallCompaniesRegimeForDirectorsReport2019-10-012020-09-3011208978ns11:SmallCompaniesRegimeForAccounts2019-10-012020-09-3011208978ns11:AbridgedAccounts2019-10-012020-09-3011208978ns11:Director22019-10-012020-09-3011208978ns11:CompanySecretary12019-10-012020-09-3011208978ns11:CompanySecretary22019-10-012020-09-3011208978ns11:RegisteredOffice2019-10-012020-09-3011208978ns6:CurrentFinancialInstruments2020-09-3011208978ns6:CurrentFinancialInstruments2019-09-3011208978ns6:Non-currentFinancialInstruments2020-09-3011208978ns6:Non-currentFinancialInstruments2019-09-3011208978ns6:ShareCapital2020-09-3011208978ns6:ShareCapital2019-09-3011208978ns6:RetainedEarningsAccumulatedLosses2020-09-3011208978ns6:RetainedEarningsAccumulatedLosses2019-09-3011208978ns6:Secured2020-09-3011208978ns6:Secured2019-09-30
REGISTERED NUMBER: 11208978 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2020

FOR

BPC BOUNDARY STREET LIMITED
BPC BOUNDARY STREET LIMITED (REGISTERED NUMBER: 11208978)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2020




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 3


BPC BOUNDARY STREET LIMITED

COMPANY INFORMATION
for the year ended 30 September 2020







DIRECTORS: Mr B Knight
Mr P J Johnson





SECRETARIES: Mrs A Knight
Ms N J Parmenter





REGISTERED OFFICE: 19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD





REGISTERED NUMBER: 11208978 (England and Wales)





AUDITORS: Raffingers LLP
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD
Page 1
BPC BOUNDARY STREET LIMITED (REGISTERED NUMBER: 11208978)

ABRIDGED STATEMENT OF FINANCIAL POSITION
30 September 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2,641,742 2,641,742

CURRENT ASSETS
Debtors 2,981 2,952
Cash at bank 8,236 30,958
11,217 33,910
CREDITORS
Amounts falling due within one year 1,248,811 1,295,540
NET CURRENT LIABILITIES (1,237,594 ) (1,261,630 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,404,148
1,380,112

CREDITORS
Amounts falling due after more than one year 5 1,353,316 1,339,982
NET ASSETS 50,832 40,130

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 50,831 40,129
50,832 40,130

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 30 September 2020 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 June 2021 and were signed on its behalf by:





Mr B Knight - Director


The notes form part of these financial statements

Page 2
BPC BOUNDARY STREET LIMITED (REGISTERED NUMBER: 11208978)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2020

1. STATUTORY INFORMATION

BPC Boundary Street 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The assessment as to whether the going concern basis is appropriate takes into account events after the reporting period. The outbreak of Covid 19 pandemic in early 2020 presents uncertainties in relation to future financial performance. Due to the uncertainty over the severity and duration of the economic impact of Covid 19, different scenarios were considered to assess the potential economic impact on the company. Based on the analysis, the directors consider that it remains appropriate to prepare the financial statements on a going concern basis.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or cancelled.

The company holds the following financial instruments, all of which meet the conditions to be classified as basic instruments:

- Cash, short term trade debtors and creditors

Such instruments are initially measured at transaction price, transaction costs, and are subsequently carried at the undiscounted amount of cash or other consideration expected to be paid or received, after taking account of impairment adjustment.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


Page 3 continued...
BPC BOUNDARY STREET LIMITED (REGISTERED NUMBER: 11208978)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2020

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Investments
Investments are stated at cost less provision for diminution in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 October 2019
and 30 September 2020 2,641,742
NET BOOK VALUE
At 30 September 2020 2,641,742
At 30 September 2019 2,641,742

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2020 2019
£    £   
Repayable by instalments
Bank loans 1,079,316 974,259

6. SECURED DEBTS

The following secured debts are included within creditors:

2020 2019
£    £   
Bank loans 1,393,316 1,425,329

The security is held over the fixed asset investment of the company.

Page 4 continued...
BPC BOUNDARY STREET LIMITED (REGISTERED NUMBER: 11208978)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2020

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Thurairatnam Sudarshan FCCA (Senior Statutory Auditor)
for and on behalf of Raffingers LLP

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

10. AUDITOR LIABILITY LIMITATION AGREEMENT

The company has entered into a liability limitation agreement with Raffingers, the statutory auditor, in respect of the statutory audit for the year ended 30 September 2020. The proportionate liability agreement follows the standard terms in Appendix B to the Financial Reporting Council's June 2008 Guidance on Auditor Liability Agreements, and was approved by the directors on 14 September 2020.

11. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the current period by the directors, by virtue of their ownership of the entire issued share capital of the parent company, BPC Interiors Holdings Limited.

Page 5