Bath Road Cheltenham Limited Filleted accounts for Companies House (small and micro)

BATH ROAD CHELTENHAM LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 03800447

Bath Road Cheltenham Limited

Filleted Unaudited Financial Statements

30 April 2020

Bath Road Cheltenham Limited

Statement of Financial Position

30 April 2020

	2020		2019
Note	£	£	£

Fixed assets

Tangible assets	4	773,693	773,693
Investments	5	10,295	10,295
		---------	---------
		783,988	783,988

Current assets

Debtors	6	123,875,499	113,745,494
Cash at bank and in hand		9,916,030	22,094,339
		--------------	--------------
		133,791,529	135,839,833

Creditors: amounts falling due within one year	7	125,705,374		128,570,093
		--------------		--------------
Net current assets			8,086,155	7,269,740
			------------	------------
Total assets less current liabilities			8,870,143	8,053,728
			------------	------------

Capital and reserves

Called up share capital	1,022,654	1,022,654
Profit and loss account	7,847,489	7,031,074
	------------	------------
Shareholders funds	8,870,143	8,053,728
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 30 April 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 ;

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

Bath Road Cheltenham Limited

Statement of Financial Position (continued)

30 April 2020

These financial statements were approved by the board of directors and authorised for issue on 29 July 2021 , and are signed on behalf of the board by:

Mr.H Feldman

Director

Company registration number: 03800447

Bath Road Cheltenham Limited

Notes to the Financial Statements

Year ended 30 April 2020

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1, Hallswelle House, London, NW11 0DH.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

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.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

The investment property is included in the accounts at the original cost as it was only acquired in the current year. All fixed asset investments are recorded at cost.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with significant changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Tangible assets

	Land and buildings
	£
Cost
At 1 May 2019 and 30 April 2020	773,693
	---------
Depreciation
At 1 May 2019 and 30 April 2020	–
	---------
Carrying amount
At 30 April 2020	773,693
	---------
At 30 April 2019	773,693
	---------

5. Investments

	Other investments other than loans
	£
Cost
At 1 May 2019 and 30 April 2020	10,295
	--------
Impairment
At 1 May 2019 and 30 April 2020	–
	--------

Carrying amount
At 30 April 2020	10,295
	--------
At 30 April 2019	10,295
	--------

These comprise quoted shares.The value of those investments is not materially different from the cost as incorporated in the accounts.

6. Debtors

	2020	2019
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	44,146,466	30,617,328
Other debtors	79,729,033	83,128,166
	--------------	--------------
	123,875,499	113,745,494
	--------------	--------------

7. Creditors: amounts falling due within one year

	2020	2019
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	115,980,369	119,359,087
Other creditors	9,725,005	9,211,006
	--------------	--------------
	125,705,374	128,570,093
	--------------	--------------

8. Related party transactions

The ultimate parent company is Inremco 26 Ltd, which is registered in England and Wales. The largest group in which the results of the company are consolidated is that headed by Inremco 26 Limited. The smallest group in which the results of the company are consolidated is that headed by Inremco 26 Limited. The consolidated accounts of the group are available to the public at the company's registered office namely Hallswelle House,1 Hallswelle Road, London NW11 0DH. The company has taken advantage of the exemption in Financial Reporting Standard No 8 from disclosing transactions with related parties that are part of the Inremco 26 Limited group and investees of that group.