Big Padlock Group Limited - Limited company accounts 17.3
Big Padlock Group Limited - Limited company accounts 17.3
| REGISTERED NUMBER: |
| Report of the Director and |
| Unaudited Financial Statements for the Year Ended 30 June 2020 |
| for |
| Big Padlock Group Limited |
| Big Padlock Group Limited (Registered number: 02265680) |
| Contents of the Financial Statements |
| for the Year Ended 30 June 2020 |
| Page |
| Company Information | 1 |
| Report of the Director | 2 |
| Income Statement | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 6 |
| Big Padlock Group Limited |
| Company Information |
| for the Year Ended 30 June 2020 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| Big Padlock Group Limited (Registered number: 02265680) |
| Report of the Director |
| for the Year Ended 30 June 2020 |
| The director presents his report with the financial statements of the company for the year ended 30 June 2020. |
| DIRECTOR |
| This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small |
| companies. |
| ON BEHALF OF THE BOARD: |
| Big Padlock Group Limited (Registered number: 02265680) |
| Income Statement |
| for the Year Ended 30 June 2020 |
| 30.6.20 | 30.6.19 |
| Notes | £ | £ | £ | £ |
| TURNOVER |
| Cost of sales |
| GROSS PROFIT |
| Distribution costs |
| Administrative expenses |
| 47,953 | 45,976 |
| OPERATING PROFIT | 4 |
| Interest receivable and similar income |
| 163,051 | 126,771 |
| Interest payable and similar expenses |
| PROFIT BEFORE TAXATION |
| Tax on profit |
| PROFIT FOR THE FINANCIAL YEAR |
| Big Padlock Group Limited (Registered number: 02265680) |
| Balance Sheet |
| 30 June 2020 |
| 30.6.20 | 30.6.19 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| Investments | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Prepayments and accrued income |
| Cash at bank | ( |
) |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Revaluation reserve | 10 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| Big Padlock Group Limited (Registered number: 02265680) |
| Balance Sheet - continued |
| 30 June 2020 |
| The financial statements were approved by the director on |
| Big Padlock Group Limited (Registered number: 02265680) |
| Notes to the Financial Statements |
| for the Year Ended 30 June 2020 |
| 1. | STATUTORY INFORMATION |
| Big Padlock Group Limited is a |
| company's registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Tangible fixed assets |
| 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 balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| Average number of employees 2020 - |
| 4. | OPERATING PROFIT |
| The operating profit is stated after charging: |
| 30.6.20 | 30.6.19 |
| £ | £ |
| Depreciation - owned assets |
| Big Padlock Group Limited (Registered number: 02265680) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2020 |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1 July 2019 |
| and 30 June 2020 |
| DEPRECIATION |
| At 1 July 2019 |
| Charge for year |
| At 30 June 2020 |
| NET BOOK VALUE |
| At 30 June 2020 |
| At 30 June 2019 |
| 6. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST |
| At 1 July 2019 |
| and 30 June 2020 |
| NET BOOK VALUE |
| At 30 June 2020 |
| At 30 June 2019 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.20 | 30.6.19 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.20 | 30.6.19 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| Big Padlock Group Limited (Registered number: 02265680) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2020 |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.6.20 | 30.6.19 |
| £ | £ |
| Bank loans |
| 10. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 July 2019 |
| and 30 June 2020 |
| 11. | RELATED PARTY DISCLOSURES |
| At the year end Big Padlock Group Limited was owed the following amounts from related parties; |
| Company | 2020 | 2019 |
| Centaur Property Estates Ltd | 485,850 | 459,050 |
| Centaur Property Investments Ltd | 30,431 | 21,431 |
| Alan Fernback | 17,400 | 11,400 |
| Centaur Property Company Ltd | 39,200 | 23,000 |
| Centaur Financing Ltd | 25,520 | 4,300 |
| At the year end Big Padlock Group Limited owed the following amounts to related parties; |
| Company | 2020 | 2019 |
| Centaur Property Group Limited | 613,268 | 646,768 |
| Alpenmile Properties Ltd | 29,800 | 33,300 |
| Spedho Ltd | 12,960 | 12,800 |
| Kingsway London Ltd | 25,000 | 40,000 |
| Centaur Property Trading LLP | 1,800 | 1,800 |
| Knowlwood Trading LLP | 8,750 | 13,550 |
| Big Padlock Ayr Limited | 300 | 300 |