Catteshall Manor Godalming Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11967028 (England and Wales)

Catteshall Manor Godalming Ltd

Unaudited Financial Statements

for the Period 1 May 2020 to 31 March 2021

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs D K Basi

REGISTERED OFFICE:

Clijon Farm

Whitehall Road

Meopham

Kent

DA13 0NY

REGISTERED NUMBER:

11967028 (England and Wales)

ACCOUNTANTS:

Aggarwal & Co Limited

Chartered Accountants

5 London Road

Rainham

Gillingham

Kent

ME8 7RG

CURRENT ASSETS

Inventories

4,797,599

3,221,405

Debtors

4

611,071

10,131

Cash at bank

-

54,329

5,408,670

3,285,865

CREDITORS

Amounts falling due within one year

5

5,366,656

3,294,225

NET CURRENT ASSETS/(LIABILITIES)

42,014

(8,360

)

TOTAL ASSETS LESS CURRENT LIABILITIES

42,014

(8,360

)

CREDITORS

Amounts falling due after more than one year

6

40,833

-

NET ASSETS/(LIABILITIES)

1,181

(8,360

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,081

(8,460

)

SHAREHOLDERS' FUNDS

1,181

(8,360

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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

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

The financial statements were approved by the director and authorised for issue on 7 December 2021 and were signed by:

Mrs D K Basi - Director

1.	STATUTORY INFORMATION

Catteshall Manor Godalming Ltd 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.

Income recognition

Income represents the fair value of consideration received or receivable derived from the provision of goods and services to customers during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Inventories

Inventories and work in progress are measured at the lower of cost and estimated selling price less costs to complete and sell.

In respect of work in progress, cost includes an appropriate proportion of attributable overheads according to the stage of manufacture/completion.

Financial instruments

The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties. Basic financial instruments are recognised at amortised cost.

Taxation

Taxation for the period 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.

Going concern

The financial statements have been prepared on a going concern basis. While the impact of the COVID-19 virus has been assessed by the directors so far as reasonably possible, due to its unprecedented impact on the wider economy, it is difficult to evaluate with any certainty the potential outcomes on the company's trade, its customers and suppliers. However, taking into consideration the UK Government's response/financial support and the company's planning, the directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future.

Government grants

Government grants in relation to COVID-19 are recognised on the accruals basis and credited to the Income Statement and any related expenditure is charged to the Income Statement.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2020 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other debtors

611,071

10,131

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

133,726

-

Trade creditors

72,737

-

Taxation and social security

93,367

-

Other creditors

5,066,826

3,294,225

5,366,656

3,294,225

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

40,833

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

833

-

7.	RELATED PARTY DISCLOSURES

Included within other creditors are amounts due to:

Basi Developments Limited - Parent Company - £4,099,900

8.	ULTIMATE CONTROLLING PARTY

The parent undertaking is Basi Developments Limited registered at 5 London Road, Rainham, Gillingham, Kent ME8 7RG United Kingdom and trading from Clijon Farm, Whitehalll Road, Meopham, Kent DA13 0NY United Kingdom.