Birch Vale Quarry Limited - Period Ending 2021-03-31

Birch Vale Quarry Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 5

Birch Vale Quarry Limited

Company Information

Directors

Mrs D Allinson Mr C A Allinson

Company secretary

Mrs D Allinson

Registered office

Riverside House Kings Reach Business Park Yew Street Stockport Cheshire SK4 2HD

Accountants

Hallidays Chartered Accountants Riverside House Kings Reach Business Park Yew Street Stockport Cheshire SK4 2HD

Birch Vale Quarry Limited

(Registration number: 00963545)
Balance Sheet as at 31 March 2021

	Note	2021 £	2020 £
Fixed assets
Tangible assets	4	103,735	103,747
Creditors: Amounts falling due within one year	5	(53,963)	(53,517)
Net assets		49,772	50,230
Capital and reserves
Called up share capital		100	100
Share premium reserve		6,900	6,900
Revaluation reserve		60,000	60,000
Profit and loss account		(17,228)	(16,770)
Shareholders' funds		49,772	50,230

For the financial year ending 31 March 2021 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 22 December 2021 and signed on its behalf by:
 

......................................... Mr C A Allinson Director

Birch Vale Quarry Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2021

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Riverside House
Kings Reach Business Park
Yew Street
Stockport
Cheshire
SK4 2HD

These financial statements were authorised for issue by the Board on 22 December 2021.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	15% reducing balance

The freehold land and buildings has not been depreciated.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Birch Vale Quarry Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2021

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2020 - 0).

4	Tangible assets

	Freehold land and buildings £	Office equipment  £	Total £
Cost or valuation
At 1 April 2020	103,668	8,897	112,565
At 31 March 2021	103,668	8,897	112,565
Depreciation
At 1 April 2020	-	8,818	8,818
Charge for the year	-	12	12
At 31 March 2021	-	8,830	8,830
Carrying amount
At 31 March 2021	103,668	67	103,735
At 31 March 2020	103,668	79	103,747

Included within the net book value of land and buildings above is £103,668 (2020 - £103,668) in respect of freehold land and buildings.
 

Birch Vale Quarry Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2021

Revaluation

The fair value of the company's land and buildings was revalued on 30 September 1977. An independent valuer was not involved.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £37,668 (2020 - £39,168).

5

Creditors

Creditors: amounts falling due within one year

	2021 £	2020 £
Due within one year
Amounts owed to group undertakings and undertakings in which the company has a participating interest	7,061	6,441
Other creditors	46,902	47,076
	53,963	53,517