Sensible M.B.I. Limited - Accounts to registrar (filleted) - small 22.3
Sensible M.B.I. Limited - Accounts to registrar (filleted) - small 22.3
REGISTERED NUMBER: |
Sensible M.B.I. Limited |
Audited Financial Statements for the Year Ended 30 April 2022 |
Sensible M.B.I. Limited (Registered number: 02881543) |
Contents of the Financial Statements |
for the Year Ended 30 April 2022 |
Page |
Company Information | 1 |
Abridged Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
Sensible M.B.I. Limited |
Company Information |
for the Year Ended 30 April 2022 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants |
and Statutory Auditor |
4 King Square |
Bridgwater |
Somerset |
TA6 3YF |
BANKERS: |
440 Strand |
London |
WC2R 0QS |
Sensible M.B.I. Limited (Registered number: 02881543) |
Abridged Statement of Financial Position |
30 April 2022 |
30.4.22 | 30.4.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 8 |
Retained earnings |
SHAREHOLDERS' FUNDS |
In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Sensible M.B.I. Limited (Registered number: 02881543) |
Notes to the Financial Statements |
for the Year Ended 30 April 2022 |
1. | STATUTORY INFORMATION |
Sensible M.B.I. Limited is a |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared in accordance with applicable accounting standards and estimation techniques. |
At the time of approving the financial statements the director has a reasonable expectation that the Company has adequate resources to continue in operation existence for the foreseeable future. |
The director therefore deems the Company to continue as a going concern. |
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 |
Plant and machinery etc | - |
Freehold investment property is stated at current market value. |
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. |
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. |
Sensible M.B.I. Limited (Registered number: 02881543) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2022 |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST OR VALUATION |
At 1 May 2021 |
and 30 April 2022 |
DEPRECIATION |
At 1 May 2021 |
Charge for year |
At 30 April 2022 |
NET BOOK VALUE |
At 30 April 2022 |
At 30 April 2021 |
Cost or valuation at 30 April 2022 is represented by: |
Totals |
£ |
Valuation in 2010 | 1,317,732 |
Cost | 2,065,465 |
3,383,197 |
If freehold property had not been revalued it would have been included at the following historical cost: |
30.4.22 | 30.4.21 |
£ | £ |
Cost | 2,052,645 | 2,052,645 |
Value of land in freehold land and buildings | 283,305 | 283,305 |
Freehold land and buildings were valued on an open market basis on 9 March 2010 by Humberts Leisure and Edward Symmons . |
In the directors opinion the property valuation under taken by an independent valuer is still valid. |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
30.4.22 | 30.4.21 |
£ | £ |
Repayable by instalments |
Bank loans | - | 150,819 |
Sensible M.B.I. Limited (Registered number: 02881543) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2022 |
7. | SECURED DEBTS |
The following secured debts are included within creditors: |
30.4.22 | 30.4.21 |
£ | £ |
Bank loans |
Bank loans are secured against the freehold property of the company except for £22,500 which relates to an unsecured COVID support loan. |
8. | RESERVES |
Revaluation |
reserve |
£ |
At 1 May 2021 |
and 30 April 2022 |
9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
10. | OTHER FINANCIAL COMMITMENTS |
There is a composite guarantee with Haselbury Mill Limited in favour of Coutts & Co. the company's bankers. |
11. | RELATED PARTY DISCLOSURES |
During the year the company owed £429,538 (2021: £542,507) to Haselbury Mill Limited, a company controlled by R K Bastable. |
The company also received rental income of £66,000 during the year (2021: £66,000) from Haselbury Mill Limited. |
12. | ULTIMATE CONTROLLING PARTY |
The company was controlled throughout the current and previous periods by its director, R K Bastable, by virtue of the fact that he owns all of the company's issued ordinary share capital. |