BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED - Company Information

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BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

Company Registration Number:
00743063 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2022

Period of accounts

Start date: 01 April 2021

End date: 31 March 2022

BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2022

Balance sheet
Notes

BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

Balance sheet

As at 31 March 2022


Notes
2022
2021


£
£
Fixed assets
Tangible assets: 3 2,829,351 2,898,841
Total fixed assets: 2,829,351 2,898,841
Current assets
Debtors:   63,759 387,393
Cash at bank and in hand: 377,534 344,002
Total current assets: 441,293 731,395
Creditors: amounts falling due within one year: 4 (927,307) (811,661)
Net current assets (liabilities): (486,014) (80,266)
Total assets less current liabilities: 2,343,337 2,818,575
Creditors: amounts falling due after more than one year: 5 (700,000) (1,200,000)
Total net assets (liabilities): 1,643,337 1,618,575
Capital and reserves
Called up share capital: 4,000 4,000
Revaluation reserve:61,323,3691,323,369
Other reserves: 2,540 2,540
Profit and loss account: 313,428 288,666
Shareholders funds: 1,643,337 1,618,575

The notes form part of these financial statements

BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

Balance sheet statements

For the year ending 31 March 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 February 2023
and signed on behalf of the board by:

Name: M P Thorpe
Status: Director

The notes form part of these financial statements

BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents amounts receivable for goods and services net of VAT

Tangible fixed assets and depreciation policy

tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life. Investment properties are included in the Balance Sheet at valuation. Depreciation is only provided on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Valuation and information policy

The investment property was valued on an open market basis on 18th November 2008 by professional valuers. If stated at original cost the property would have a book value of £1376631

Other accounting policies

The company has taken advantage of exemption under the terms of Financial Reporting Standard 102 not to disclose related party transactions

BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

2. Employees

2022 2021
Average number of employees during the period 17 17

BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

3. Tangible Assets

Total
Cost £
At 01 April 2021 3,188,229
Disposals (70,615)
At 31 March 2022 3,117,614
Depreciation
At 01 April 2021 289,388
Charge for year 22,860
On disposals (23,985)
At 31 March 2022 288,263
Net book value
At 31 March 2022 2,829,351
At 31 March 2021 2,898,841

BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

4. Creditors: amounts falling due within one year note

Trade creditors 155891Amounts due to group undertakingsand associates 193926Taxation and Social Security 79245Accruals 16976Other Creditors 481269Total 927307

BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

5. Creditors: amounts falling due after more than one year note

Loan finance from Hawk Property Development co ltd(ultimate holding company)

BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

6. Revaluation reserve

2022
£
Balance at 01 April 2021 1,323,369
Surplus or deficit after revaluation 0
Balance at 31 March 2022 1,323,369

BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

7. Financial commitments

At 31st March 2022 the company was committed to making payments under non-cancellable operating leases which expire between two and five years at the annual rate of £3020