The Battle Of Britain Memorial Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 08638616 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

THE BATTLE OF BRITAIN MEMORIAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R H Hunting

A J Simpson BSc MCIM

P S E Tootal

REGISTERED OFFICE:

Po Box 337

West Malling

Kent

ME6 9AA

REGISTERED NUMBER:

08638616 (England and Wales)

AUDITORS:

McCabe Ford Williams

Chartered Accountants and Statutory Auditors

Charlton House

Dour Street

DOVER

Kent

CT16 1BL

FIXED ASSETS

Tangible assets

4

740

416

CURRENT ASSETS

Stocks

84,652

83,211

Debtors

5

-

562

Cash at bank

9,334

46,981

93,986

130,754

CREDITORS

Amounts falling due within one year

6

241,352

266,085

NET CURRENT LIABILITIES

(147,366

)

(135,331

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(146,626

)

(134,915

)

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

(146,627

)

(134,916

)

SHAREHOLDERS' FUNDS

(146,626

)

(134,915

)

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 Board of Directors and authorised for issue on 8 June 2023 and were signed on its behalf by:

R H Hunting - Director

1.	STATUTORY INFORMATION

The Battle Of Britain Memorial Limited 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 January 2022

450

865

1,315

Additions

-

540

540

At 31 December 2022

450

1,405

1,855

DEPRECIATION

At 1 January 2022

292

607

899

Charge for year

39

177

216

At 31 December 2022

331

784

1,115

NET BOOK VALUE

At 31 December 2022

119

621

740

At 31 December 2021

158

258

416

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

VAT

-

562

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade creditors

4,804

41,960

Amounts owed to group undertakings

234,347

222,050

VAT

199

-

Accruals and deferred income

2,002

2,075

241,352

266,085

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.22

31.12.21

value:

£

£

1

Ordinary

£1

1

1

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jonathan Fullarton BSc (Hons) FCA (Senior Statutory Auditor)

for and on behalf of McCabe Ford Williams

9.	PARENT CHARITY

The company is a wholly owned subsidiary of The Battle of Britain Memorial Trust CIO.

The registered office of The Battle of Britain Memorial Trust CIO is the same as The Battle of Britain Memorial Limited, which can be found on the Company Information page.

10.	GOING CONCERN

These accounts have been prepared on the going concern basis, on the understanding the parent charity will continue to support the company for the foreseeable future. The parent charity has agreed it is their intention to continue to provide support.

11.	PRIOR YEAR UNAUDITED

The prior period financial statements were not audited (as a stand alone company). These figures were, however, audited as part of the consolidated financial statements of the parent entity.

Further details can be found in the Other Matter section of the audit report.