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B.N GIBSON HOLDINGS LIMITED
REGISTERED NUMBER: 10950662
BALANCE SHEET
AS AT 30 SEPTEMBER 2022
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Total assets less current liabilities
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The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 June 2023.
The notes on pages 2 to 3 form part of these financial statements.
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B.N GIBSON HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
B.N Gibson Holdings Limited is a private company limited by shares, incorporated in England and Wales (registered number: 10950662). Its registered office is Unit 3, Gibson House, Brailwood Road, Bilsthorpe, Newark, United Kingdom, NG22 8UA. The principal activity of the Company throughout the year continued to be that of a holding company.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
Investments in subsidiaries are measured at cost less accumulated impairment.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
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The average monthly number of employees, including directors, during the year was 2 (2021 - 2).
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B.N GIBSON HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
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Investments in subsidiary companies
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The investment is in B. N. Gibson Limited, a company incorporated in England & Wales, in which the Company owns 100% of the ordinary share capital. For the year ended 30 September 2022 B.N.GibsonLimited had an aggregate of share capital and reserves of £1,576,647 and made a profit after tax of £262,376.
On 7 March 2022 the Company gave a fixed and floating charge over all of the assets of the Company to the former shareholders. In addition on 7 March 2022 the Company entered into an intra group guarantee with T & R Hawley Ltd, B. N. Gibson Limited and the former shareholders in respect of certain liabilities owed by T & R Hawley Ltd to the former shareholders.
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