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 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

Balance sheet

As at 31 March 2023


Notes
2023
2022


£
£
Fixed assets
Tangible assets: 3 2,878,191 2,829,351
Total fixed assets: 2,878,191 2,829,351
Current assets
Debtors:   117,377 19,885
Cash at bank and in hand: 282,419 377,534
Total current assets: 399,796 397,419
Creditors: amounts falling due within one year: 4 (868,041) (883,433)
Net current assets (liabilities): (468,245) (486,014)
Total assets less current liabilities: 2,409,946 2,343,337
Creditors: amounts falling due after more than one year: 5 (700,000) (700,000)
Total net assets (liabilities): 1,709,946 1,643,337
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: 380,037 313,428
Shareholders funds: 1,709,946 1,643,337

The notes form part of these financial statements

BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

Balance sheet statements

For the year ending 31 March 2023 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 21 December 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 2023

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 net invoiced goods and services, excluding VAT

Tangible fixed assets and depreciation policy

Depreciation is provided on all tangible fixed assets, on the reducing balance basis at rates calculated to write off the cost, less estimated residual value of each asset over it's 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 that 20 years.In the opinion of the Directors compliance with the general requirements of the Companies Act 2006 in unnecessary for the financial statements to give a true and fair view.

Valuation and information policy

The investment property was professionally valued on an open market basis on 18th November 2008. If valued at original cost the property would have a book value of £1,376,631

Other accounting policies

Related Party Transactions.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 2023

2. Employees

2023 2022
Average number of employees during the period 18 17

BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible Assets

Total
Cost £
At 01 April 2022 3,117,614
Additions 80,379
At 31 March 2023 3,197,993
Depreciation
At 01 April 2022 288,263
Charge for year 31,539
At 31 March 2023 319,802
Net book value
At 31 March 2023 2,878,191
At 31 March 2022 2,829,351

BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Creditors: amounts falling due within one year note

Trade Creditors 41592Amounts owing to group undertakingsand associates 207225Taxation and Social Security 73799Accruals 78039Other Creditors and Deferred Income 467386Total 868041

BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

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

Loan Finance from holding company.

BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Revaluation reserve

2023
£
Balance at 01 April 2022 1,323,369
Surplus or deficit after revaluation 0
Balance at 31 March 2023 1,323,369

BEMBRIDGE HARBOUR IMPROVEMENTS COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

7. Financial commitments

At 31st March 2023 the company was committed to making payments under non-cancellable operating leases which expire between two and five years at the rate of £3026 per annum.