Broadwing Felixstowe (Leasehold) Limited Filleted accounts for Companies House (small and micro)

BROADWING FELIXSTOWE (LEASEHOLD) LIMITED - Company Information

0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 13077827 2022-05-01 2023-03-31 13077827 2023-03-31 13077827 2022-04-30 13077827 2022-01-01 2022-04-30 13077827 2022-04-30 13077827 2021-12-31 13077827 bus:Director1 2022-05-01 2023-03-31 13077827 core:AfterOneYear 2023-03-31 13077827 core:WithinOneYear 2023-03-31 13077827 core:ShareCapital 2023-03-31 13077827 core:ShareCapital 2022-04-30 13077827 core:RetainedEarningsAccumulatedLosses 2023-03-31 13077827 bus:SmallEntities 2022-05-01 2023-03-31 13077827 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-03-31 13077827 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-03-31 13077827 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-03-31 13077827 bus:FullAccounts 2022-05-01 2023-03-31 13077827 core:AfterOneYear 2022-05-01 2023-03-31 13077827 core:ParentEntities 2022-05-01 2023-03-31

COMPANY REGISTRATION NUMBER: 13077827

Broadwing Felixstowe (Leasehold) Limited

Filleted Unaudited Financial Statements

For the year ended

31 March 2023

Broadwing Felixstowe (Leasehold) Limited

Statement of Financial Position

31 March 2023

	31 Mar 23	30 Apr 22
Note	£	£

Current assets

Stocks		948,713	–
Debtors	4	343,949	100
Cash at bank and in hand		15,881	–
		------------	----
		1,308,543	100

Creditors: amounts falling due within one year	5	4,078	–
		------------	----
Net current assets		1,304,465	100
		------------	----
Total assets less current liabilities		1,304,465	100

Creditors: amounts falling due after more than one year	6	1,316,334	–
		------------	----
Net (liabilities)/assets		( 11,869)	100
		------------	----

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 11,969)	–
	--------	----
Shareholders (deficit)/funds	( 11,869)	100
	--------	----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 30 March 2024 , and are signed on behalf of the board by:

Mr I Ezekiel
Director

Company registration number: 13077827

Broadwing Felixstowe (Leasehold) Limited

Notes to the Financial Statements

Period from 1 May 2022 to 31 March 2023

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 43 ECEN, Michael Way, Raunds, Wellingborough, NN9 6GR.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Debtors

	31 Mar 23	30 Apr 22
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	343,949	100
	---------	----

5. Creditors: amounts falling due within one year

	31 Mar 23	30 Apr 22
	£	£
Other creditors	4,078	–
	-------	----

6. Creditors: amounts falling due after more than one year

	31 Mar 23	30 Apr 22
	£	£
Bank loans and overdrafts	1,316,334	–
	------------	----

The borrowings are secured against the property held within stock.

7. Related party transactions

During the year the company received the trade and stock transferred from its parent company, Broadwing Felixstowe Limited. The trade and stock was transferred at cost value of £948,713.