BOTANIC SIDINGS LIMITED
BOTANIC SIDINGS LIMITED
BOTANIC SIDINGS LIMITED
Company Registration Number:
03796732 (England and Wales)
Unaudited statutory accounts for the year ended 31 August 2023
Period of accounts
Start date: 1 September 2022
End date: 31 August 2023
BOTANIC SIDINGS LIMITED
Contents of the Financial Statements
for the Period Ended 31 August 2023
Balance sheet | |
Additional notes | |
Balance sheet notes |
BOTANIC SIDINGS LIMITED
Balance sheet
As at
Notes | 2023 | 2022 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Tangible assets: | 3 | | |
Total fixed assets: | | | |
Current assets | |||
Debtors: | 4 | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 5 | ( | ( |
Net current assets (liabilities): | ( | ( | |
Total assets less current liabilities: | | | |
Total net assets (liabilities): | | | |
Capital and reserves | |||
Called up share capital: | | | |
Profit and loss account: | ( | ( | |
Total Shareholders' funds: | | |
The notes form part of these financial statements
BOTANIC SIDINGS LIMITED
Balance sheet statements
The directors have chosen not to file a copy of the company's profit and loss account.
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
BOTANIC SIDINGS LIMITED
Notes to the Financial Statements
for the Period Ended 31 August 2023
-
1. Accounting policies
Basis of measurement and preparation
These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102 Turnover policy
Turnover is recognised at the fair value of the consideration received or receivable for goods and servicesprovided in the normal course of business, and is shown net of VAT and other sales related taxes. The fairvalue of consideration takes into account trade discounts, settlement discounts and volume rebates.When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration isthe present value of the future receipts. The difference between the fair value of the consideration and thenominal amount received is recognised as interest income. Tangible fixed assets depreciation policy
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net ofdepreciation and any impairment losses.Depreciation is recognised so as to write off the cost or valuation of assets less their residual values overtheir useful lives on the following bases:Freehold land and buildings No depreciation chargePlant and equipment 20 years straight lineSite 40 years straight lineSports facilities 10 years straight lineThe gain or loss arising on the disposal of an asset is determined as the difference between the sale proceedsand the carrying value of the asset, and is credited or charged to profit or loss. Other accounting policies
Impairment of fixed assetsAt each reporting period end date, the company reviews the carrying amounts of its tangible assets todetermine whether there is any indication that those assets have suffered an impairment loss. If any suchindication exists, the recoverable amount of the asset is estimated in order to determine the extent of theimpairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset,the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, theestimated future cash flows are discounted to their present value using a pre-tax discount rate that reflectscurrent market assessments of the time value of money and the risks specific to the asset for which theestimates of future cash flows have not been adjusted.If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carryingamount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. Animpairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revaluedamount, in which case the impairment loss is treated as a revaluation decrease.Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased toapply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cashgeneratingunit) is increased to the revised estimate of its recoverable amount, but so that the increasedcarrying amount does not exceed the carrying amount that would have been determined had no impairmentloss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment lossis recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in whichcase the reversal of the impairment loss is treated as a revaluation increase.1.5 Cash and cash equivalentsCash and cash equivalents are basic financial assets and include cash in hand, deposits held at call withbanks, other short-term liquid investments with original maturities of three months or less, and bankoverdrafts. Bank overdrafts are shown within borrowings in current liabilities.1.6 Financial instrumentsThe company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.Financial instruments are recognised in the company's statement of financial position when the companybecomes party to the contractual provisions of the instrument.Financial assets and liabilities are offset, with the net amounts presented in the financial statements, whenthere is a legally enforceable right to set off the recognised amounts and there is an intention to settle on anet basis or to realise the asset and settle the liability simultaneously.1.7 Equity instrumentsEquity instruments issued by the company are recorded at the proceeds received, net of transaction costs.Dividends payable on equity instruments are recognised as liabilities once they are no longer at thediscretion of the company.1.8 TaxationThe tax expense represents the sum of the tax currently payable and deferred tax.Current taxThe tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit asreported in the income statement because it excludes items of income or expense that are taxable ordeductible in other years and it further excludes items that are never taxable or deductible. The company’sliability for current tax is calculated using tax rates that have been enacted or substantively enacted by thereporting end date.Deferred taxDeferred tax liabilities are generally recognised for all timing differences and deferred tax assets arerecognised to the extent that it is probable that they will be recovered against the reversal of deferred taxliabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing differencearises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affectsneither the tax profit nor the accounting profit.The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extentthat it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset tobe recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when theliability is settled or the asset is realised. Where items recognised in other comprehensive income or equityare chargeable to or deductible for tax purposes, the resulting current or deferred tax expense or income ispresented in the same component of comprehensive income or equity as the transaction or other event thatresulted in the tax expense or income. Deferred tax assets and liabilities are offset when the company has alegally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilitiesrelate to taxes levied by the same tax authority.1.9 Employee benefitsThe costs of short-term employee benefits are recognised as a liability and an expense, unless those costs arerequired to be recognised as part of the cost of stock or fixed assets.The cost of any unused holiday entitlement is recognised in the period in which the employee’s services arereceived.Termination benefits are recognised immediately as an expense when the company is demonstrablycommitted to terminate the employment of an employee or to provide termination benefits.
BOTANIC SIDINGS LIMITED
Notes to the Financial Statements
for the Period Ended 31 August 2023
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2. Employees
2023 2022 Average number of employees during the period 0 0
BOTANIC SIDINGS LIMITED
Notes to the Financial Statements
for the Period Ended 31 August 2023
3. Tangible assets
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 1 September 2022 | | | | | | |
Additions | ||||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 31 August 2023 | | | | | | |
Depreciation | ||||||
At 1 September 2022 | | | | | | |
Charge for year | | | | | ||
On disposals | | | ||||
Other adjustments | ||||||
At 31 August 2023 | | | | | | |
Net book value | ||||||
At 31 August 2023 | | | | | | |
At 31 August 2022 | | | | | |
BOTANIC SIDINGS LIMITED
Notes to the Financial Statements
for the Period Ended 31 August 2023
4. Debtors
2023 | 2022 | |
---|---|---|
£ | £ | |
Trade debtors | | |
Other debtors | | |
Total | | |
BOTANIC SIDINGS LIMITED
Notes to the Financial Statements
for the Period Ended 31 August 2023
5. Creditors: amounts falling due within one year note
2023 | 2022 | |
---|---|---|
£ | £ | |
Taxation and social security | | |
Other creditors | | |
Total | | |