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REGISTERED NUMBER: 11326409 (England and Wales)






FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

BIRCHWOOD MARINE LIMITED

BIRCHWOOD MARINE LIMITED (REGISTERED NUMBER: 11326409)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BIRCHWOOD MARINE LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2022







DIRECTORS: E C Vick
P F Wagstaff FCA





SECRETARY: P F Wagstaff FCA





REGISTERED OFFICE: 4 Enterprise Court
Downmill Road
Bracknell
Berkshire
RG12 1QS





REGISTERED NUMBER: 11326409 (England and Wales)





ACCOUNTANTS: Hamlyns Ltd
Chartered Accountants
Sundial House
High Street
Horsell
Woking
Surrey
GU21 4SU

BIRCHWOOD MARINE LIMITED (REGISTERED NUMBER: 11326409)

BALANCE SHEET
31 March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,500,000 1,500,000

CURRENT ASSETS
Debtors 5 23,106 384
Cash at bank 10,117 49,923
33,223 50,307
CREDITORS
Amounts falling due within one year 6 10,200 8,783
NET CURRENT ASSETS 23,023 41,524
TOTAL ASSETS LESS CURRENT LIABILITIES 1,523,023 1,541,524

CREDITORS
Amounts falling due after more than one year 7 31,667 41,667
NET ASSETS 1,491,356 1,499,857

CAPITAL AND RESERVES
Called up share capital 150,200 150,200
Revaluation reserve 8 1,350,000 1,350,000
Retained earnings (8,844 ) (343 )
SHAREHOLDERS' FUNDS 1,491,356 1,499,857

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 19 August 2022 and were signed on its behalf by:





P F Wagstaff FCA - Director


BIRCHWOOD MARINE LIMITED (REGISTERED NUMBER: 11326409)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Birchwood Marine 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST OR VALUATION
At 1 April 2021
and 31 March 2022 1,500,000
NET BOOK VALUE
At 31 March 2022 1,500,000
At 31 March 2021 1,500,000

BIRCHWOOD MARINE LIMITED (REGISTERED NUMBER: 11326409)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2022

4. INTANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2022 is represented by:

Other
intangible
assets
£   
Valuation in 2019 1,350,000
Cost 150,000
1,500,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 23,106 384

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 10,000 8,333
Other creditors 200 450
10,200 8,783

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 31,667 41,667

8. RESERVES
Revaluation
reserve
£   
At 1 April 2021
and 31 March 2022 1,350,000