REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 January 2022 |
for |
Banana Split Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 January 2022 |
for |
Banana Split Limited |
Banana Split Limited (Registered number: 01602669) |
Contents of the Financial Statements |
for the Year Ended 31 January 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Banana Split Limited |
Company Information |
for the Year Ended 31 January 2022 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
88 Crawford Street |
London |
W1H 2EJ |
Banana Split Limited (Registered number: 01602669) |
Balance Sheet |
31 January 2022 |
31.1.22 | 31.1.21 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS/(LIABILITIES) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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. |
Banana Split Limited (Registered number: 01602669) |
Balance Sheet - continued |
31 January 2022 |
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 |
Banana Split Limited (Registered number: 01602669) |
Notes to the Financial Statements |
for the Year Ended 31 January 2022 |
1. | STATUTORY INFORMATION |
Banana Split Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents net invoiced sales of goods/services, excluding value added taxes Income on long term projects is accrued as deposits are taken from customers with final period adjustments for accrued income where projects are completed but uninvoiced at period end. |
Tangible fixed assets |
Plant and machinery etc | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost less impairment. |
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. |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
Banana Split Limited (Registered number: 01602669) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2022 |
2. | ACCOUNTING POLICIES - continued |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
Financial assets |
Financial assets that are equity instruments are measured at cost less impairment. |
Associated companies |
All the associated companies are encouraged to use the accountancy policies similar to Banana Split Limited. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 February 2021 |
Additions |
Disposals | ( |
) |
At 31 January 2022 |
DEPRECIATION |
At 1 February 2021 |
Charge for year |
Eliminated on disposal | ( |
) |
Charge written back | (600,000 | ) |
At 31 January 2022 |
NET BOOK VALUE |
At 31 January 2022 |
At 31 January 2021 |
Banana Split Limited (Registered number: 01602669) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2022 |
4. | TANGIBLE FIXED ASSETS - continued |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Plant and |
machinery |
etc |
£ |
COST |
At 1 February 2021 |
and 31 January 2022 |
DEPRECIATION |
At 1 February 2021 |
Charge for year |
At 31 January 2022 |
NET BOOK VALUE |
At 31 January 2022 |
At 31 January 2021 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 February 2021 |
and 31 January 2022 |
NET BOOK VALUE |
At 31 January 2022 |
At 31 January 2021 |
The directors believe that the market value of the investments is similar to the book value. The valuation is based on the fact that the companies in which these investments are made remained dormant. |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.22 | 31.1.21 |
£ | £ |
Trade debtors |
Other debtors |
Banana Split Limited (Registered number: 01602669) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2022 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.22 | 31.1.21 |
£ | £ |
Other loans |
Hire purchase contracts |
Trade creditors |
Tax |
Social security and other taxes |
VAT | 782,782 | 822,902 |
Other creditors |
Directors' current accounts | 315,821 | - |
Accruals and deferred income |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.1.22 | 31.1.21 |
£ | £ |
Other loans - 2-5 years |
Hire purchase contracts |
CBILS Loan | 712,500 | 750,000 |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.1.22 | 31.1.21 |
£ | £ |
Banana Split Pension Fund | 207,437 | 303,807 |
The above loan is secured over the shares that Julian Posner (Director) owns in Banana Split Limited. |
10. | RELATED PARTY DISCLOSURES |
Glazewater Properties (Bedford) Ltd |
A company in which J Posner is a shareholder |
2022 | 2021 |
£ | £ |
Amount due from related party at the balance sheet date | 719,770 | 719,770 |
11. | ULTIMATE CONTROLLING PARTY |
The company was under the control of J D Posner (Director). |