Registration number:
45-47 Clarence Street Cheltenham Limited
for the Year Ended 31 December 2021
45-47 Clarence Street Cheltenham Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
45-47 Clarence Street Cheltenham Limited
Company Information
Director |
Mr T Roberts |
Registered office |
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Accountants |
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45-47 Clarence Street Cheltenham Limited
(Registration number: 05724559)
Balance Sheet as at 31 December 2021
Note |
2021 |
2020 |
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Fixed assets |
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Investments |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
3 |
3 |
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Profit and loss account |
(95,999) |
(101,471) |
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Shareholders' deficit |
(95,996) |
(101,468) |
45-47 Clarence Street Cheltenham Limited
(Registration number: 05724559)
Balance Sheet as at 31 December 2021
For the financial year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Director
45-47 Clarence Street Cheltenham Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The presentational currency of these financial statements is shown in Pound Sterling and rounded to the nearest pound (£).
The address of its registered office is:
England
The principal place of business is:
The Site
24 Chosen View Road
Cheltenham
Gloucestershire
GL51 9LT
England
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
These financial statements have been prepared on a going concern basis. The ongoing pandemic has had impacts upon the industry and the wider economy. The director has aknowledged this and recognises this may impact the company in the coming years. However he feels that the company has the ability to continue trading for the foreseeable future.
45-47 Clarence Street Cheltenham Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises on a monthly basis in line with the rental agreement and when properties are sold.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Stocks
Work in progress is valued at the lower of cost and net realisable value.
Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are set up only where probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.
Financial instruments
Classification
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
45-47 Clarence Street Cheltenham Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021
Investments |
2021 |
2020 |
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Investments in associates |
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Associates |
£ |
Cost |
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At 1 January 2021 |
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Provision |
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Carrying amount |
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At 31 December 2021 |
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At 31 December 2020 |
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Debtors |
Note |
2021 |
2020 |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Prepayments |
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45-47 Clarence Street Cheltenham Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021
Creditors |
Creditors: amounts falling due within one year
2021 |
2020 |
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Due within one year |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Creditors: amounts falling due after more than one year
Note |
2021 |
2020 |
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Due after one year |
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Loans and borrowings |
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Loans and borrowings |
2021 |
2020 |
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Non-current loans and borrowings |
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Other borrowings |
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Included in the loans and borrowings are the following amounts due after more than five years:
Debenture loans after five years
The company has legal mortgages with Clydesdale Bank PLC which are secured over the premises.
45-47 Clarence Street Cheltenham Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021
Related party transactions |
Transactions with directors |
2021 |
At 1 January 2021 |
Repayments by director |
At 31 December 2021 |
Mr T Roberts |
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Net deposits |
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2020 |
At 1 January 2020 |
Advances to directors |
Repayments by director |
At 31 December 2020 |
Mr T Roberts |
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Net deposits |
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( |
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No interest is charged on the above loans.