REGISTERED NUMBER: |
BALKERNE GATE DEVELOPMENTS (EAST ANGLIA) |
LTD |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED |
31 MARCH 2022 |
REGISTERED NUMBER: |
BALKERNE GATE DEVELOPMENTS (EAST ANGLIA) |
LTD |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED |
31 MARCH 2022 |
BALKERNE GATE DEVELOPMENTS (EAST ANGLIA) |
LTD (REGISTERED NUMBER: 10999657) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 | to | 3 |
Notes to the Financial Statements | 4 | to | 6 |
BALKERNE GATE DEVELOPMENTS (EAST ANGLIA) |
LTD |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2022 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
BALKERNE GATE DEVELOPMENTS (EAST ANGLIA) |
LTD (REGISTERED NUMBER: 10999657) |
BALANCE SHEET |
31 MARCH 2022 |
2022 | 2021 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
BALKERNE GATE DEVELOPMENTS (EAST ANGLIA) |
LTD (REGISTERED NUMBER: 10999657) |
BALANCE SHEET - continued |
31 MARCH 2022 |
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. |
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 |
BALKERNE GATE DEVELOPMENTS (EAST ANGLIA) |
LTD (REGISTERED NUMBER: 10999657) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2022 |
1. | STATUTORY INFORMATION |
Balkerne Gate Developments (East Anglia) Ltd is a |
For the purposes of presentation the financial statements are rounded to the nearest pound sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents properties on which contracts have been completed, and the value of construction work provided under contracts, to the extent that there is a right to consideration, and is recorded at the value of the consideration due, excluding value added tax. Where a contract has only been partially completed at the Balance Sheet date, turnover represents the value of the construction work provided to date. |
Tangible fixed assets |
Computer equipment | - |
Stocks and work in progress |
Development land is valued by the directors at the lower of cost and net realisable value. Work in progress is valued at prime cost less foreseeable losses where appropriate. A proportion of profit is recognised in line with the completion of each individual construction project. |
Financial instruments |
Basic financial instruments are recognised at amortised cost. |
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. |
BALKERNE GATE DEVELOPMENTS (EAST ANGLIA) |
LTD (REGISTERED NUMBER: 10999657) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2022 |
2. | ACCOUNTING POLICIES - continued |
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 |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
At 1 April 2021 |
and 31 March 2022 |
DEPRECIATION |
At 1 April 2021 |
Charge for year |
At 31 March 2022 |
NET BOOK VALUE |
At 31 March 2022 |
At 31 March 2021 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade debtors |
Amounts owed by related undertakings |
Other debtors |
BALKERNE GATE DEVELOPMENTS (EAST ANGLIA) |
LTD (REGISTERED NUMBER: 10999657) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2022 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to related undertakings | 522,030 | 424,510 |
Taxation and social security |
Other creditors |
There is a fixed charge held over the land forming part of 163 and 167 Wivenhoe Road, Alresford created on 7 March 2018 held by National Westminster Bank Plc. |
There is a fixed charge held over the land to the side of 25 Nayland Road, Bures created on 12 February 2019 held by National Westminster Bank Plc. |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2022 | 2021 |
£ | £ |
Bank loans |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more than 5 years | - | 1,769 |
8. | RELATED PARTY DISCLOSURES |
At the Balance Sheet date the company was due £565,021 (2021: Nil) and owed £522,030 (2021 £424,510) to companies under common control and these are included in debtors and creditors respectively. The balances outstanding are interest free and repayable on demand. |