BIRMINGHAM BANK LIMITED

Company Registration Number:
00555071 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 1 January 2022

End date: 31 December 2022

BIRMINGHAM BANK LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

BIRMINGHAM BANK LIMITED

Profit And Loss Account

for the Period Ended 31 December 2022

2022 2021


£

£
Turnover: 757,483 615,981
Cost of sales: ( 90,198 ) ( 115,495 )
Gross profit(or loss): 667,285 500,486
Administrative expenses: ( 4,861,641 ) ( 3,934,366 )
Operating profit(or loss): (4,194,356) (3,433,880)
Profit(or loss) before tax: (4,194,356) (3,433,880)
Tax: ( 37,951 )
Profit(or loss) for the financial year: (4,232,307) (3,433,880)

BIRMINGHAM BANK LIMITED

Balance sheet

As at 31 December 2022

Notes 2022 2021


£

£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 70,465 84,760
Total fixed assets: 70,465 84,760
Current assets
Debtors: 4 450,360 297,129
Cash at bank and in hand: 1,895,707 2,506,063
Investments: 5 14,642,150 19,889,101
Total current assets: 16,988,217 22,692,293
Creditors: amounts falling due within one year: 6 ( 5,698,322 ) ( 12,194,513 )
Net current assets (liabilities): 11,289,895 10,497,780
Total assets less current liabilities: 11,360,360 10,582,540
Creditors: amounts falling due after more than one year: 7 ( 4,802,146 ) ( 1,853,583 )
Accruals and deferred income: ( 352,091 ) ( 366,429 )
Total net assets (liabilities): 6,206,123 8,362,528
Capital and reserves
Called up share capital: 10,137,931 8,206,897
Share premium account: 2,862,069 2,793,103
Profit and loss account: (6,793,877 ) (2,637,472 )
Total Shareholders' funds: 6,206,123 8,362,528

The notes form part of these financial statements

BIRMINGHAM BANK LIMITED

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 30 June 2023
and signed on behalf of the board by:

Name: K Arnold
Status: Director

The notes form part of these financial statements

BIRMINGHAM BANK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 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

BIRMINGHAM BANK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 24 20

BIRMINGHAM BANK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2022 222,554 222,554
Additions 9,457 9,457
Disposals
Revaluations
Transfers
At 31 December 2022 232,011 232,011
Depreciation
At 1 January 2022 137,794 137,794
Charge for year 23,752 23,752
On disposals
Other adjustments
At 31 December 2022 161,546 161,546
Net book value
At 31 December 2022 70,465 70,465
At 31 December 2021 84,760 84,760

BIRMINGHAM BANK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Debtors

2022 2021
£ £
Prepayments and accrued income 210,982 176,947
Other debtors 239,378 120,182
Total 450,360 297,129

BIRMINGHAM BANK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Current assets investments note

For the purposes of the cash flow statement, cash includes loans and advances to banks repayable on demand without notice or penalty.

BIRMINGHAM BANK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

6. Creditors: amounts falling due within one year note

2022 2021
£ £
Trade creditors 5,596,474 12,062,916
Taxation and social security 101,848 131,597
Total 5,698,322 12,194,513

BIRMINGHAM BANK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

7. Creditors: amounts falling due after more than one year note

2022 2021
£ £
Other creditors 4,802,146 1,853,583
Total 4,802,146 1,853,583