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Registration number: 14107323

Bice Investments Limited

Unaudited Filleted Financial Statements

for the Period from 14 May 2022 to 31 December 2022

 

Bice Investments Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Bice Investments Limited

(Registration number: 14107323)
Balance Sheet as at 31 December 2022

Note

2022
£

Fixed assets

 

Tangible assets

4

19,447

Investment property

5

1,385,032

 

1,404,479

Current assets

 

Debtors

6

686

Cash at bank and in hand

 

36,017

 

36,703

Creditors: Amounts falling due within one year

7

(1,444,744)

Net current liabilities

 

(1,408,041)

Net liabilities

 

(3,562)

Capital and reserves

 

Called up share capital

8

1

Retained earnings

(3,563)

Shareholders' deficit

 

(3,562)

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 6 October 2023
 

.........................................
M L Lloyd Payne
Director

 

Bice Investments Limited

Notes to the Unaudited Financial Statements for the Period from 14 May 2022 to 31 December 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7 St Margaret's Road
Oxford
OX2 6RU

These financial statements were authorised for issue by the director on 6 October 2023.

2

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

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 returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% straight line

 

Bice Investments Limited

Notes to the Unaudited Financial Statements for the Period from 14 May 2022 to 31 December 2022

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 0.

 

Bice Investments Limited

Notes to the Unaudited Financial Statements for the Period from 14 May 2022 to 31 December 2022

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

20,077

20,077

At 31 December 2022

20,077

20,077

Depreciation

Charge for the period

630

630

At 31 December 2022

630

630

Carrying amount

At 31 December 2022

19,447

19,447

5

Investment properties

2022
£

Additions

1,385,032

At 31 December

1,385,032

There has been no valuation of investment property by an independent valuer.

6

Debtors

2022
£

Prepayments

686

686

 

Bice Investments Limited

Notes to the Unaudited Financial Statements for the Period from 14 May 2022 to 31 December 2022

7

Creditors

Creditors: amounts falling due within one year

Note

2022
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

9

1,433,529

Accruals and deferred income

 

1,200

Other creditors

 

10,015

 

1,444,744

8

Share capital

Allotted, called up and fully paid shares

 

2022

 

No.

£

Ordinary shares of £1 each

1

1

     

9

Related party transactions

Summary of transactions with parent

Bice Vermogensverwaltungs-GmbH & Co KG (the parent company)
 During the period the parent company loaned Bice Investments Ltd £1,433,529. The amount due to the parent company at the end of the period was £1,433,529.