Company Registration No. 10058114 (England and Wales)
T F BOWMAN & SON LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 DECEMBER 2021
1-4 London Road
Spalding
Lincolnshire
PE11 2TA
T F BOWMAN & SON LIMITED
CONTENTS
Page
Directors' report
1
Directors' responsibilities statement
2
Independent auditor's report
3 - 6
Profit and loss account
7
Balance sheet
8 - 9
Notes to the financial statements
11 - 17
T F BOWMAN & SON LIMITED
COMPANY INFORMATION
Directors
Mr M Smernoff
(Appointed 28 May 2021)
Mr R Winnall
(Appointed 30 September 2022)
Mr C Yuen
(Appointed 30 September 2022)
Mr Nathan Harwell
(Appointed 5 September 2023)
Secretary
Mr Nathan Harwell
Company number
10058114
Registered office
C/O Americold Whitchurch Ltd
Shakespeare Way
Whitchurch Business Park
Whitchurch
Shropshire
SY13 1LJ
Auditor
TC Group
1-4 London Road
Spalding
Lincolnshire
PE11 2TA
T F BOWMAN & SON LIMITED
DIRECTORS' REPORT
FOR THE PERIOD ENDED 31 DECEMBER 2021
- 1 -

The directors present their annual report and financial statements for the period ended 31 December 2021.

Principal activities

The principal activity of the company continued to be that of the holding and management of property.

Directors

The directors who held office during the period and up to the date of signature of the financial statements were as follows:

Mr J Snyder, Jr
(Appointed 28 May 2021 and resigned 5 September 2023)
Mr M Smernoff
(Appointed 28 May 2021)
Mr H Kroes
(Appointed 28 May 2021 and resigned 30 September 2022)
Ms E Gildea
(Appointed 28 May 2021 and resigned 30 September 2022)
Mrs R Bowman
(Resigned 28 May 2021)
Mr PA Bowman
(Resigned 28 May 2021)
Mr R Winnall
(Appointed 30 September 2022)
Mr C Yuen
(Appointed 30 September 2022)
Mr Nathan Harwell
(Appointed 5 September 2023)
Auditor

TC Group were appointed as auditor to the company and in accordance with section 485 of the Companies Act 2006, a resolution proposing that they be re-appointed will be put at a General Meeting.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Mr M Smernoff
Director
27 September 2023
T F BOWMAN & SON LIMITED
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE PERIOD ENDED 31 DECEMBER 2021
- 2 -

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

 

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

 

 

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

T F BOWMAN & SON LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF T F BOWMAN & SON LIMITED
- 3 -
Opinion

We have audited the financial statements of T F Bowman & Son Limited (the 'company') for the period ended 31 December 2021 which comprise the profit and loss account, the balance sheet, the statement of changes in equity and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

 

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

 

We have nothing to report in this regard.

T F BOWMAN & SON LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF T F BOWMAN & SON LIMITED
- 4 -

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report.

 

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

 

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Extent to which the audit was considered capable of detecting irregularities, including fraud

The objectives of our audit, in respect of fraud, are: to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses; and to respond appropriately to fraud or suspected fraud identified during the audit. however, the primary responsibility for the prevention and detection of fraud rests with those charged with governance of the entity and its management.

T F BOWMAN & SON LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF T F BOWMAN & SON LIMITED
- 5 -

Our approach was as follows:

 

Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Where the risk was considered to be higher, we performed audit procedures to address each identified fraud risk. These procedures included: testing manual journals; reviewing the financial statement disclosures and testing to supporting documentation; performing analytical procedures; and enquiring of management, and were designed to provide reasonable assurance that the financial statements were free from fraud or error.

 

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

T F BOWMAN & SON LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF T F BOWMAN & SON LIMITED
- 6 -

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members, as a body, for our audit work, for this report, or for the opinions we have formed.

Peter Wright (Senior Statutory Auditor)
For and on behalf of TC Group
11 October 2023
Chartered Accountants
Statutory Auditor
1-4 London Road
Spalding
Lincolnshire
PE11 2TA
T F BOWMAN & SON LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE PERIOD ENDED 31 DECEMBER 2021
- 7 -
Period
Year
ended
ended
31 December
31 January
2021
2021
Notes
£
£
Administrative expenses
(1,124,706)
(1,476,781)
Other operating income
1,400,000
1,200,000
Operating profit/(loss)
275,294
(276,781)
Interest receivable and similar income
4
-
0
3,000,000
Interest payable and similar expenses
(121,013)
(417,680)
Profit before taxation
154,281
2,305,539
Tax on profit
(68,579)
(378,685)
Profit for the financial period
85,702
1,926,854
T F BOWMAN & SON LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2021
31 December 2021
- 8 -
2021
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
5
26,264,542
27,082,302
Investments
6
100
100
26,264,642
27,082,402
Current assets
Debtors
7
1,722,075
408,881
Cash at bank and in hand
44,253
873,833
1,766,328
1,282,714
Creditors: amounts falling due within one year
8
(11,200)
(5,233,530)
Net current assets/(liabilities)
1,755,128
(3,950,816)
Total assets less current liabilities
28,019,770
23,131,586
Creditors: amounts falling due after more than one year
9
-
0
(15,995,295)
Provisions for liabilities
(2,073,054)
(2,004,475)
Net assets
25,946,716
5,131,816
Capital and reserves
Called up share capital
10
200
100
Share premium account
20,630,152
-
0
Revaluation reserve
11
1,931,353
1,832,407
Profit and loss reserves
12
3,385,011
3,299,309
Total equity
25,946,716
5,131,816

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

T F BOWMAN & SON LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2021
31 December 2021
- 9 -
The financial statements were approved by the board of directors and authorised for issue on 27 September 2023 and are signed on its behalf by:
Mr M  Smernoff
Director
Company Registration No. 10058114
T F BOWMAN & SON LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 DECEMBER 2021
- 10 -
Share capital
Share premium account
Revaluation reserve
Profit and loss reserves
Total
Notes
£
£
£
£
£
Balance at 1 February 2020
100
-
0
1,832,407
1,372,455
3,204,962
Year ended 31 January 2021:
Profit and total comprehensive income for the year
-
-
-
1,926,854
1,926,854
Balance at 31 January 2021
100
-
0
1,832,407
3,299,309
5,131,816
Period ended 31 December 2021:
Profit for the period
-
-
-
85,702
85,702
Other comprehensive income:
Revaluation of tangible fixed assets
-
-
98,946
-
98,946
Total comprehensive income for the period
-
0
-
0
98,946
85,702
184,648
Issue of share capital
10
100
20,630,152
-
-
20,630,252
Balance at 31 December 2021
200
20,630,152
1,931,353
3,385,011
25,946,716
T F BOWMAN & SON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2021
- 11 -
1
Accounting policies
Company information

T F Bowman & Son Limited is a private company limited by shares incorporated in England and Wales. The registered office is C/O Americold Whitchurch Ltd, Shakespeare Way, Whitchurch Business Park, Whitchurch, Shropshire, SY13 1LJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The company is a wholly owned subsidiary of Amerciold Holdings UK Limited and of its ultimate parent, Americold Realty Trust. It is included in the consolidated financial statements of Americold Realty Trust which are publicly available. The company is exempt by virtue of section 401 of the Companies Act 2006 from the requirement to prepare consolidated financial statements.The ultimate parent undertaking and the smallest and largest group to consolidate these financial statements is Americold Realty Trust. The address of the parent's registered office is 10 Glenlake Parkway, South Tower, Suite 600, Atlanta, Georgia, USA.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
0%
Plant and equipment
5-15% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

T F BOWMAN & SON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2021
1
Accounting policies
(Continued)
- 12 -
1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

 

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

T F BOWMAN & SON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2021
1
Accounting policies
(Continued)
- 13 -
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

T F BOWMAN & SON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2021
1
Accounting policies
(Continued)
- 14 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

T F BOWMAN & SON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2021
- 15 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2021
2021
Number
Number
Total
-
0
-
0
4
Interest receivable and similar income
2021
2021
£
£
Interest receivable and similar income includes the following:
Income from shares in group undertakings
-
0
3,000,000
5
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 February 2021
15,806,619
15,398,463
31,205,082
Additions
227,142
256,958
484,100
Disposals
-
0
(434,809)
(434,809)
At 31 December 2021
16,033,761
15,220,612
31,254,373
Depreciation and impairment
At 1 February 2021
-
0
4,122,780
4,122,780
Depreciation charged in the period
-
0
1,108,396
1,108,396
Eliminated in respect of disposals
-
0
(241,345)
(241,345)
At 31 December 2021
-
0
4,989,831
4,989,831
Carrying amount
At 31 December 2021
16,033,761
10,230,781
26,264,542
At 31 January 2021
15,806,619
11,275,683
27,082,302
T F BOWMAN & SON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2021
- 16 -
6
Fixed asset investments
2021
2021
£
£
Shares in group undertakings and participating interests
100
100
7
Debtors
2021
2021
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1,722,075
408,881
8
Creditors: amounts falling due within one year
2021
2021
£
£
Bank loans
-
0
922,849
Other creditors
11,200
4,310,681
11,200
5,233,530
9
Creditors: amounts falling due after more than one year
2021
2021
£
£
Bank loans and overdrafts
-
0
15,995,295
10
Called up share capital
2021
2021
2021
2021
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
200
100
200
100

Rights, preferences and restrictions

Ordinary shares have the following rights, preferences and restrictions:

Ordinary shares are shares with full and equal rights to participate in voting in all circumstances and in dividends and capital distributions. The shares are not redeemable.

During the period 100 ordinary shares of nominal value £1 each were issued to Americold Holdings UK Limited for £206,302.52.

T F BOWMAN & SON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2021
- 17 -
11
Revaluation reserve
2021
2021
£
£
At the beginning of the period
1,832,407
1,832,407
Revaluation surplus arising in the period
98,946
-
0
At the end of the period
1,931,353
1,832,407
12
Profit and loss reserves
2021
2021
£
£
At the beginning of the period
3,299,309
1,372,455
Profit for the period
85,702
1,926,854
At the end of the period
3,385,011
3,299,309
13
Related party transactions

Summary of transactions with parent

The Company has taken advantage of the exemptions available to them from the requirement to disclose transactions with group companies on the grounds that consolidated financial statements are prepared by its parent group as detailed in the note below.

14
Parent company

The company's immediate parent is Americold Holdings UK Limited, incorporated in England and Wales.

 

The ultimate parent is Americold Realty Trust, incorporated in the United States of America.

 

The most senior parent entity producing publicly available financial statements is Americold Realty Trust. These financial statements are publicly available. The address of Americold Realty Trust is 10 Glenlake Parkway, South Tower, Suite 600, Atlanta, Georgia, USA.

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