Salboy BP SPV 22 Limited 13386823 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is development of building projects. Digita Accounts Production Advanced 6.30.9574.0 true false true 13386823 2022-04-01 2023-03-31 13386823 2023-03-31 13386823 core:RetainedEarningsAccumulatedLosses 2023-03-31 13386823 core:ShareCapital 2023-03-31 13386823 core:CurrentFinancialInstruments 2023-03-31 13386823 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 13386823 bus:SmallEntities 2022-04-01 2023-03-31 13386823 bus:Audited 2022-04-01 2023-03-31 13386823 bus:FullAccounts 2022-04-01 2023-03-31 13386823 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 13386823 bus:RegisteredOffice 2022-04-01 2023-03-31 13386823 bus:Director1 2022-04-01 2023-03-31 13386823 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 13386823 1 2022-04-01 2023-03-31 13386823 countries:EnglandWales 2022-04-01 2023-03-31 13386823 2021-05-11 2022-03-31 13386823 2022-03-31 13386823 core:RetainedEarningsAccumulatedLosses 2022-03-31 13386823 core:ShareCapital 2022-03-31 13386823 core:CurrentFinancialInstruments 2022-03-31 13386823 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 13386823

Salboy BP SPV 22 Limited

Financial Statements

for the Year Ended 31 March 2023

 

Salboy BP SPV 22 Limited

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 4

 

Salboy BP SPV 22 Limited

(Registration number: 13386823)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Current assets

 

Stocks

4

1,709,509

1,108,648

Debtors

5

322

1,308

Cash at bank and in hand

 

3,823

41

 

1,713,654

1,109,997

Creditors: Amounts falling due within one year

6

(1,720,480)

(1,112,967)

Net liabilities

 

(6,826)

(2,970)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(6,827)

(2,971)

Shareholders' deficit

 

(6,826)

(2,970)

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.

As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account or the Directors' Report.

Approved and authorised by the Board on 6 September 2023 and signed on its behalf by:
 

.........................................
Mr SA Ismail
Director

 

Salboy BP SPV 22 Limited

Notes to the Financial Statements for the Year Ended 31 March 2023

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:
Unit 3 Birchwood One Business Park
Dewhurst Road
Birchwood
Warrington
Cheshire
WA3 7GB

These financial statements were authorised for issue by the Board on 6 September 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.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through funds provided by the parent company. The directors consider that these facilities will continue to be made available to the company. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result if the going concern basis were not appropriate.

Audit report
The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 6 September 2023 was Mr Ian William Biddington, who signed for and on behalf of Alextra Audit Limited.

 

Salboy BP SPV 22 Limited

Notes to the Financial Statements for the Year Ended 31 March 2023

Judgements

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 revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Stocks

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs, borrowing costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Stocks

2023
£

2022
£

Work in progress

1,709,509

1,108,648

5

Debtors

2023
£

2022
£

Other debtors

322

1,308

 

322

1,308

 

Salboy BP SPV 22 Limited

Notes to the Financial Statements for the Year Ended 31 March 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

150

177

Accruals and deferred income

2,625

113,389

Other creditors

3,000

-

Owed to group undertakings

1,714,705

999,401

1,720,480

1,112,967

Included within 'Owed to group undertakings' is £1,714,705 (2022 - £999,401) in relation to a loan which is secured by fixed and floating charge 19 January 2022 over all the property or undertaking of the company and the property at Bright Ridge, Southborough.

7

Parent and ultimate parent undertaking

The company's immediate parent is Salboy BP Limited, a company incorporated in England and Wales, company number 12200502, registered office Unit 3 Birchwood One Business Park, Dewhurst Road, Birchwood, Warrington, United Kingdom, WA3 7GB.

The ultimate parent is Salboy Limited, a company incorporated in England and Wales, company number 09123542, registered office Unit 3 Birchwood One Business Park, Dewhurst Road, Birchwood, Warrington, United Kingdom, WA3 7GB.

These financial statements are consolidated within the group financial statements of Salboy Limited. Copies of the consolidated financial statements are available on request from Unit 3 Birchwood One Business Park, Dewhurst Road, Birchwood, Warrington, United Kingdom, WA3 7GB.

The shareholders of Salboy Limited are considered to be the controlling parties.

The company has taken advantage of the exemption from disclosure of intra group transactions in accordance with FRS102 paragraph 33.1A.