Salboy BP SPV 14 Limited 12726870 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 12726870 2022-04-01 2023-03-31 12726870 2023-03-31 12726870 core:RetainedEarningsAccumulatedLosses 2023-03-31 12726870 core:ShareCapital 2023-03-31 12726870 core:CurrentFinancialInstruments 2023-03-31 12726870 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 12726870 bus:SmallEntities 2022-04-01 2023-03-31 12726870 bus:Audited 2022-04-01 2023-03-31 12726870 bus:FullAccounts 2022-04-01 2023-03-31 12726870 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 12726870 bus:RegisteredOffice 2022-04-01 2023-03-31 12726870 bus:Director1 2022-04-01 2023-03-31 12726870 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 12726870 1 2022-04-01 2023-03-31 12726870 countries:EnglandWales 2022-04-01 2023-03-31 12726870 2021-04-01 2022-03-31 12726870 2022-03-31 12726870 core:RetainedEarningsAccumulatedLosses 2022-03-31 12726870 core:ShareCapital 2022-03-31 12726870 core:CurrentFinancialInstruments 2022-03-31 12726870 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 12726870

Salboy BP SPV 14 Limited

Financial Statements

for the Year Ended 31 March 2023

 

Salboy BP SPV 14 Limited

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 4

 

Salboy BP SPV 14 Limited

(Registration number: 12726870)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Current assets

 

Stocks

4

1,165,864

1,620,108

Debtors

5

45

99,058

Cash at bank and in hand

 

4,796

1,907

 

1,170,705

1,721,073

Creditors: Amounts falling due within one year

6

(1,109,687)

(1,727,550)

Net assets/(liabilities)

 

61,018

(6,477)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

61,017

(6,478)

Shareholders' funds/(deficit)

 

61,018

(6,477)

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 14 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 14 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.

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 sales/value added tax, 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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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

1,165,864

1,620,108

 

Salboy BP SPV 14 Limited

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

5

Debtors

2023
£

2022
£

Other debtors

45

99,058

45

99,058

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

150

1,080

Taxation and social security

16,085

250

Accruals and deferred income

82,269

2,350

Other creditors

4,375

3,000

Owed to group undertakings

1,006,808

1,720,870

1,109,687

1,727,550

Included within 'Owed to group undertakings' is £nil (2022 - £1,720,870) in relation to a loan which is secured by fixed and floating charges dated 11 March 2021 and 23 March 2021 over all the property or undertaking of the company and the property at The Cross Keys, 162 Ashbourne Road. These charges were satisfied on the 7 December 2022 and 13 December 2022 respectively.

7

Parent and ultimate parent undertaking

The company's immediate parent is Salboy Property Limited, a company incorporated in England and Wales, company number 13834435, 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.