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Registration number: 10300580

Proma Boatman Limited

Unaudited Filleted Financial Statements

for the Year Ended 27 January 2023

 

Proma Boatman Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Proma Boatman Limited

Company Information

Directors

B J Gill

G Shannon

Registered office

Kingfisher Court
Plaxton Bridge Road
Woodmansey
Beverley
East Yorkshire
HU17 0RT

 

Proma Boatman Limited

(Registration number: 10300580)
Balance Sheet as at 27 January 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

10,391

9,996

Cash at bank and in hand

 

814

3,526

 

11,205

13,522

Creditors: Amounts falling due within one year

5

(13,167)

(12,484)

Net (liabilities)/assets

 

(1,962)

1,038

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(2,062)

938

Shareholders' (deficit)/funds

 

(1,962)

1,038

For the financial year ending 27 January 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The Directors acknowledge their 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 Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 October 2023 and signed on its behalf by:
 

.........................................
B J Gill
Director

.........................................
G Shannon
Director

 

Proma Boatman Limited

Notes to the Unaudited Financial Statements for the Year Ended 27 January 2023

1

General information

The company is a private company limited by share capital incorporated in England and Wales and the company registration number is 10300580.

The address of its registered office is:
Kingfisher Court
Plaxton Bridge Road
Woodmansey
Beverley
East Yorkshire
HU17 0RT

These financial statements were authorised for issue by the Board on 25 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.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Going concern

The financial statements have not been prepared on a going concern basis as the business has ceased to trade.

Revenue recognition

Turnover arises from the sale of properties during the year. Turnover is measured at the fair value of the consideration received or receivable and represents amounts for the sale of properties in the normal course of business, net of discounts and other sales-related taxes.

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 of each of the companies 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 income 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.

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.

 

Proma Boatman Limited

Notes to the Unaudited Financial Statements for the Year Ended 27 January 2023

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.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

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

4

Debtors

Current

2023
£

2022
£

Other debtors

10,391

9,996

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

11,667

10,984

Accruals and deferred income

1,500

1,500

13,167

12,484

6

Related party transactions

At the year end the directors owed the company £8,000 (2022: £8,000). Loans made by the company to the directors are unsecured, interest free and repayable on demand

Transactions with Directors

2023

At 28 January 2022
£

At 27 January 2023
£

B J Gill

Unsecured, interest free, repayable on demand

4,000

4,000

-

-

 

4,000

4,000

   

G Shannon

Unsecured, interest free, repayable on demand

4,000

4,000

-

-

 

4,000

4,000