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Registration number: 09616892

Bordery Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2022

 

Bordery Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Bordery Limited

Company Information

Directors

Mrs P Caspar

Miss A C M Caspar

Bedex Et Associes R.C.S.

Ms M Caspar

Registered office

26-28 Riverside Way
Cowley
Uxbridge
UB8 2YF

Accountants

Harbour Key Limited
Midway House
Herrick Way
Staverton
Cheltenham
GL51 6TQ

 

Bordery Limited

(Registration number: 09616892)
Balance Sheet as at 31 December 2022

Note

2022
£

2021
£

Fixed assets

 

Investments

4

978,965

1,211,594

Current assets

 

Cash at bank and in hand

 

1,198,860

1,000,995

Creditors: Amounts falling due within one year

5

(2,691,714)

(2,683,374)

Net current liabilities

 

(1,492,854)

(1,682,379)

Net liabilities

 

(513,889)

(470,785)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(513,890)

(470,786)

Shareholders' deficit

 

(513,889)

(470,785)

For the financial year ending 31 December 2022 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 2 November 2023 and signed on its behalf by:
 

.........................................
Mrs P Caspar
Director

 

Bordery Limited

Notes to the Unaudited Financial Statements for the Year Ended 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:
26-28 Riverside Way
Cowley
Uxbridge
UB8 2YF
England

These financial statements were authorised for issue by the Board on 2 November 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 presentational currency of the financial statements is British Pound £, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are round to the nearest £.

Group accounts not prepared

The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that it is a small group.

Going concern

At 31 December 2022, the Company had net liabilities. The directors have confirmed their willingness to provide financial support to the Company to such an extent that, in their opinion, the Company will be able to meet its liabiltiies as they fall due for the foreseeable future, being a period not less than twelve months from the signing of the Balance Sheet.

On this understanding, the financial statements have been prepared on a going concern basis.

 

Bordery Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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 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 initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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 directors) during the year, was 3 (2021 - 3).

4

Investments

2022
£

2021
£

Investments in associates

978,965

1,211,594

 

Bordery Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

Associates

£

Cost

At 1 January 2022

2,107,298

Disposals

(205,590)

At 31 December 2022

1,901,708

Provision

At 1 January 2022

895,704

Provision

27,039

At 31 December 2022

922,743

Carrying amount

At 31 December 2022

978,965

At 31 December 2021

1,211,594

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2022

2021

Associates

Boulangerie De Paris Ltd

26-28 Riverside Way, Cowley, Uxbridge, UB8 2YF

Ordinary £0.01 shares

43%

40%

 

England

     

Associates

Boulangerie De Paris Ltd

The principal activity of Boulangerie De Paris Ltd is manufacture of bread, fresh pastry goods and cakes..

 

Bordery Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

5

Creditors

Creditors: amounts falling due within one year

Note

2022
£

2021
£

Due within one year

 

Trade creditors

 

-

994

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

6

2,683,672

2,674,393

Other creditors

6

8,042

7,987

 

2,691,714

2,683,374

6

Related party transactions

Transactions with directors

At the balance sheet date, the company owed the directors £6,062 (2021: £6,000). There are no repayment terms or interest charged on the outstanding amount.

Summary of transactions with parent

Bedex et Associes
(Parent company)

 The parent company, which is registered and domiciled in France, hss provided the Company with an unsecured, interest bearing loan. This loan is repayable within 90 days upon demand. During the year, the Company repaid £10,000 (2021: £nil) and accrued interest of £19,279 (2021: £19,654) was added to the loan balance outstanding. At the balance sheet date the amount due to Bedex et Associes was £2,683,672 (2021: £2,674,393).