REGISTERED NUMBER: |
Financial Statements |
for the Period 1 January 2022 to 31 March 2023 |
for |
Port Sutton Bridge Limited |
REGISTERED NUMBER: |
Financial Statements |
for the Period 1 January 2022 to 31 March 2023 |
for |
Port Sutton Bridge Limited |
Port Sutton Bridge Limited (Registered number: 01577650) |
Contents of the Financial Statements |
for the Period 1 January 2022 to 31 March 2023 |
Page |
Company information | 1 |
Statement of financial position | 2 |
Notes to the financial statements | 3 | to | 5 |
Port Sutton Bridge Limited |
Company Information |
for the Period 1 January 2022 to 31 March 2023 |
Director: |
Registered office: |
Business address: |
Registered number: |
Auditors: |
27 Market Place |
Market Deeping |
Peterborough |
Cambs |
PE6 8EA |
Port Sutton Bridge Limited (Registered number: 01577650) |
Statement of Financial Position |
31 March 2023 |
2023 | 2021 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 5 |
Investments | 6 |
Current assets |
Stocks |
Debtors | 7 |
Cash at bank |
Creditors |
Amounts falling due within one year | 8 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities |
Provisions for liabilities |
Net assets |
Capital and reserves |
Called up share capital | 9 |
Revaluation reserve | 10 |
Capital redemption reserve |
Retained earnings | ( |
) |
Shareholders' funds |
In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Port Sutton Bridge Limited (Registered number: 01577650) |
Notes to the Financial Statements |
for the Period 1 January 2022 to 31 March 2023 |
1. | Statutory information |
Port Sutton Bridge Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | Statement of compliance |
3. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Port Sutton Bridge Limited (Registered number: 01577650) |
Notes to the Financial Statements - continued |
for the Period 1 January 2022 to 31 March 2023 |
3. | Accounting policies - continued |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
4. | Employees and directors |
The average number of employees during the period was |
5. | Tangible fixed assets |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
Cost or valuation |
At 1 January 2022 |
Additions |
Disposals | ( |
) | ( |
) | ( |
) |
Revaluations |
At 31 March 2023 |
Depreciation |
At 1 January 2022 |
Charge for period |
Eliminated on disposal | ( |
) | ( |
) | ( |
) |
At 31 March 2023 |
Net book value |
At 31 March 2023 |
At 31 December 2021 |
Freehold land and buildings have been revalued on an open market basis on 28 June 2022 by Gerald Eve LLP at £8,200,000. If these had not been revalued, the land and buildings would have been included at the historical cost of £2,904.121. |
6. | Fixed asset investments |
Shares in |
group |
undertakings |
£ |
Cost |
At 1 January 2022 |
and 31 March 2023 |
Net book value |
At 31 March 2023 |
At 31 December 2021 |
Port Sutton Bridge Limited (Registered number: 01577650) |
Notes to the Financial Statements - continued |
for the Period 1 January 2022 to 31 March 2023 |
7. | Debtors: amounts falling due within one year |
2023 | 2021 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
8. | Creditors: amounts falling due within one year |
2023 | 2021 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
9. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2021 |
value: | £ | £ |
Ordinary | £1 | 1,796,850 | 526,850 |
10. | Reserves |
Revaluation |
reserve |
£ |
Revaluation reserve | 4,627,577 |
At 31 March 2023 |
11. | Disclosure under Section 444(5B) of the Companies Act 2006 |
The Report of the auditors was unqualified. |
for and on behalf of |
12. | Related party disclosures |
As at 31 March 2023 there was an amount owed by a group company totaling £113,269. There was also an amount owed to another group company totaling £81,176. These loans are interest free and repayable on demand. |