Registration number:
Report of the Director and
for the
Year Ended 30 April 2022
for
Battersea Park Developments Limited
Battersea Park Developments Limited
Contents of the Financial Statements
for the Year Ended 30 April 2022
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Battersea Park Developments Limited
Company Information
for the Year Ended 30 April 2022
Director: |
A A Wilson |
Registered office: |
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Registered number: |
04409836 |
Accountants: |
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Battersea Park Developments Limited
(Registration number: 04409836)
Balance Sheet as at 30 April 2022
Note |
30.04.22 |
30.04.21 |
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£ |
£ |
£ |
£ |
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FIXED ASSETS |
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Tangible assets |
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Investment property |
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CURRENT ASSETS |
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Cash at bank and in hand |
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CREDITORS |
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Creditors within 1yr |
62,155 |
67,177 |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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PROVISIONS FOR LIABILITES |
( |
( |
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Net assets |
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CAPITAL AND RESERVES |
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Called up share capital |
2 |
2 |
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Other reserves |
57,549 |
40,147 |
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Profit and loss account |
248,626 |
264,630 |
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Shareholders' funds |
306,177 |
304,779 |
For the financial year ending 30 April 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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.
Director's responsibilities:
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• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
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
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Battersea Park Developments Limited
Notes to the Unaudited Financial Statements
for the Year Ended 30 April 2022
1. |
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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 is Pound Sterling (£).
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 and deferred 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.
Battersea Park Developments Limited
Notes to the Unaudited Financial Statements
for the Year Ended 30 April 2022 (continued)
2 |
Accounting policies (continued) |
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
15 years straight line |
Investment property
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 the director) during the year, was
Battersea Park Developments Limited
Notes to the Unaudited Financial Statements
for the Year Ended 30 April 2022 (continued)
4. |
Loss before tax |
Arrived at after charging/(crediting)
30.04.22 |
30.04.21 |
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Depreciation expense |
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5. |
Tangible assets |
Plant and |
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Cost or valuation |
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At 1 May 2021 |
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At 30 April 2022 |
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Depreciation |
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At 1 May 2021 |
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Charge for the year |
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At 30 April 2022 |
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Carrying amount |
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At 30 April 2022 |
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At 30 April 2021 |
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6. |
Investment properties |
30.04.22 |
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At 1 May |
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At 30 April |
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The properties were revalued at the year on an open market basis by the director and fair value is represented by cost of £200,932 plus revaluation surplus of £69,068 giving a total £270,000.
Battersea Park Developments Limited
Notes to the Unaudited Financial Statements
for the Year Ended 30 April 2022 (continued)
7. |
Creditors |
Creditors: amounts falling due within one year
30.04.22 |
30.04.21 |
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Due within one year |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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