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Registration number: 04409836

Report of the Director and


Annual Report and Unaudited Financial Statements

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

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Battersea Park Developments Limited

Company Information
for the Year Ended 30 April 2022

Director:

A A Wilson

Registered office:

18 Winchester Stables
Winchester Walk
London Bridge
London
SE1 9AG

Registered number:

04409836

Accountants:

Wem & Co
Chartered Accountants
Savoy House
Savoy Circus
London
W3 7DA

 

Battersea Park Developments Limited

(Registration number: 04409836)
Balance Sheet as at 30 April 2022

Note

30.04.22

30.04.21

   

£

£

£

£

FIXED ASSETS

   

 

Tangible assets

5

 

128,666

 

140,363

Investment property

6

 

270,000

 

270,000

   

398,666

 

410,363

CURRENT ASSETS

   

 

Cash at bank and in hand

 

5,631

 

1,320

 

CREDITORS

   

 

Creditors within 1yr

7

62,155

 

67,177

 

Net current liabilities

   

(56,524)

 

(65,857)

Total assets less current liabilities

   

342,142

 

344,506

PROVISIONS FOR LIABILITES

 

(35,965)

 

(39,727)

Net assets

   

306,177

 

304,779

CAPITAL AND RESERVES

   

 

Called up share capital

 

2

 

2

Other reserves

 

57,549

 

40,147

Profit and loss account

 

248,626

 

264,630

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:

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 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 director on 8 November 2023
 

.........................................
A A Wilson
Director

 

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:
18 Winchester Stables
Winchester Walk
London Bridge
London
SE1 9AG

These financial statements were authorised for issue by the director on 8 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 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

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually using observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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 0 (2021 - 0).

 

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
£

Depreciation expense

11,697

11,697

5.

Tangible assets

Plant and
machinery
Total
£

Cost or valuation

At 1 May 2021

175,454

At 30 April 2022

175,454

Depreciation

At 1 May 2021

35,091

Charge for the year

11,697

At 30 April 2022

46,788

Carrying amount

At 30 April 2022

128,666

At 30 April 2021

140,363

6.

Investment properties

30.04.22
£

At 1 May

270,000

At 30 April

270,000

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
£

Due within one year

Taxation and social security

18,777

20,279

Accruals and deferred income

1,920

1,920

Other creditors

41,458

44,978

62,155

67,177