Butlers Walsall Sunderland Limited 11041089 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is Development and selling of real estate Digita Accounts Production Advanced 6.30.9574.0 true true 11041089 2022-04-01 2023-03-31 11041089 2023-03-31 11041089 bus:OrdinaryShareClass1 2023-03-31 11041089 bus:Original 2023-03-31 11041089 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 11041089 core:AllAssociates 2023-03-31 11041089 core:ParentEntities 2023-03-31 11041089 bus:SmallEntities 2022-04-01 2023-03-31 11041089 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 11041089 bus:FullAccounts 2022-04-01 2023-03-31 11041089 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 11041089 bus:RegisteredOffice 2022-04-01 2023-03-31 11041089 bus:Director1 2022-04-01 2023-03-31 11041089 bus:Director2 2022-04-01 2023-03-31 11041089 bus:Director3 2022-04-01 2023-03-31 11041089 bus:Director4 2022-04-01 2023-03-31 11041089 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 11041089 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11041089 core:AllAssociates 2022-04-01 2023-03-31 11041089 core:ParentEntities 2022-04-01 2023-03-31 11041089 countries:AllCountries 2022-04-01 2023-03-31 11041089 2022-03-31 11041089 core:AllAssociates 2022-03-31 11041089 core:ParentEntities 2022-03-31 11041089 2021-04-01 2022-03-31 11041089 2022-03-31 11041089 bus:OrdinaryShareClass1 2022-03-31 11041089 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 11041089 core:AllAssociates 2022-03-31 11041089 core:ParentEntities 2022-03-31 11041089 2021-03-31 11041089 core:AllAssociates 2021-03-31 11041089 core:ParentEntities 2021-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11041089

Butlers Walsall Sunderland Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

Butlers Walsall Sunderland Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Butlers Walsall Sunderland Limited

Company Information

Directors

Mr Amar Singh Mehli

Mr Dhaval Navnitkumar Patel

Mr Amarveer Singh Dhatt

Mr Pallav Vasa

Registered office

204 Field End Road
Pinner
HA5 1RD

 

Butlers Walsall Sunderland Limited

(Registration number: 11041089)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Current assets

 

Stocks

4

2,225,579

2,225,579

Cash at bank and in hand

 

2

2

 

2,225,581

2,225,581

Creditors: Amounts falling due within one year

5

(2,233,764)

(2,233,044)

Net liabilities

 

(8,183)

(7,463)

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

(8,283)

(7,563)

Shareholders' deficit

 

(8,183)

(7,463)

For the financial year ending 31 March 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 31 July 2023 and signed on its behalf by:
 

.........................................
Mr Amar Singh Mehli
Director

 

Butlers Walsall Sunderland Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
204 Field End Road
Pinner
HA5 1RD
England

These financial statements were authorised for issue by the Board on 31 July 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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Butlers Walsall Sunderland Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

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 4 (2022 - 4).

4

Stocks

2023
£

2022
£

Other inventories

2,225,579

2,225,579

 

Butlers Walsall Sunderland Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

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

7

2,224,998

2,224,998

Taxation and social security

 

2,574

2,574

Accruals and deferred income

 

3,920

3,200

Other creditors

 

2,272

2,272

 

2,233,764

2,233,044

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordanary of £1 each

100

100

100

100

         

7

Related party transactions

Summary of transactions with parent

Ratnaafin Global Holdings Limited
 As at 31 March 2023, included in creditors is an amount of £1,879,953 ( 2022 - £1,879,953) owed to Ratnaafin Global Holdings Limited.
 

Summary of transactions with associates

Butlers Walsall Limited registered in England and Wales Reg No: 06596132
Vasa Holdings Ltd registered in England and Wales Reg No: 12201667

 As at 31 March 2022, included in creditors is an amount of £225,048 (2021: £225,048) owed to associate Butlers Walsall Limited.
As at 31 March 2022, included in creditors is an amount of £119,997 (2021: £119,997) owed to associate Vasa Holdings Ltd.

 

Loans from related parties

2023

Parent
£

Associates
£

Total
£

At start of period

1,879,953

345,045

2,224,998

At end of period

1,879,953

345,045

2,224,998

 

Butlers Walsall Sunderland Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

2022

Parent
£

Associates
£

Total
£

At start of period

1,879,953

345,045

2,224,998

At end of period

1,879,953

345,045

2,224,998