Registration number:
Sale & Leaseback Limited
for the Year Ended 28 February 2023
Sale & Leaseback Limited
Contents
Company Information |
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Directors' Report |
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Statement of Comprehensive Income |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Sale & Leaseback Limited
Company Information
Directors |
T J Evans S L Gumm N M Leslau |
Company secretary |
S L Gumm |
Registered office |
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Sale & Leaseback Limited
Directors' Report for the Year Ended 28 February 2023
The directors present their report and the financial statements for the year ended 28 February 2023.
Principal activity
The company did not trade in the current year or prior period.
Directors of the company
The directors who held office during the year were as follows:
Statement of directors' responsibilities
The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
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select suitable accounting policies and apply them consistently; |
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make judgements and accounting estimates that are reasonable and prudent; |
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small companies provision statement
This report has 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.
Approved and authorised by the
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Sale & Leaseback Limited
Statement of Comprehensive Income for the Year Ended 28 February 2023
The company did not trade during the year or the preceding financial period. During these periods, the company received no income and incurred no expenditure and therefore did not make profit nor loss.
Sale & Leaseback Limited
(Registration number: 06275379)
Balance Sheet as at 28 February 2023
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2023 |
2022 |
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Current assets |
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Debtors |
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Total assets less current liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Shareholder's funds |
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For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. |
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.
Approved and authorised by the
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Sale & Leaseback Limited
Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023
General information |
The company is a private company limited by share capital, incorporated in England. The registered office address is shown on page 1.
Accounting policies |
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A Small Entities and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
Director information |
The company had
Debtors |
2023 |
2022 |
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Amounts due from parent undertaking |
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Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
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No. |
£ |
No. |
£ |
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1 |
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1 |
Contingent liabilities and related party transactions |
In September 2014 the company entered into a Deed of Novation, under which Prestbury Investment Holdings Limited ("PIHL") transferred all of its rights, obligations and liabilities as guarantor, under a finance agreement between BJSB Limited and Kaupthing Singer & Friedlander Limited ("KSF"), to the company. The outstanding guarantees amounted to US$8.5 million (£5.2 million) at the date of novation. Following that transaction, in September 2014 Holetown Partnership acquired KSF's interest in the finance agreement. PIHL has a beneficial interest of 50% in both BJSB Limited and Holetown Partnership.
Sale & Leaseback Limited
Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023
Parent undertaking and ultimate controlling party |
As at 28 February 2023, the company's immediate parent undertaking is
The company's ultimate parent undertaking is
Neither company prepares consolidated financial statements on the basis that each is the parent undertaking of a small group.