Company registration number 10614587 (England and Wales)
PHILIP BEARCROFT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
PHILIP BEARCROFT LIMITED
BALANCE SHEET
AS AT 31 MARCH 2023
31 March 2023
- 1 -
2023
2022
£
£
£
£
Fixed assets
2,128
3,217
Current assets
966,757
827,369
Prepayments and accrued income
11,446
10,348
Creditors: amounts falling due within one year
(65,710)
(57,070)
Net current assets
912,493
780,647
Total assets less current liabilities
914,621
783,864
Net assets
914,621
783,864
Capital and reserves
914,621
783,864
Notes to the financial statements
1
Director's benefits: advances, credit and guarantees
During the year the company made advances to the directors of £200,000 (2022 £100,000). At the balance sheet date the outstanding balance was £199,952 (2021 £99,611). Interest was charged at 2% for each month the loan exceeded £10,000
2
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2023
2022
Number
Number
Employees
2
2
Philip Bearcroft Limited is a private company limited by shares incorporated in England and Wales. The registered office is First Floor, Victory House, Vision Park, Chivers Way, Histon, CB24 9ZR.
For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
PHILIP BEARCROFT LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023
31 March 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 20 November 2023 and are signed on its behalf by:
Dr P Bearcroft
Director
Company registration number 10614587 (England and Wales)