REGISTERED NUMBER: |
Unaudited Financial Statements |
For The Period 30 March 2022 to 27 March 2023 |
for |
The Carlsberg Tetley Project Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
For The Period 30 March 2022 to 27 March 2023 |
for |
The Carlsberg Tetley Project Ltd |
The Carlsberg Tetley Project Ltd (Registered number: 10411182) |
Contents of the Financial Statements |
For The Period 30 March 2022 to 27 March 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
The Carlsberg Tetley Project Ltd |
Company Information |
For The Period 30 March 2022 to 27 March 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Mill House |
58 Guildford Street |
Chertsey |
Surrey |
KT16 9BE |
The Carlsberg Tetley Project Ltd (Registered number: 10411182) |
Balance Sheet |
27 March 2023 |
27.3.23 | 29.3.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET LIABILITIES | ( |
) | ( |
) |
RESERVES |
Income and expenditure account | ( |
) | ( |
) |
( |
) | ( |
) |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
The Carlsberg Tetley Project Ltd (Registered number: 10411182) |
Balance Sheet - continued |
27 March 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
The Carlsberg Tetley Project Ltd (Registered number: 10411182) |
Notes to the Financial Statements |
For The Period 30 March 2022 to 27 March 2023 |
1. | STATUTORY INFORMATION |
The Carlsberg Tetley Project Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements are prepared under the going concern basis, relying on the continued support of the company's directors and loan creditors and the future achievement of grant providers objectives. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable and is recognised as services are provided. Where invoices are issued which cover a period which extends beyond the year end, the relevant proportion is credited to the income statement for the period and the amount in advance is carried forward in creditors. |
Tangible fixed assets |
Improvements to property | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
The depreciation of Improvements to property will commence when the improvements have been completed. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease. |
The Carlsberg Tetley Project Ltd (Registered number: 10411182) |
Notes to the Financial Statements - continued |
For The Period 30 March 2022 to 27 March 2023 |
2. | ACCOUNTING POLICIES - continued |
Debtors |
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. |
Cash at bank and in hand |
Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. |
Creditors |
Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. |
Interest Bearing borrowings |
Loans received are stated at the initial amount received. Interest is accrued up to the end of the accounting period where not yet paid. Costs of raising finance are recognised in profit and loss account in the period in which they are incurred. |
Government grants |
Grants towards capital expenditure are shown as credits, when received, against the relevant fixed asset heading and are thus effectively released to profit and loss account over the life of the relevant fixed assets by reducing the depreciation charge. |
Grants toward revenue expenditure are taken straight to profit and loss account when received and shown as other operating income. |
Where there are conditions attaching to the grants, the directors keep these under review such that should any of the grants become repayable, this is then transferred back to creditors. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
to | and | Motor | Computer |
property | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 30 March 2022 |
Additions |
At 27 March 2023 |
DEPRECIATION |
At 30 March 2022 |
Charge for period |
At 27 March 2023 |
NET BOOK VALUE |
At 27 March 2023 |
At 29 March 2022 |
The Carlsberg Tetley Project Ltd (Registered number: 10411182) |
Notes to the Financial Statements - continued |
For The Period 30 March 2022 to 27 March 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
27.3.23 | 29.3.22 |
£ | £ |
Trade debtors |
Other debtors |
VAT |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
27.3.23 | 29.3.22 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
VAT | - | 10,913 |
Other creditors |
Directors' loan accounts | 37,264 | 52,235 |
Accruals and deferred income |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
27.3.23 | 29.3.22 |
£ | £ |
Bank loans |
Directors' loan accounts | 50,779 | 87,779 |
8. | CONTINGENT LIABILITIES |
The company has received demands for four rates bills after the year end for 2020 onwards for £270,000 each. The company is disputing this with the relevant authorities. However an accrual of £25,000 has been made in order to cover a partial amount of these bills, but no further amount has been accrued for. |
9. | OTHER FINANCIAL COMMITMENTS |
At 29th March 2023, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £375,000, subject to the level of rental income received. |