M.W. Beer Commodities Limited
Unaudited Financial Statements
For the year ended 31 December 2023
Pages for Filing with Registrar
Company Registration No. 02623524 (England and Wales)
M.W. Beer Commodities Limited
Company Information
Director
M. Beer
Secretary
C. Holmes
Company number
02623524
Registered office
6-7 Grange Court
The Limes
Ingatestone
Essex
CM4 0GB
Accountants
Moore Kingston Smith LLP
Orbital House
20 Eastern Road
Romford
Essex
RM1 3PJ
Business address
6 / 7 Grange Court
The Limes
Ingatestone
Essex
CM4 0GB
M.W. Beer Commodities Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
M.W. Beer Commodities Limited
Balance Sheet
As at 31 December 2023
31 December 2023
Page 1
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
100
367,662
Creditors: amounts falling due within one year
4
-
0
(30,000)
Net current assets
100
337,662
Capital and reserves
Called up share capital
5
100
100
Retained earnings
-
0
337,562
Total equity
100
337,662

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 479A of the Companies Act 2006 relating to subsidiary 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 11 March 2024
M. Beer
Director
Company Registration No. 02623524
M.W. Beer Commodities Limited
Notes to the Financial Statements
For the year ended 31 December 2023
Page 2
1
Accounting policies
Company information

M.W. Beer Commodities Limited is a private company limited by shares incorporated in England and Wales. The registered office and the business address is 6 - 7 Grange Court, The Limes, Ingatestone, Essex, CM4 0GB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

 

 

The financial statements of the company are consolidated in the financial statements of M W Beer Holdings Limited. These consolidated financial statements are available from its registered office: Orbital House, 20 Eastern Road, Romford, Essex, RM1 3PJ.

1.2
Going concern

The company will be struck off post year end and hence the financial statements have not been prepared on a going concern basis. No adjustments were required to the financial statements as a result.

1.3
Profit and loss account

The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

M.W. Beer Commodities Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
1
Accounting policies
(Continued)
Page 3
1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.

Basic financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price and are subsequently measured at amortised cost.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 0 (2022: 0).

3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts due from group undertakings
-
0
367,456
Other debtors
100
206
100
367,662
4
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
-
30,000
M.W. Beer Commodities Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
Page 4
5
Called up share capital
2023
2022
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary shares of £1 each
100
100
6
Parent company

The parent company is M W Beer Holdings Limited, a company registered in England and Wales. The ultimate controlling party is considered to be the executors of the estate of the late M. W. Beer.

 

These financial statements of this company are consolidated into the financial statements of M W Beer Holdings Limited, being the largest and smallest group to consolidate these financial statements, and can be obtained from the registered office: Orbital House, 20 Eastern Road, Romford, Essex, RM1 3PJ.

 

For the financial year ended 31 December 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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