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REGISTERED NUMBER: 12487049 (England and Wales)















Swindon Truckstop Limited

Financial Statements for the Period 16 September 2022 to 31 December 2022






Swindon Truckstop Limited (Registered number: 12487049)






Contents of the Financial Statements
for the Period 16 September 2022 to 31 December 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Swindon Truckstop Limited

Company Information
for the Period 16 September 2022 to 31 December 2022







DIRECTORS: J Nair
H Suglani





REGISTERED OFFICE: Myo 2nd Floor
123 Victoria Street
London
SW1E 6DE





REGISTERED NUMBER: 12487049 (England and Wales)





AUDITORS: Maxwells
Chartered Accountants
and Statutory Auditor
4 King Square
Bridgwater
Somerset
TA6 3YF

Swindon Truckstop Limited (Registered number: 12487049)

Statement of Financial Position
31 December 2022

31.12.22 15.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - 10,945

CURRENT ASSETS
Stocks - 12,456
Debtors 6 60,010 76,378
Cash at bank and in hand 115,194 89,146
175,204 177,980
CREDITORS
Amounts falling due within one year 7 34,883 64,056
NET CURRENT ASSETS 140,321 113,924
TOTAL ASSETS LESS CURRENT
LIABILITIES

140,321

124,869

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 140,221 124,769
SHAREHOLDERS' FUNDS 140,321 124,869

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 29 November 2023 and were signed on its behalf by:





H Suglani - Director


Swindon Truckstop Limited (Registered number: 12487049)

Notes to the Financial Statements
for the Period 16 September 2022 to 31 December 2022

1. STATUTORY INFORMATION

Swindon Truckstop Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The principal activity of the company in the period under review was that of operating a truckstop.

The functional and presentation currency of the company is sterling (£).

In a deal completed 16 September 2022, the entire share capital of the company was purchased by Onroute Truckstops Limited, a wholly owned subsidiary company of Mabanaft Limited.

Follwing the acquisition, the trade and assets of the company were hived up into Onroute Truckstops Limited on 30 November 2022 and consequently the company ceased to trade.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
Accounting standards require the directors to consider the appropriateness of the going concern basis when preparing the financial statements. The directors confirm that the going concern basis is no longer appropriate.

The directors regard the going concern basis as no longer appropriate because the company effectively ceased trading on 30 November 2022 and as the directors do not intend to acquire a replacement trade, the financial statements have been prepared on a break up basis rather than on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.


Swindon Truckstop Limited (Registered number: 12487049)

Notes to the Financial Statements - continued
for the Period 16 September 2022 to 31 December 2022

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with it's immediate holding company and other wholly owned subsidiaries within the group.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 13 (2022 - 16 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 16 September 2022 10,945
Additions 26,084
Reclassification/transfer (37,029 )
At 31 December 2022 -
NET BOOK VALUE
At 31 December 2022 -
At 15 September 2022 10,945

Reclassification/transfer relates to the restructuring of Swindon truckstop and the transfer of assets which were hived up into Onroute Truckstops Limited on 30 November 2022.

Swindon Truckstop Limited (Registered number: 12487049)

Notes to the Financial Statements - continued
for the Period 16 September 2022 to 31 December 2022

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 15.9.22
£    £   
Trade debtors - 60,003
Amounts owed by group undertakings 60,010 -
Other debtors - 16,375
60,010 76,378

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 15.9.22
£    £   
Trade creditors - 22,943
Taxation and social security 30,883 23,592
Other creditors 4,000 17,521
34,883 64,056

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.


This report refers to the financial statements for the period ended 31 December 2022 and it should be emphasised that in the prior accounting period the directors of the company took advantage of audit exemption under Section 477 of the Companies Act 2006 and therefore the comparative financial statements are unaudited.

Philip Littler (Senior Statutory Auditor)
for and on behalf of Maxwells

9. ULTIMATE CONTROLLING PARTY

The company's immediate parent company and controlling related party is Onroute Truckstops Limited. The company's ultimate parent company and ultimate controlling related party is Marquard & Bahls AG, a company registered in Hamburg, Germany, which is also considered to be the ultimate controlling party.

Marquard & Bahls AG is the parent undertaking of the largest and smallest group for which Swindon Truckstop Limited is a member and for which group consolidated financial statements are drawn.

Copies of the consolidated financial statements in respect of Marquard & Bahls AG can be obtained from the company's office at Koreastraße 7 - D-20457 Hamburg, Germany.