Silverfin false false 30/11/2023 01/12/2022 30/11/2023 F Whitcomb 29/11/2021 S Quinn 29/11/2021 05 February 2024 The principal activity of the Company during the financial year was that of property development. 13771001 2023-11-30 13771001 bus:Director1 2023-11-30 13771001 bus:Director2 2023-11-30 13771001 2022-11-30 13771001 core:CurrentFinancialInstruments 2023-11-30 13771001 core:CurrentFinancialInstruments 2022-11-30 13771001 core:ShareCapital 2023-11-30 13771001 core:ShareCapital 2022-11-30 13771001 core:RetainedEarningsAccumulatedLosses 2023-11-30 13771001 core:RetainedEarningsAccumulatedLosses 2022-11-30 13771001 bus:OrdinaryShareClass1 2023-11-30 13771001 2022-12-01 2023-11-30 13771001 bus:FilletedAccounts 2022-12-01 2023-11-30 13771001 bus:SmallEntities 2022-12-01 2023-11-30 13771001 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 13771001 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 13771001 bus:Director1 2022-12-01 2023-11-30 13771001 bus:Director2 2022-12-01 2023-11-30 13771001 2021-11-29 2022-11-30 13771001 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 13771001 bus:OrdinaryShareClass1 2021-11-29 2022-11-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13771001 (England and Wales)

BALTIC HOUSE DEVELOPMENT CARDIFF LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2023
Pages for filing with the registrar

BALTIC HOUSE DEVELOPMENT CARDIFF LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2023

Contents

BALTIC HOUSE DEVELOPMENT CARDIFF LIMITED

BALANCE SHEET

As at 30 November 2023
BALTIC HOUSE DEVELOPMENT CARDIFF LIMITED

BALANCE SHEET (continued)

As at 30 November 2023
30.11.2023 30.11.2022
£ £
Current assets
Stocks 1,969,792 2,299,184
Debtors 3 22,014 18,876
Cash at bank and in hand 2,730 0
1,994,536 2,318,060
Creditors: amounts falling due within one year 4 ( 2,114,681) ( 2,364,240)
Net current liabilities (120,145) (46,180)
Total assets less current liabilities (120,145) (46,180)
Net liabilities ( 120,145) ( 46,180)
Capital and reserves
Called-up share capital 5 3 3
Profit and loss account ( 120,148 ) ( 46,183 )
Total shareholders' deficit ( 120,145) ( 46,180)

For the financial year ending 30 November 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Baltic House Development Cardiff Limited (registered number: 13771001) were approved and authorised for issue by the Board of Directors on 05 February 2024. They were signed on its behalf by:

F Whitcomb
Director
BALTIC HOUSE DEVELOPMENT CARDIFF LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
BALTIC HOUSE DEVELOPMENT CARDIFF LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Baltic House Development Cardiff Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Management Suite, Parc Tawe Retail Park, Swansea, SA1 2AL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they adopt the going concern basis in preparing the financial statements. The company is dependent on the support of its parent entity.

Stocks

Stock is stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

Year ended
30.11.2023
Period from
29.11.2021 to
30.11.2022
Number Number
Monthly average number of persons employed by the Company during the year. 0 0

3. Debtors

30.11.2023 30.11.2022
£ £
Prepayments 19,581 18,876
VAT recoverable 2,433 0
22,014 18,876

4. Creditors: amounts falling due within one year

30.11.2023 30.11.2022
£ £
Trade creditors 28,897 0
Amounts owed to Group undertakings 1,905,186 2,187,642
Amounts owed to directors 173,598 173,598
Accruals 7,000 3,000
2,114,681 2,364,240

5. Called-up share capital

30.11.2023 30.11.2022
£ £
Allotted, called-up and fully-paid
3 Ordinary shares of £ 1.00 each 3 3

6. Related party transactions

At the year end the company owed £1,905,186 to its parent entity. The loan is interest free and repayable on demand.