Company No:
Contents
30.11.2023 | 30.11.2022 | |||
£ | £ | |||
Current assets | ||||
Stocks |
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Debtors | 3 |
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Cash at bank and in hand |
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1,994,536 | 2,318,060 | |||
Creditors: amounts falling due within one year | 4 | (
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Net current liabilities | (120,145) | (46,180) | ||
Total assets less current liabilities | (120,145) | (46,180) | ||
Net liabilities | (
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Capital and reserves | ||||
Called-up share capital | 5 |
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Profit and loss account | (
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Total shareholders' deficit | (
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Directors' responsibilities:
The financial statements of Baltic House Development Cardiff Limited (registered number:
F Whitcomb
Director |
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.
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 £.
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.
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.
Year ended 30.11.2023 |
Period from 29.11.2021 to 30.11.2022 |
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Number | Number | ||
Monthly average number of persons employed by the Company during the year. |
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30.11.2023 | 30.11.2022 | ||
£ | £ | ||
Prepayments |
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VAT recoverable |
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30.11.2023 | 30.11.2022 | ||
£ | £ | ||
Trade creditors |
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Amounts owed to Group undertakings |
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Amounts owed to directors |
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Accruals |
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30.11.2023 | 30.11.2022 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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At the year end the company owed £1,905,186 to its parent entity. The loan is interest free and repayable on demand.