Company registration number 11379318 (England and Wales)
215BS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2022
PAGES FOR FILING WITH REGISTRAR
215BS LIMITED
CONTENTS
Page
Balance sheet
2
Statement of changes in equity
1
Notes to the financial statements
3 - 4
215BS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 DECEMBER 2022
- 1 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 31 December 2020
100
(368)
(268)
Year ended 30 December 2021:
Loss and total comprehensive income for the year
-
(255)
(255)
Balance at 30 December 2021
100
(623)
(523)
Year ended 30 December 2022:
Loss and total comprehensive income for the year
-
(244)
(244)
Balance at 30 December 2022
100
(867)
(767)
215BS LIMITED
BALANCE SHEET
AS AT 30 DECEMBER 2022
30 December 2022
- 2 -
2022
2021
Notes
£
£
£
£
Current assets
Stock
815,317
1,130,698
Debtors
3
277,624
9,762
Cash at bank and in hand
250
24,320
1,093,191
1,164,780
Creditors: amounts falling due within one year
4
(1,093,958)
(1,165,303)
Net current liabilities
(767)
(523)
Capital and reserves
Called up share capital
5
100
100
Profit and loss reserves
(867)
(623)
Total equity
(767)
(523)

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

For the financial year ended 30 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their 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 by the board of directors and authorised for issue on 19 April 2024 and are signed on its behalf by:
Mr R V Townsend
Director
Company Registration No. 11379318
215BS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2022
- 3 -
1
Accounting policies
Company information

215BS Limited is a private company limited by shares incorporated in England and Wales. The registered office is Kingsnorth House, Blenheim Way, Birmingham, West Midlands, United Kingdom, B44 8LS.

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 disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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.

1.2
Stock

Stock of properties under development is stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stock to its present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stock over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
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:

2022
2021
Number
Number
Total
2
2
3
Debtors
2022
2021
Amounts falling due within one year:
£
£
Other debtors
277,624
9,762
215BS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 DECEMBER 2022
- 4 -
4
Creditors: amounts falling due within one year
2022
2021
£
£
Trade creditors
182,578
241,883
Amounts owed to group undertakings
911,380
923,420
1,093,958
1,165,303
5
Called up share capital
2022
2021
2022
2021
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
6
Related party transactions

The company benefitted from a loan from a fellow subsidiary that is 95% owned by the Group, and at the year end owed £3,500 to that company (2021 - £3,500). The loan is unsecured, interest-free, and carries no stipulation as to terms of repayment.

7
Parent company

The company is a subsidiary of 10M Group Limited, a company incorporated in England and Wales, whose registered office address is Kingsnorth House, Blenheim Way, Birmingham, West Midlands, B44 8LS.

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