REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2023 |
FOR |
BRISTOL MEMORIAL WOODLANDS FP LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2023 |
FOR |
BRISTOL MEMORIAL WOODLANDS FP LIMITED |
BRISTOL MEMORIAL WOODLANDS FP LIMITED (REGISTERED NUMBER: 06280057) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 | to | 4 |
BRISTOL MEMORIAL WOODLANDS FP LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 OCTOBER 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Ground Floor |
Custom House |
Waterfront East |
Brierley Hill |
West Midlands |
DY5 1XH |
BRISTOL MEMORIAL WOODLANDS FP LIMITED (REGISTERED NUMBER: 06280057) |
BALANCE SHEET |
31 OCTOBER 2023 |
31.10.23 | 31.10.22 |
Notes | £ | £ |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 4 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
RESERVES |
Income and expenditure account | ( |
) | ( |
) |
( |
) | ( |
) |
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 |
BRISTOL MEMORIAL WOODLANDS FP LIMITED (REGISTERED NUMBER: 06280057) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2023 |
1. | STATUTORY INFORMATION |
Bristol Memorial Woodlands FP Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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. The financial statements have been prepared under the historical cost convention. |
During the accounting period ended 31st October 2022 the company ceased to issue new funeral plans and transferred its existing plan liabilities to a third party provider. The financial statements for the year ended 31st October 2023 reflect the cessation of the company's activities that resulted from this. |
Related party transactions |
It is the company's policy to disclose balances with related parties and transactions with them that are reflected in the Income Statement. |
Funeral plans |
Liabilities for prepaid funeral plans are recognised within "Creditors" based on the full amount of sums received for future funerals. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.23 | 31.10.22 |
£ | £ |
Prepaid funeral plans |
Amounts owed to related |
parties | 200,837 | 226,694 |
Accrued expenses |
5. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
BRISTOL MEMORIAL WOODLANDS FP LIMITED (REGISTERED NUMBER: 06280057) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 OCTOBER 2023 |
6. | RELATED PARTY DISCLOSURES |
Amounts due to related parties are as follows:- | 31.10.23 | 31.10.22 |
£ | £ |
Bristol Memorial Woodlands Limited | 191,285 | 217,142 |
Memorial Woodlands Funeral Plan Limited | 9,552 | 9,552 |
200,837 | 226,694 |
Purchases of services from the above were as follows: |
MW Funeral Directors Limited | £NIL | (2022 - £8,030) |
Hutchinson Legal & Associates Limited |
£3,677 |
(2022 - £89,738) |
Bristol Memorial Woodlands Limited | £NIL | (2022 - £104,067) |
The above companies are related by common directorship. |
7. | ULTIMATE CONTROLLING PARTY |
The company is limited by guarantee. There is no controlling party. |
8. | ACTUARIAL VALUATION |
Funds that were held by the company in respect of prepaid funeral plans were subject to periodic actuarial valuation to determine the degree of solvency of the company. |
In the previous accounting period, the company transferred all prepaid funeral plans to a third party provider so no further actuarial valuations have been necessary. |
9. | EVENTS DURING THE PREVIOUS FINANCIAL PERIOD |
During the previous accounting period (being the period ended 31st October 2022) the company ceased to issue any new funeral plans and the existing plans were transferred to a third party provider. This transaction effectively: |
(i) extinguished the company's liabilities in respect of the funeral plans it had issued. |
(ii) brought to an end the company's activities. |