Silverfin false false 29/02/2024 01/03/2023 29/02/2024 J Craig 22/02/2022 G Heffer 22/02/2022 01 August 2024 The principal activity of the company during the period was that of property development. 13932237 2024-02-29 13932237 bus:Director1 2024-02-29 13932237 bus:Director2 2024-02-29 13932237 2023-02-28 13932237 core:CurrentFinancialInstruments 2024-02-29 13932237 core:CurrentFinancialInstruments 2023-02-28 13932237 core:Non-currentFinancialInstruments 2024-02-29 13932237 core:Non-currentFinancialInstruments 2023-02-28 13932237 core:ShareCapital 2024-02-29 13932237 core:ShareCapital 2023-02-28 13932237 core:RetainedEarningsAccumulatedLosses 2024-02-29 13932237 core:RetainedEarningsAccumulatedLosses 2023-02-28 13932237 core:CostValuation 2023-02-28 13932237 core:AdditionsToInvestments 2024-02-29 13932237 core:CostValuation 2024-02-29 13932237 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2024-02-29 13932237 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2023-02-28 13932237 2023-03-01 2024-02-29 13932237 bus:FilletedAccounts 2023-03-01 2024-02-29 13932237 bus:SmallEntities 2023-03-01 2024-02-29 13932237 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 13932237 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13932237 bus:Director1 2023-03-01 2024-02-29 13932237 bus:Director2 2023-03-01 2024-02-29 13932237 2022-02-22 2023-02-28 13932237 core:Non-currentFinancialInstruments 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Company No: 13932237 (England and Wales)

BREWERS QUAY (WEYMOUTH) LIMITED

Unaudited Financial Statements
For the financial year ended 29 February 2024
Pages for filing with the registrar

BREWERS QUAY (WEYMOUTH) LIMITED

Unaudited Financial Statements

For the financial year ended 29 February 2024

Contents

BREWERS QUAY (WEYMOUTH) LIMITED

BALANCE SHEET

As at 29 February 2024
BREWERS QUAY (WEYMOUTH) LIMITED

BALANCE SHEET (continued)

As at 29 February 2024
Note 29.02.2024 28.02.2023
£ £
Fixed assets
Investments 3 100 0
100 0
Current assets
Stocks 4 4,070,153 2,879,251
Debtors 5 55,084 52,474
Cash at bank and in hand 33,813 52,268
4,159,050 2,983,993
Creditors: amounts falling due within one year 6 ( 3,387,504) ( 2,994,913)
Net current assets/(liabilities) 771,546 (10,920)
Total assets less current liabilities 771,646 (10,920)
Creditors: amounts falling due after more than one year 7 ( 792,452) 0
Net liabilities ( 20,806) ( 10,920)
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 20,906 ) ( 11,020 )
Total shareholders' deficit ( 20,806) ( 10,920)

For the financial year ending 29 February 2024 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 Brewers Quay (Weymouth) Limited (registered number: 13932237) were approved and authorised for issue by the Board of Directors on 01 August 2024. They were signed on its behalf by:

J Craig
Director
BREWERS QUAY (WEYMOUTH) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
BREWERS QUAY (WEYMOUTH) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
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

Brewers Quay (Weymouth) 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 Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, 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 the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation 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 continue to adopt the going concern basis in preparing the financial statements.

Turnover

Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are 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.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

Year ended
29.02.2024
Period from
22.02.2022 to
28.02.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Fixed asset investments

Investments in subsidiaries

29.02.2024
£
Cost
At 01 March 2023 0
Additions 100
At 29 February 2024 100
Carrying value at 29 February 2024 100
Carrying value at 28 February 2023 0

4. Stocks

29.02.2024 28.02.2023
£ £
Work in progress 4,070,153 2,879,251

5. Debtors

29.02.2024 28.02.2023
£ £
Trade debtors 2,459 0
Other debtors 52,625 52,474
55,084 52,474

6. Creditors: amounts falling due within one year

29.02.2024 28.02.2023
£ £
Trade creditors 266,572 120,136
Amounts owed to Group undertakings 3,072,826 2,872,826
Amounts owed to own subsidiaries 20,505 0
Other creditors 27,601 1,951
3,387,504 2,994,913

7. Creditors: amounts falling due after more than one year

29.02.2024 28.02.2023
£ £
Other creditors 792,452 0

Other creditors of £792,452 (2023 : £nil) are loans secured on the assets of the company