0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 400,000 399,850 399,850 150 400,000 xbrli:pure xbrli:shares iso4217:GBP 07899016 2023-01-01 2024-06-30 07899016 2024-06-30 07899016 2022-12-31 07899016 2022-01-01 2022-12-31 07899016 2022-12-31 07899016 2021-12-31 07899016 bus:Director1 2023-01-01 2024-06-30 07899016 core:WithinOneYear 2022-12-31 07899016 core:AfterOneYear 2024-06-30 07899016 core:AfterOneYear 2022-12-31 07899016 core:ShareCapital 2024-06-30 07899016 core:ShareCapital 2022-12-31 07899016 core:SharePremium 2024-06-30 07899016 core:SharePremium 2022-12-31 07899016 core:RetainedEarningsAccumulatedLosses 2024-06-30 07899016 core:RetainedEarningsAccumulatedLosses 2022-12-31 07899016 core:CostValuation core:Non-currentFinancialInstruments 2024-06-30 07899016 core:ImpairmentLossProvisionsForImpairmentInvestments core:Non-currentFinancialInstruments 2024-06-30 07899016 core:Non-currentFinancialInstruments core:ProvisionsForImpairmentInvestments 2024-06-30 07899016 core:Non-currentFinancialInstruments 2024-06-30 07899016 core:Non-currentFinancialInstruments 2022-12-31 07899016 bus:SmallEntities 2023-01-01 2024-06-30 07899016 bus:AuditExemptWithAccountantsReport 2023-01-01 2024-06-30 07899016 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2024-06-30 07899016 bus:PrivateLimitedCompanyLtd 2023-01-01 2024-06-30 07899016 bus:FullAccounts 2023-01-01 2024-06-30
COMPANY REGISTRATION NUMBER: 07899016
BISHOP CALWAY HOLDINGS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 June 2024
BISHOP CALWAY HOLDINGS LIMITED
STATEMENT OF FINANCIAL POSITION
30 June 2024
30 Jun 24
31 Dec 22
Note
£
£
£
Fixed assets
Investments
4
150
400,000
Current assets
Cash at bank and in hand
964,176
Creditors: amounts falling due within one year
5
( 13,258)
----------
---------
Net current assets/(liabilities)
964,176
( 13,258)
----------
----------
Total assets less current liabilities
964,326
386,742
Creditors: amounts falling due after more than one year
6
( 29,316)
( 45,210)
----------
----------
Net assets
935,010
341,532
----------
----------
Capital and reserves
Called up share capital
100
100
Share premium account
199,999
199,999
Profit and loss account
734,911
141,433
----------
----------
Shareholder funds
935,010
341,532
----------
----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
BISHOP CALWAY HOLDINGS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 12 August 2024 , and are signed on behalf of the board by:
Mr G G Bishop
Director
Company registration number: 07899016
BISHOP CALWAY HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 1 JANUARY 2023 TO 30 JUNE 2024
1. General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 168 Church Road, Hove, East Sussex, BN3 2DL. The principal place of business is First Floor, 81 Church Road, Hove, East Sussex, BN3 2BB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Investments
Investments in subsidiary undertakings are recorded at cost plus incidental expenses less any provision for impairment. Impairment reviews are performed by the directors when there has been an indication of potential impairment.
Going concern
No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the director.
The director considers that the uncertainty caused in the company's industry as a result of Coronavirus and the recovery from the restrictions put in place by the government should not materially affect the company's ability to continue as a going concern.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Investments
Shares in group undertakings
£
Cost
At 1 January 2023 and 30 June 2024
400,000
----------
Impairment
At 1 January 2023
Impairment losses
399,850
----------
At 30 June 2024
399,850
----------
Carrying amount
At 30 June 2024
150
----------
At 31 December 2022
400,000
----------
On 5 January 2012 the company purchased 100% of the issued ordinary share capital of Bishop Calway Insurance Services Limited, a company incorporated in England and Wales.
The activity of the subsidiary undertaking is as an insurance broker:
Aggregate capital and reserves
2024
2022
£
£
Bishop Calway Insurance Services Limited
712,504
Profit and (loss) for the year
2024
2022
£
£
Bishop Calway Insurance Services Limited
341,729
615,133
5. Creditors: amounts falling due within one year
30 Jun 24
31 Dec 22
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
13,258
----
---------
6. Creditors: amounts falling due after more than one year
30 Jun 24
31 Dec 22
£
£
Other creditors
29,316
45,210
---------
---------
7. Related party transactions
The company was under the control of the director Mr G Bishop.