Registration number:
Toby Blackwell Limited
for the Period from 1 July 2022 to 31 December 2023
Toby Blackwell Limited
Contents
Balance Sheet |
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Notes to the Unaudited Financial Statements |
Toby Blackwell Limited
(Registration number: 05627686)
Balance Sheet as at 31 December 2023
Note |
2023 |
2022 |
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Fixed assets |
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Tangible assets |
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Investment property |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
28,115,002 |
16,600,002 |
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Retained earnings |
(15,618,522) |
(14,356,956) |
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Shareholders' funds |
12,496,480 |
2,243,046 |
For the financial period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
Toby Blackwell Limited
(Registration number: 05627686)
Balance Sheet as at 31 December 2023
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Toby Blackwell Limited
Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 31 December 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. This is the first year that the company has prepared accounts under FRS102 1A, and the impact of the transition is detailed in note 14.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Group accounts not prepared
Disclosure of long or short period
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Toby Blackwell Limited
Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 31 December 2023
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Fixtures, fittings and equipment |
25% reducing balance |
Investment property
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Toby Blackwell Limited
Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 31 December 2023
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Toby Blackwell Limited
Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 31 December 2023
Tangible assets |
Fixtures, fittings and equipment |
Total |
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Cost or valuation |
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At 1 July 2022 |
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Disposals |
( |
( |
At 31 December 2023 |
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Depreciation |
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At 1 July 2022 |
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Eliminated on disposal |
( |
( |
At 31 December 2023 |
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Carrying amount |
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At 31 December 2023 |
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At 30 June 2022 |
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Investment properties |
2023 |
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At 1 July 2022 |
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Fair value adjustments |
( |
At 31 December 2023 |
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This class of assets has a current open market rental value of £250,000 (2022 - £403,805) and a carrying amount at historical cost of £383,875 (2022 - £383,875). The depreciation on this historical cost is £nil (2021 - £nil).
The investment property was valued during the year by an independent valuer. The basis of the valuation was open market value.
Impairment of investment property
The amount of impairment loss included in profit or loss is £153,805 (2022 - £Nil).
Toby Blackwell Limited
Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 31 December 2023
Investments in group undertakings |
2023 |
2022 |
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Investments in subsidiaries |
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Investments in associates |
- |
- |
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Subsidiaries |
£ |
Cost or valuation |
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At 1 July 2022 |
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Additions |
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At 31 December 2023 |
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Provision |
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Provision - write back |
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At 31 December 2023 |
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Carrying amount |
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At 31 December 2023 |
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At 30 June 2022 |
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Associates |
£ |
Cost |
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At 1 July 2022 |
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At 31 December 2023 |
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Provision |
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At 1 July 2022 |
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At 31 December 2023 |
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Carrying amount |
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At 31 December 2023 |
- |
At 30 June 2022 |
- |
Toby Blackwell Limited
Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 31 December 2023
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2023 |
2022 |
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Subsidiary undertakings |
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7 Gardiner Close, Abingdon |
Ordinary |
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112 Jermyn Street, London |
Ordinary |
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7 Gardiner Close, Abingdon |
Ordinary |
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Associates |
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Unit 19, Battersea Business Centre, 99-109 Lavender Hill, London |
A voting (also holds 80% B non-voting) |
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Subsidiary undertakings |
Trebetherick Stores Limited The principal activity of Trebetherick Stores Limited is |
Appletree Asset Lending Limited The principal activity of Appletree Asset Lending Limited is |
Osse Forestry Limited The principal activity of Osse Forestry Limited is |
Associates |
Sugar & Spice (Delectable Morsels) Limited The principal activity of Sugar & Spice (Delectable Morsels) Limited is |
Toby Blackwell Limited
Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 31 December 2023
Debtors |
Note |
2023 |
2022 |
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Trade debtors |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Other debtors |
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Details of non-current trade and other debtors
£Nil (2022 - £Nil) of other debtors is classified as non current.
Creditors |
Creditors: amounts falling due within one year
2023 |
2022 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
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No. |
£ |
No. |
£ |
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28,115,002 |
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16,600,002 |
Financial commitments, guarantees and contingencies |
Amounts not provided for in the balance sheet
The total amount of contingencies not included in the balance sheet is £Nil (2022 - £2,500,000).