REGISTERED NUMBER: |
Financial Statements for the Year Ended 30 September 2023 |
for |
Surgeforward Limited |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 30 September 2023 |
for |
Surgeforward Limited |
Surgeforward Limited (Registered number: 03385613) |
Contents of the Financial Statements |
for the Year Ended 30 September 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Surgeforward Limited |
Company Information |
for the Year Ended 30 September 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants & Statutory Auditor |
Marland House |
13 Huddersfield Road |
Barnsley |
South Yorkshire |
S70 2LW |
Surgeforward Limited (Registered number: 03385613) |
Balance Sheet |
30 September 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Revaluation reserve | 9 |
Retained earnings | 9 |
SHAREHOLDERS' FUNDS |
In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Surgeforward Limited (Registered number: 03385613) |
Notes to the Financial Statements |
for the Year Ended 30 September 2023 |
1. | STATUTORY INFORMATION |
Surgeforward Limited is a |
Both the presentation currency of the financial statements and the functional currency is the £ sterling. |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
These financial statements have been prepared in accordance with the provisions of Section 1A " Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of freehold property. |
The Financial Statements also comply with the financial reporting standards of the Accounting Standards Board. |
Going concern |
The Company's financial projections indicate that it has access to sufficient facilities and funds to |
operate for at least the next 12 months on the basis that its bankers and the director shareholders continue to be supportive and will continue to provide financial support when required. Accordingly, the directors have a reasonable expectation that the company has adequate financial resources to continue in operational existence for the foreseeable future and so the financial statements are prepared on a going concern basis. |
Significant judgements and estimates |
The significant judgements and estimates applied in the preparation of these financial statements are the going concern basis and the valuation and useful lives of tangible fixed assets. These, and other policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
All fixed assets are initially recorded at cost. |
No depreciation is provided in respect of freehold land and buildings as they are kept in a continual good state of repair. The directors of the company consider that this accounting policy is necessary for the accounts to show a true and fair view. An annual impairment review of non-depreciated assets assets is carried out in accordance with FRS102. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
Surgeforward Limited (Registered number: 03385613) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2023 |
5. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | Plant and | and |
property | machinery | fittings | Totals |
£ | £ | £ | £ |
COST |
At 1 October 2022 |
and 30 September 2023 |
DEPRECIATION |
At 1 October 2022 |
Charge for year |
At 30 September 2023 |
NET BOOK VALUE |
At 30 September 2023 |
At 30 September 2022 |
The company's trading property, which operates as a hotel, was subject to an external professional valuation as at 30 September 2022 carried out by Savills (UK) Limited, a firm of Chartered Surveyors. The valuation was on an open market basis as an operational entity having regard to trading potential and including fixtures and fittings. The valuation was incorporated into the 2022 accounts by revaluing tangible fixed assets and taking into account the hotel's fixtures & fittings included in other group companies. |
In respect of certain fixed assets stated at valuations, the comparable historical cost is as follows: |
2023 | 2022 |
£ | £ |
Historical cost | 2,783,922 | 2,783,922 |
No depreciation has been charged in either 2023 or 2022. |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Amounts owed to group undertakings |
Surgeforward Limited (Registered number: 03385613) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2023 |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | £1 | 1,000 | 1,000 |
9. | RESERVES |
Reserves consist of the following: |
Retained earnings represents the company's cumulative distributable reserves. |
Revaluation reserve represents the company's cumulative reserves relating to the revaluation of freehold property, less deferred tax. |
10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Auditors' Report was unqualified. |
for and on behalf of |
11. | CONTINGENT LIABILITIES |
The company has entered into multi-lateral cross guarantee arrangements in respect of the bank borrowings of its parent company, Ashdale UK Limited and fellow subsidiaries of Ashdale UK Limited. The cross guarantees are supported by fixed and floating charges over the group's freehold property and other assets. At 30 September 2023 the company's liability under these arrangements was £5,417,162 (2022: £5,483,906). |
12. | RELATED PARTY DISCLOSURES |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
13. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |
The company is a wholly owned subsidiary of Northern Touch Limited. The ultimate holding company is Ashdale UK Limited, a company incorporated in England and Wales, and for which consolidated group accounts are prepared and delivered. |