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REGISTERED NUMBER: 05398905 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

British & Continental Finance Co. Ltd

British & Continental Finance Co. Ltd (Registered number: 05398905)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

British & Continental Finance Co. Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: W D Crooks
O W Crooks
S M Crooks





SECRETARY: W D Crooks





REGISTERED OFFICE: Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD





REGISTERED NUMBER: 05398905 (England and Wales)





ACCOUNTANTS: Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

British & Continental Finance Co. Ltd (Registered number: 05398905)

Balance Sheet
31 January 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 650,000 600,000
Debtors 4 357,725 192,375
Cash at bank and in hand 12,850 39,313
1,020,575 831,688
CREDITORS
Amounts falling due within one year 5 (928,746 ) (747,309 )
NET CURRENT ASSETS 91,829 84,379
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,829

84,379

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 91,729 84,279
SHAREHOLDERS' FUNDS 91,829 84,379

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2024 and were signed on its behalf by:





W D Crooks - Director


British & Continental Finance Co. Ltd (Registered number: 05398905)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

British & Continental Finance Co. Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Stocks are values at the lower of cost and estimated selling price less costs to sell.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 35,646 159,043
Amounts owed by participating interests 322,079 33,332
357,725 192,375

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 502,364 632,524
Amounts owed to participating interests 387,310 70,000
Taxation and social security 35,472 41,785
Other creditors 3,600 3,000
928,746 747,309

British & Continental Finance Co. Ltd (Registered number: 05398905)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

7. RELATED PARTY DISCLOSURES

Cawarden Co. Limited

A company under common control


The loan is interest free and there are no fixed repayment terms in operation.

2024 2023
£    £   
Amount due from related party at the balance sheet date 262,272 30,000

Olsam Property Ltd

A company in which O W & S M Crooks are shareholders


This loan is an unsecured short term loan, repayable on 31 March 2024, the interest rate is 5% per annum.

2024 2023
£    £   
Amount due to related party at the balance sheet date 300,000 -

Cawarden Demo Co Limited

A company under common control


The loan is interest free and there are no fixed repayment terms in operation.

2024 2023
£    £   
Amount due to related party at the balance sheet date 70,000 70,000

Cossall Land Company Limited

A company under common control


2024 2023
£    £   
Amount due from related party at the balance sheet date 6,332 3,332

British & Continental Finance Co. Ltd (Registered number: 05398905)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. RELATED PARTY DISCLOSURES - continued

Fireflux Ltd

A company under common control


The loan is interest free and there are no fixed repayment terms in operation.

2024 2023
£    £   
Amount due from related party at the balance sheet date 52,075 -

Olsam Crooks LLP

An LLP owned by O W Crooks and S M Crooks


The loan is interest free and there are no fixed repayment terms in operation.

2024 2023
£    £   
Amount due to related party at the balance sheet date 17,310 -

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
British & Continental Finance Co. Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of British & Continental Finance Co. Ltd for the year ended 31 January 2024 which comprise the Profit and loss, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of British & Continental Finance Co. Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of British & Continental Finance Co. Ltd and state those matters that we have agreed to state to the Board of Directors of British & Continental Finance Co. Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than British & Continental Finance Co. Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that British & Continental Finance Co. Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of British & Continental Finance Co. Ltd. You consider that British & Continental Finance Co. Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of British & Continental Finance Co. Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


20 March 2024