Cherwell Battersea Bridge Road Limited
Unaudited Financial Statements
For the year ended 30 April 2024
Pages for Filing with Registrar
Company Registration No. 10147231 (England and Wales)
Cherwell Battersea Bridge Road Limited
Company Information
Directors
T G Holroyd
T C Costin
P J Duddridge
Secretary
T G Holroyd
Company number
10147231
Registered office
1 Cherwell Mews
London
England
SW11 1AF
Accountants
Moore Kingston Smith LLP
Betchworth House
57-65 Station Road
Redhill
Surrey
RH1 1DL
Cherwell Battersea Bridge Road Limited
Balance Sheet
As at 30 April 2024
Page 1
2024
2023
Notes
£
£
£
£
Current assets
Stock
9,409,295
5,276,981
Debtors
3
239,243
423,119
Cash at bank and in hand
98,748
28,126
9,747,286
5,728,226
Creditors: amounts falling due within one year
4
(9,785,576)
(3,595,180)
Net current (liabilities)/assets
(38,290)
2,133,046
Creditors: amounts falling due after more than one year
5
-
0
(2,171,890)
Net liabilities
(38,290)
(38,844)
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
(38,390)
(38,944)
Total equity
(38,290)
(38,844)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

Cherwell Battersea Bridge Road Limited
Balance Sheet (Continued)
As at 30 April 2024
Page 2
The financial statements were approved by the board of directors and authorised for issue on 31 January 2025 and are signed on its behalf by:
T G Holroyd
Director
Company Registration No. 10147231
Cherwell Battersea Bridge Road Limited
Notes to the Financial Statements
For the year ended 30 April 2024
Page 3
1
Accounting policies
Company information

Cherwell Battersea Bridge Road Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1 Cherwell Mews, London, England, SW11 1AF.

1.1
Accounting convention

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the year end the company had net liabilities of £true38,290. Included in creditors is a balance of £2,116,757 due to Cherwell Investments Limited, the parent company. The directors are confident the development will generate a profit sufficient to repay its liabilities and Cherwell Investments Limited has confirmed it will not call upon its debt until the company is able to repay it.

 

On this basis, the directors consider it appropriate for the accounts to be prepared on the going concern basis.

1.3
Stock

Stock are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stock to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stock over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company only has financial instruments classified as basic and measured at amortised cost. The company has no financial instruments that are classified as ‘other’ or financial instruments measured at fair value.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Cherwell Battersea Bridge Road Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2024
Page 4
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
239,243
423,119
4
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
6,525,639
-
0
Trade creditors
155,717
208,485
Amounts owed to group undertakings
2,116,757
2,338,814
Other creditors
987,463
1,047,881
9,785,576
3,595,180
5
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
-
0
2,171,890

The bank loan is secured by a charge over the property development included in stock in these financial statements,

6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 1p each
10,000
10,000
100
100
Cherwell Battersea Bridge Road Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2024
Page 5
7
Related party transactions

At the year end, a balance of £543,914 (2023: £667,289) was due to Cherwell Group Construction Limited, a company controlled by T G Holroyd, a director of the company. During the year, the company was charged £19,945 (2023: £480,796) by Cherwell Group Construction Limited for property development work.

 

At the year end, a balance of £2,116,757 (2023: £2,338,814) was due to Cherwell Investments Limited, the parent company.

 

At the year end, a balance of £418,548 (2023: £225,811 - due from) was due to Cherwell Lillie Road Limited, a company controlled by T G Holroyd, a director of the company.

8
Parent company

The immediate parent undertaking is Cherwell Investments Limited (reg. no 03198619) and the ultimate parent undertaking is Cherwell Holroyd Limited (reg. no 13225038). Both companies are incorporated in England & Wales. The registered office of both companies is 1 Cherwell Mews, London, SW11 1AF.

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