COMPANY REGISTRATION NUMBER:
01331482
Frank Booth & Sons (Brixham) Limited |
|
Filleted Unaudited Financial Statements |
|
Frank Booth & Sons (Brixham) Limited |
|
Statement of Financial Position |
|
30 April 2024
Fixed assets
Investments |
4 |
568,747 |
568,747 |
|
|
|
|
Creditors: amounts falling due within one year |
5 |
(
3,000) |
(
3,000) |
|
------- |
------- |
Net current liabilities |
(
3,000) |
(
3,000) |
|
--------- |
--------- |
Total assets less current liabilities |
565,747 |
565,747 |
|
--------- |
--------- |
|
|
|
|
Capital and reserves
Called up share capital |
6 |
1,102 |
1,102 |
Profit and loss account |
564,645 |
564,645 |
|
--------- |
--------- |
Shareholders funds |
565,747 |
565,747 |
|
--------- |
--------- |
|
|
|
|
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 comprehensive income has not been delivered.
The company did not trade during the current year or prior year and has not made either a profit or loss.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' responsibilities:
-
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
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
27 January 2025
, and are signed on behalf of the board by:
Mr P J Booth |
Mr P N Booth |
Director |
Director |
|
|
Company registration number:
01331482
Frank Booth & Sons (Brixham) Limited |
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Notes to the Financial Statements |
|
Year ended 30 April 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bonvilles Court, Saundersfoot, Pembrokeshire, SA69 9BG.
2.
Statement of compliance
These financial statements have been prepared in accordance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.
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.
Going concern
The directors have a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in shareholders funds during the current year or prior year.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
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.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
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 May 2023 and 30 April 2024 |
568,747 |
|
--------- |
Impairment |
|
At 1 May 2023 and 30 April 2024 |
– |
|
--------- |
|
|
Carrying amount |
|
At 30 April 2024 |
568,747 |
|
--------- |
At 30 April 2023 |
568,747 |
|
--------- |
|
|
The company's investment at the balance sheet date in the share capital of companies include the following:
|
|
2024 |
2023 |
|
|
£ |
£ |
|
Aggregate capital and reserves |
|
|
|
Frank Booth & Sons (Saundersfoot) Limited |
(59,566) |
20,650 |
|
G.A. Estate Agency Limited |
(1,276,062) |
(1,172,739) |
|
Profit or (loss) for the year |
|
|
|
Frank Booth & Sons (Saundersfoot) Limited |
(80,216) |
155,185 |
|
G.A. Estate Agency Limited |
(103,323) |
64,341 |
|
|
|
|
Frank Booth & Sons (Brixham) Limited
owns 100% of the share capital of Frank Booth & Sons (Saundersfoot) Limited.
Frank Booth & Sons (Brixham) Limited owns 100% of the share capital of G.A. Estate Agency Limited.
5.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Other creditors |
3,000 |
3,000 |
|
------- |
------- |
|
|
|
6.
Called up share capital
Issued, called up and fully paid
|
2024 |
2023 |
|
No. |
£ |
No. |
£ |
Ordinary shares of £ 1 each |
1,102 |
1,102 |
1,102 |
1,102 |
|
------- |
------- |
------- |
------- |
|
|
|
|
|
7.
Related party transactions
The company was under the control of
Mr P J Booth
, the managing director, during the current and previous period, by virtue of his majority shareholding. No transactions with related parties were undertaken such as are required to be disclosed under FRS102.