Company registration number 00346864 (England and Wales)
BILLINGTON FROZEN FOODS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 1 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
BILLINGTON FROZEN FOODS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
BILLINGTON FROZEN FOODS LIMITED
BALANCE SHEET
AS AT
1 SEPTEMBER 2024
01 September 2024
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
400,002
400,002
Current assets
-
-
Creditors: amounts falling due within one year
5
(150,002)
(150,002)
Net current liabilities
(150,002)
(150,002)
Net assets
250,000
250,000
Capital and reserves
Called up share capital
250,000
250,000
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 1 September 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The director acknowledges her 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 period 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.
The financial statements were approved by the board of directors and authorised for issue on 19 May 2025 and are signed on its behalf by:
E J Munsey
Director
Company Registration No. 00346864
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BILLINGTON FROZEN FOODS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 1 SEPTEMBER 2024
1
Accounting policies
Company information
Billington Frozen Foods Limited is a private company limited by shares incorporated in England and Wales. The registered office is Cunard Building, Water Street, Liverpool, Merseyside, L3 1EL.
1.1
Accounting convention
These financial statements have been prepared in accordance with 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 disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
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.
The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.
Billington Frozen Foods Limited is a wholly owned subsidiary of Edward Billington and Son Limited and the results of Billington Frozen Foods Limited are included in the consolidated financial statements of Edward Billington and Son Limited which are available from 2nd Floor, Cunard Building, Liverpool, Merseyside, L3 1EL.
1.2
Profit and loss account
The company has not traded during the period or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.
1.3
Fixed asset investments
Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
1.4
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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BILLINGTON FROZEN FOODS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 1 SEPTEMBER 2024
1
Accounting policies
(Continued)
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
1.5
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.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2024
2023
Number
Number
Total
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings
400,002
400,002
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 4 September 2023 & 1 September 2024
400,002
Carrying amount
At 1 September 2024
400,002
At 3 September 2023
400,002
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BILLINGTON FROZEN FOODS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 1 SEPTEMBER 2024
4
Subsidiaries
Details of the company's subsidiaries as at 1 September 2024 are as follows:
Name of undertaking and country of
Nature of business
Class of
% Held
incorporation or residency
shareholding
Direct
Indirect
Dunkleys Pies Limited
England and Wales
Dormant
Ordinary
100.00
Wholesome Sweeteners Ltd
England and Wales
Dormant
Ordinary
100.00
The aggregate capital and reserves and the result for the year of the subsidiaries noted above was as follows:
Name of undertaking
Profit/(Loss)
Capital and Reserves
£
£
Dunkleys Pies Limited
500,000
Wholesome Sweeteners Ltd
2
5
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
150,002
150,002
6
Ultimate parent undertaking
The ultimate parent undertaking is Edward Billington and Son Limited, which is incorporated in England and Wales.
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