for the Period Ended 31 December 2021
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 December 2021
Principal activities of the company
Additional information
Going concernThe Directors have a reasonable expectation that the Company will continue to comply with its bank loan covenants and has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the going concern basis was adopted as the basis in preparing the financial statements.IndemnityA qualifying third party indemnity provision was put in place for the benefit of the Company's Directors.Directors' responsibilities statementThe Directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulation.Company law requires the Directors to prepare financial statements for each financial year. Under company law the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing the financial statements, the Directors are required to:- select suitable accounting policies and then apply them consistently;- make judgements and accounting estimates that are reasonable and prudent; and- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company’s transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006.The Directors are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Directors
The directors shown below have held office during the whole of the period from
1 January 2021 to 31 December 2021
Secretary
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2021 | 11 months to 31 December 2020 | |
---|---|---|
| £ | £ |
Turnover: | | |
Cost of sales: | ( | ( |
Gross profit(or loss): | | |
Administrative expenses: | ( | ( |
Other operating income: | | |
Operating profit(or loss): | | |
Interest receivable and similar income: | | |
Interest payable and similar charges: | ( | ( |
Profit(or loss) before tax: | | |
Tax: | ( | ( |
Profit(or loss) for the financial year: | | |
As at
Notes | 2021 | 11 months to 31 December 2020 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Tangible assets: | 3 | | |
Investments: | 4 | | |
Total fixed assets: | | | |
Current assets | |||
Debtors: | 5 | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 6 | ( | ( |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Creditors: amounts falling due after more than one year: | 7 | ( | ( |
Total net assets (liabilities): | | | |
Capital and reserves | |||
Called up share capital: | | | |
Profit and loss account: | | ( | |
Total Shareholders' funds: | | |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2021
Basis of measurement and preparation
Turnover policy
Valuation information and policy
Other accounting policies
for the Period Ended 31 December 2021
2021 | 11 months to 31 December 2020 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 31 December 2021
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 1 January 2021 | | | ||||
Additions | | | ||||
Disposals | ||||||
Revaluations | | | ||||
Transfers | ||||||
At 31 December 2021 | | | ||||
Depreciation | ||||||
At 1 January 2021 | ||||||
Charge for year | ||||||
On disposals | ||||||
Other adjustments | ||||||
At 31 December 2021 | ||||||
Net book value | ||||||
At 31 December 2021 | | | ||||
At 31 December 2020 | | |
for the Period Ended 31 December 2021
Interest rate capOn December 7, 2021, the Partnership adjusted its interest cap to hedge against the risk of future increases in the Sterling Overnight Index Average (SONIA rate) associated with the Partnership's floating rate debt. The previous interest cap was against the London InterBank Offered Rate (LIBOR). The Partnership has an interest cap with a notional amount of £19.8 million, a strike of 1.0% and a maturity date of December 31, 2024. The interest cap, when combined the the Partnership's floating rate debt, limits the maximum all-in interest rate of the debt to 3.25% for the remaining term to maturity of the debt.
for the Period Ended 31 December 2021
2021 | 11 months to 31 December 2020 | |
---|---|---|
£ | £ | |
Other debtors | | |
Total | | |
for the Period Ended 31 December 2021
2021 | 11 months to 31 December 2020 | |
---|---|---|
£ | £ | |
Trade creditors | | |
Taxation and social security | | |
Accruals and deferred income | | |
Other creditors | | |
Total | | |
for the Period Ended 31 December 2021
2021 | 11 months to 31 December 2020 | |
---|---|---|
£ | £ | |
Bank loans and overdrafts | | |
Other creditors | | |
Total | | |