Registration number:
BLUNDELLSANDS CLASSIC MANAGEMENT LIMITED
for the Year Ended 31 March 2022
BLUNDELLSANDS CLASSIC MANAGEMENT LIMITED
Contents
Company Information |
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Independent Auditor's Report |
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Balance Sheet |
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Notes to the Financial Statements |
BLUNDELLSANDS CLASSIC MANAGEMENT LIMITED
Company Information
Directors |
Mr A Dyson Mrs P A Gerrard Mrs A Hennessy Miss F Thomson Mrs R Urion |
Company secretary |
Retirement Security Limited |
Registered office |
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Auditors |
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BLUNDELLSANDS CLASSIC MANAGEMENT LIMITED
Independent Auditor's Report to the Members of BLUNDELLSANDS CLASSIC MANAGEMENT LIMITED
Opinion
We have audited the financial statements of BLUNDELLSANDS CLASSIC MANAGEMENT LIMITED (the 'company') for the year ended 31 March 2022, which comprise the Balance Sheet, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
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give a true and fair view of the state of the company's affairs as at 31 March 2022 and of its result for the year then ended; |
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
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have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
BLUNDELLSANDS CLASSIC MANAGEMENT LIMITED
Independent Auditor's Report to the Members of BLUNDELLSANDS CLASSIC MANAGEMENT LIMITED
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
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the has been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the .
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
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adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
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the financial statements are not in agreement with the accounting records and returns; or |
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certain disclosures of directors’ remuneration specified by law are not made; or |
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we have not received all the information and explanations we require for our audit; or |
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the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the and from the requirement to prepare a Strategic Report. |
Responsibilities of directors
As explained more fully in the [set out on page ], the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
BLUNDELLSANDS CLASSIC MANAGEMENT LIMITED
Independent Auditor's Report to the Members of BLUNDELLSANDS CLASSIC MANAGEMENT LIMITED
Auditor Responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
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For and on behalf of
Stanhope House
Mark Rake
Bromborough
Merseyside
CH62 2DN
BLUNDELLSANDS CLASSIC MANAGEMENT LIMITED
(Registration number: 04418592)
Balance Sheet as at 31 March 2022
Note |
2022 |
2021 |
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Current assets |
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Stocks |
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Debtors |
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|
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Cash at bank and in hand |
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|
|
|
|
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Creditors: Amounts falling due within one year |
( |
( |
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Net assets |
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|
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Capital and reserves |
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Called up share capital |
62 |
62 |
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Shareholders' funds |
62 |
62 |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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BLUNDELLSANDS CLASSIC MANAGEMENT LIMITED
Notes to the Financial Statements for the Year Ended 31 March 2022
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
The principal place of business is:
19 Blundellsands Road West
Blundellsands
Liverpool
L23 6BA
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'"and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The presentation currency is £ Sterling.
Revenue recognition
Turnover comprises amounts received in respect of services provided. Income is recognised when the service is provided.
Government grants
Government grants in relation to expenditure are credited to the profit and loss account when the expenditure is charged to the profit and loss,
Tax
Taxation for the year comprises current tax and is recognised in the Income & Expenditure Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current taxation 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.
BLUNDELLSANDS CLASSIC MANAGEMENT LIMITED
Notes to the Financial Statements for the Year Ended 31 March 2022
Investments
Investments in shares are included at cost less impairment. Interest receivable on short term bonds is included in the income & expenditure account on an accruals basis.
Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to sell.
Leases
Rentals payable under operating leases are charged to the Income & Expenditure Account on a straight line basis over the term of the lease.
Defined contribution pension obligation
The company operates a defined benefits contribution scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension costs charge represents contributions payable for the period by the company to the fund.
Financial instruments
Classification
Recognition and measurement
Employee Benefits
Short-term employee benefits, including holiday pay, are recognised as an expense in the Income & Expenditure Account in the period in which they are incurred.
Fund for Future Maintenance
The company has an obligation to the owners to set aside such sums of money as the Company shall reasonably require to meet such future costs as it shall reasonably expect to incur in replacing, maintaining and renewing those items which it has covenanted to replace, maintain or renew as required by the lease agreement in place with the owners. The result of income over expenditure in the period is transferred to the fund for future maintenance for these future costs to be expended from.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
BLUNDELLSANDS CLASSIC MANAGEMENT LIMITED
Notes to the Financial Statements for the Year Ended 31 March 2022
Debtors |
2022 |
2021 |
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Trade debtors |
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Prepayments |
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Other debtors |
- |
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Creditors |
Creditors: amounts falling due within one year
2022 |
2021 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Fund for Future Maintenance |
222,365 |
148,471 |
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2022 |
2021 |
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Opening balance |
148,471 |
103,691 |
Expenditure |
(1,390) |
(28,824) |
Income |
7,282 |
2,616 |
Surplus |
68,002 |
70,988 |
222,365 |
148,471 |
Fund for Future Maintenance
Share capital |
Allotted, called up and fully paid shares
2022 |
2021 |
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No. |
£ |
No. |
£ |
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|
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62 |
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62 |