Company No:
Contents
DIRECTORS | Mrs F C Cunliffe-Lister |
Mr M W P Cunliffe-Lister |
REGISTERED OFFICE | High Knowle Farm Knowle Lane |
Ilton | |
Ripon | |
North Yorkshire | |
HG4 4JZ | |
United Kingdom |
COMPANY NUMBER | 07203550 (England and Wales) |
CHARTERED ACCOUNTANTS | Murray Harcourt Partners LLP |
6 Queen Street | |
Leeds | |
LS1 2TW |
Note | 2022 | 2021 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
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571,836 | 535,103 | |||
Current assets | ||||
Stocks | 4 |
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Debtors | 5 |
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Cash at bank and in hand | 6 |
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122,885 | 245,486 | |||
Creditors | ||||
Amounts falling due within one year | 7 | (
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Net current assets/(liabilities) | 29,515 | (79,901) | ||
Total assets less current liabilities | 601,351 | 455,202 | ||
Creditors | ||||
Amounts falling due after more than one year | 8 | (
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Net liabilities | (
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Capital and reserves | ||||
Called-up share capital | 9 |
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Profit and loss account | (
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Total shareholders' deficit | (
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Directors' responsibilities:
The financial statements of Bivouac Swinton Limited (registered number:
Mr M W P Cunliffe-Lister
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Bivouac Swinton Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is High Knowle Farm Knowle Lane, Ilton, Ripon, North Yorkshire, HG4 4JZ, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.
The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Land and buildings |
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Leasehold improvements | depreciated over the life of the lease |
Plant and machinery |
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Vehicles |
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Fixtures and fittings |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks 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.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
2022 | 2021 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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Land and buildings | Leasehold improve- ments |
Plant and machinery | Vehicles | Fixtures and fittings | Total | ||||||
£ | £ | £ | £ | £ | £ | ||||||
Cost | |||||||||||
At 01 February 2021 |
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Additions |
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At 31 January 2022 |
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Accumulated depreciation | |||||||||||
At 01 February 2021 |
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Charge for the financial year |
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At 31 January 2022 |
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Net book value | |||||||||||
At 31 January 2022 |
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At 31 January 2021 |
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2022 | 2021 | ||
£ | £ | ||
Stocks |
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2022 | 2021 | ||
£ | £ | ||
Trade debtors |
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Amounts owed by related parties |
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Prepayments |
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VAT recoverable |
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Other debtors |
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2022 | 2021 | ||
£ | £ | ||
Cash at bank and in hand |
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2022 | 2021 | ||
£ | £ | ||
Trade creditors |
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Other creditors |
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Accruals |
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Other taxation and social security |
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2022 | 2021 | ||
£ | £ | ||
Other creditors |
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2022 | 2021 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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100 | 100 |
Transactions with owners holding a participating interest in the entity
2022 | 2021 | ||
£ | £ | ||
Swinton Park Limited | 30,490 | 30,640 |
As at 31 January 2022 an amount of £30,490 (2021 - £30,640) was owing from Swinton Park Limited, a company of which M W P Cunliffe-Lister and F C Cunliffe-Lister are directors and shareholders. This loan is interest free and repayable on demand.
Transactions with the entity's directors
2022 | 2021 | ||
£ | £ | ||
Mr & Mrs MWP Cunliffe-Lister | 1,003,542 | 1,003,542 |
Included in creditors are interest free loans owing to the directors of £1,003,542 (2021 - £1,003,542).