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No description of principal activity
2020-05-01
Sage Accounts Production Advanced 2020 - FRS102_2019
310
310
310
xbrli:pure
xbrli:shares
iso4217:GBP
09705396
2020-05-01
2021-04-30
09705396
2021-04-30
09705396
2020-04-30
09705396
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2020-05-01
2021-04-30
09705396
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2021-04-30
09705396
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2021-04-30
09705396
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2021-04-30
09705396
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2021-04-30
09705396
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2021-04-30
09705396
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2020-05-01
2021-04-30
09705396
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2020-05-01
2021-04-30
09705396
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2021-04-30
09705396
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2021-04-30
09705396
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2021-04-30
09705396
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2021-04-30
09705396
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2021-04-30
09705396
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2021-04-30
09705396
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2020-04-30
09705396
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09705396
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2020-04-30
09705396
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09705396
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2021-04-30
09705396
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09705396
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2021-04-30
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2021-04-30
09705396
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2021-04-30
09705396
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2020-04-30
COMPANY REGISTRATION NUMBER:
09705396
Unaudited Financial Statements
|
|
Year ended 30th April 2021
Officers and professional advisers
|
1
|
|
|
Statement of financial position
|
4
|
|
|
Notes to the financial statements
|
5
|
|
|
The following pages do not form part of the financial statements
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements
|
9
|
|
|
Officers and Professional Advisers
|
|
The board of directors
|
Mr E Bradford
|
|
Mr G Tucker
|
|
|
Registered office
|
Highdown House
|
|
Yeoman Way
|
|
Worthing
|
|
West Sussex
|
|
BN99 3HH
|
|
|
Accountants
|
Swandec
|
|
Chartered accountants
|
|
550 Valley Road
|
|
Basford
|
|
Nottingham
|
|
NG5 1JJ
|
|
|
Year ended 30th April 2021
The company has not traded during the year and acts as a holding company for ProAmpac Lincoln Limited. The strategic report for the performance of the company as part of the group can be found in the Group Consolidated Financial Statements.
This report was approved by the board of directors on 2nd November 2021 and signed on behalf of the board by:
Year ended 30th April 2021
The directors present their report and the unaudited financial statements of the company for the year ended
30 April 2021
.
The company has been dormant as defined in section 1169 of the Companies Act 2006 throughout the year and preceding financial year. It is anticipated that the company will remain dormant for the foreseeable future.
Directors
The directors who served the company during the year were as follows:
Mr E Bradford
|
(Appointed
19 March 2021)
|
Mr G Tucker
|
(Appointed
19 March 2021)
|
Mr SM Coxon
|
(Resigned
26 February 2021)
|
Mr JA Lyon
|
(Resigned
19 March 2021)
|
Mr SJ Woods
|
(Resigned
19 March 2021)
|
|
|
Dividends
The directors do not recommend the payment of a dividend.
This report was approved by the board of directors on
2 November 2021
and signed on behalf of the board by:
Statement of Financial Position
|
|
30 April 2021
Fixed assets
Current assets
Debtors
|
5
|
2,146,698
|
|
2,146,698
|
|
------------
|
|
------------
|
Net current assets
|
|
2,146,698
|
2,146,698
|
|
|
------------
|
------------
|
Total assets less current liabilities
|
|
2,147,008
|
2,147,008
|
|
|
|
|
|
Creditors: amounts falling due after more than one year
|
6
|
|
2,146,008
|
2,146,008
|
|
|
------------
|
------------
|
Net assets
|
|
1,000
|
1,000
|
|
|
------------
|
------------
|
|
|
|
|
|
Capital and reserves
Called up share capital
|
7
|
|
1,000
|
1,000
|
|
|
-------
|
-------
|
Shareholders funds
|
|
1,000
|
1,000
|
|
|
-------
|
-------
|
|
|
|
|
|
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 30th April 2021 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
2 November 2021
, and are signed on behalf of the board by:
Company registration number:
09705396
Notes to the Financial Statements
|
|
Year ended 30th April 2021
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Highdown House, Yeoman Way, Worthing, West Sussex, BN99 3HH.
2.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
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.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of I.G. Industries Holdings Limited for the year ended 30th April 2021 which can be obtained from Companies House. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented. (c) No disclosure has been given for the aggregate remuneration of key management personnel.
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.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.
4.
Investments
|
Shares in group undertakings
|
|
£
|
Cost
|
|
At 1st May 2020 and 30th April 2021
|
310
|
|
----
|
Impairment
|
|
At 1st May 2020 and 30th April 2021
|
–
|
|
----
|
|
|
Carrying amount
|
|
At 30th April 2021
|
310
|
|
----
|
At 30th April 2020
|
310
|
|
----
|
|
|
Subsidiaries, associates and other investments
The £310 shares in group undertakings represents the shares held in ProAmpac Lincoln Limited. ProAmpac Lincoln Limited is a wholly owned subsidiary of Brayfour Limited. The £2,146,008 represents a loan to ProAmpac Lincoln Limited Limited. This loan has been recorded and measured under market conditions.
5.
Debtors
|
2021
|
2020
|
|
£
|
£
|
Amounts owed by group undertakings
|
2,146,008
|
2,146,008
|
Other debtors
|
690
|
690
|
|
------------
|
------------
|
|
2,146,698
|
2,146,698
|
|
------------
|
------------
|
|
|
|
6.
Creditors:
amounts falling due after more than one year
|
2021
|
2020
|
|
£
|
£
|
Amounts owed to group undertakings
|
2,146,008
|
2,146,008
|
|
------------
|
------------
|
|
|
|
7.
Called up share capital
Issued, called up and fully paid
|
2021
|
2020
|
|
No.
|
£
|
No.
|
£
|
Ordinary shares of £ 1 each
|
1,000
|
1,000
|
1,000
|
1,000
|
|
-------
|
-------
|
-------
|
-------
|
|
|
|
|
|
8.
Controlling party
The company is under the control of I.G Industries Holdings Limited, which owns 79% of the company's share capital.
Year ended 30th April 2021
The following pages do not form part of the financial statements.
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
BrayFour Limited
|
|
Year ended 30th April 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of BrayFour Limited for the year ended 30th April 2021, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of BrayFour Limited, as a body, in accordance with the terms of our engagement letter dated 11th September 2018. Our work has been undertaken solely to prepare for your approval the financial statements of BrayFour Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BrayFour Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that BrayFour Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of BrayFour Limited. You consider that BrayFour Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of BrayFour Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Swandec
Chartered accountants
550 Valley Road
Basford
Nottingham
NG5 1JJ
2 November 2021