REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 |
FOR |
EDWARD WARE LYDE GREEN LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 |
FOR |
EDWARD WARE LYDE GREEN LIMITED |
EDWARD WARE LYDE GREEN LIMITED (REGISTERED NUMBER: 09955089) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
EDWARD WARE LYDE GREEN LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Dean House |
94 Whiteladies Road |
Clifton |
Bristol |
BS8 2QX |
EDWARD WARE LYDE GREEN LIMITED (REGISTERED NUMBER: 09955089) |
BALANCE SHEET |
31 MARCH 2023 |
31.3.23 | 31.3.22 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks | 4 |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
EDWARD WARE LYDE GREEN LIMITED (REGISTERED NUMBER: 09955089) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2023 |
1. | STATUTORY INFORMATION |
Edward Ware Lyde Green Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions which may cast significant doubt about the ability of the company to continue as a going concern. |
The company has loans from companies under the control of the directors which are repayable on demand, but the directors do not currently envisage circumstances leading to the request for repayment. |
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
Deferred tax |
Deferred tax is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred is accounted for in respect of all material timing differences that have originated but not reversed at the balance sheet date other than for timing differences arising from the revaluation of tangible fixed assets. Deferred tax assets and liabilities are not discounted. |
Tax on losses available to carry forward against future profits is recognised as a deferred tax asset, where on the basis of available evidence it is more likely than not that there will be taxable profits in the future against which the deferred tax asset can be offset. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
4. | STOCKS |
31.3.23 | 31.3.22 |
£ | £ |
Work-in-progress |
5. | DEBTORS |
31.3.23 | 31.3.22 |
£ | £ |
Amounts falling due within one year: |
Other debtors |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
EDWARD WARE LYDE GREEN LIMITED (REGISTERED NUMBER: 09955089) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2023 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 31.3.22 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Other creditors |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.23 | 31.3.22 |
value: | £ | £ |
Ordinary | 1 | 100 | 100 |
8. | CONTINGENT LIABILITIES |
The company is guarantor for a loan made to its parent company, the loan balance at the year end was £871,527 Security has been provided in the form of a debenture over the company's assets. |
9. | RELATED PARTY DISCLOSURES |
At the year end the company owed £1,651,181 to the parent company which holds a controlling interest. The parent company made an impairment provision of £271,139 five years ago against the amount recoverable, thereby reducing the value of the liability in these accounts to a net figure of £1,380,042. The loan is repayable on demand and no interest was charged during the period. |