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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021 |
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BLUE PORTSLADE LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021 |
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BLUE PORTSLADE LIMITED |
BLUE PORTSLADE LIMITED (BY SHARES) (REGISTERED NUMBER: 11946600) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2021 |
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Company Information | 1 |
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Balance Sheet | 2 |
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BLUE PORTSLADE LIMITED (BY SHARES) |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 APRIL 2021 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: | Cardens Accountants and Business Advisors Limited |
The Old Casino |
28 Fourth Avenue |
Hove |
East Sussex |
BN3 2PJ |
BLUE PORTSLADE LIMITED (BY SHARES) (REGISTERED NUMBER: 11946600) |
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BALANCE SHEET |
30 APRIL 2021 |
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2021 | 2020 |
£ | £ | £ | £ |
FIXED ASSETS |
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CURRENT ASSETS |
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CREDITORS |
Amounts falling due within one year | ( |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CAPITAL AND RESERVES | ( |
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NOTES TO THE FINANCIAL STATEMENTS |
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1. | AVERAGE NUMBER OF EMPLOYEES |
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The average number of employees during the year was
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2. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the year ended 30 April 2021 and the period ended 30 April 2020: |
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2021 | 2020 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand. |
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During the year, A Hadden decreased his loan to the company. As at 30 April 2021, the company owed him £21,017 (2020 £26,553). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand. |
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3. | ACCOUNTING BASIS |
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These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities. |
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During the year the company made a loss of £11,700, and as at the year end the current liabilities exceeded current assets by £26,377. |
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The validity of this basis depends upon the continued support of the company's directors. The directors confirm that they will give the required support. |
BLUE PORTSLADE LIMITED (BY SHARES) (REGISTERED NUMBER: 11946600) |
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BALANCE SHEET - continued |
30 APRIL 2021 |
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NOTES TO THE FINANCIAL STATEMENTS |
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4. | POST BALANCE SHEET EVENTS |
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Prior to the balance sheet date and approval of these accounts an outbreak of the COVID-19 virus |
occurred causing a global pandemic recognised by the World Health Organisation (WHO). |
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The effect of UK Government measures to limit the spread of the virus have been widespread, urging people to remain at home wherever possible, including to work from home if available and to undertake "social distancing" measures. Part of the government action has been to order businesses where people gather socially to close temporarily. |
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As a result the business was ordered to close during local and national lockdowns. When the business was allowed to re-open, they had to reduce capacity in order to follow covid secure government guidelines, which include social distancing and subsequently reducing the capacity of venues. As of 19th July 2021, the government lifted all COVID restrictions relative to the business trade. As at the date of the approval of these accounts, the majority of wider restrictions have also been lifted as the government implements it's 'Living with COVID-19' plan. |
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The business has taken advantage of the coronavirus job retention grant scheme and local council grants offered by the governments unprecedented aid package. |
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There is no adjustment deemed necessary to the accounts as a result of this and the directors continue to monitor the situation as it rapidly changes and will react to further developments. |
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4. | RELATED PARTY TRANSACTIONS |
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During the year, Portslade Pubs Limited recharged wages expenses to Blue Portslade which amounted to £18,454. As at the balance sheet date, Blue Portslade Limited owed Portslade Pubs Limited £10,082 (2020: £12,459). All transactions were undertaken on a commercial arms length basis and any outstanding amounts are interest free and repayable on demand. |
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As at the balance sheet date, Blue Portslade Limited owed Albion Fishersgate Limited £503 (2020: £503). All transactions were undertaken on a commercial arms length basis and any outstanding amounts are interest free and repayable on demand. |
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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. |
BLUE PORTSLADE LIMITED (BY SHARES) (REGISTERED NUMBER: 11946600) |
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BALANCE SHEET - continued |
30 APRIL 2021 |
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The financial statements were approved by the Board of Directors and authorised for issue on
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