REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 1 MAY 2022 TO 29 APRIL 2023 |
FOR |
BLUE PORTSLADE LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 1 MAY 2022 TO 29 APRIL 2023 |
FOR |
BLUE PORTSLADE LIMITED |
BLUE PORTSLADE LIMITED (BY SHARES) (REGISTERED NUMBER: 11946600) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 MAY 2022 TO 29 APRIL 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
BLUE PORTSLADE LIMITED (BY SHARES) |
COMPANY INFORMATION |
FOR THE PERIOD 1 MAY 2022 TO 29 APRIL 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: | Galloways Accounting (Hove) Limited |
The Old Casino |
28 Fourth Avenue |
Hove |
East Sussex |
BN3 2PJ |
BLUE PORTSLADE LIMITED (BY SHARES) (REGISTERED NUMBER: 11946600) |
BALANCE SHEET |
29 APRIL 2023 |
2023 | 2022 |
£ | £ | £ | £ |
FIXED ASSETS |
CURRENT ASSETS |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES | ( |
) | ( |
) |
NOTES TO THE FINANCIAL STATEMENTS |
1. | AVERAGE NUMBER OF EMPLOYEES |
The average number of employees during the period was |
2. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the period ended 29 April 2023 and the year ended 30 April 2022: |
2023 | 2022 |
£ | £ |
Balance outstanding at start of period |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period |
This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand. |
During the year, A Hadden maintained his loan to the company. As at 29 April 2023, the company owed him £22,553 (2022 £22,553). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand. |
3. | ACCOUNTING BASIS |
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. |
As at the year end the current liabilities exceeded current assets by £14,867. |
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) |
BALANCE SHEET - continued |
29 APRIL 2023 |
NOTES TO THE FINANCIAL STATEMENTS |
4. | RELATED PARTY TRANSACTIONS |
During the year, Portslade Pubs Limited recharged wages expenses to Blue Portslade which amounted to £7,092. As at the balance sheet date, Blue Portslade Limited owed Portslade Pubs Limited £4,128 (2022: £13,472). All transactions were undertaken on a commercial arms length basis and any outstanding amounts are interest free and repayable on demand. |
As at the balance sheet date, Blue Portslade Limited owed Albion Fishersgate Limited nothing as the balance was written off in the year due to the company being dissolved (2022: £503). All transactions were undertaken on a commercial arms length basis and any outstanding amounts are interest free and repayable on demand. |
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. |
The financial statements were approved by the Board of Directors and authorised for issue on |