REGISTERED NUMBER: |
Unaudited Financial Statements |
FOR THE PERIOD |
24 September 2021 to 30 September 2022 |
for |
1 BATTISON CRESCENT LTD |
REGISTERED NUMBER: |
Unaudited Financial Statements |
FOR THE PERIOD |
24 September 2021 to 30 September 2022 |
for |
1 BATTISON CRESCENT LTD |
1 BATTISON CRESCENT LTD (REGISTERED NUMBER: 13641025) |
Contents of the Financial Statements |
FOR THE PERIOD 24 SEPTEMBER 2021 TO 30 SEPTEMBER 2022 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
1 BATTISON CRESCENT LTD |
Company Information |
FOR THE PERIOD 24 SEPTEMBER 2021 TO 30 SEPTEMBER 2022 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
Global House |
303 Ballards Lane |
London |
N12 8NP |
1 BATTISON CRESCENT LTD (REGISTERED NUMBER: 13641025) |
Statement of Financial Position |
30 SEPTEMBER 2022 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
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 Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
1 BATTISON CRESCENT LTD (REGISTERED NUMBER: 13641025) |
Notes to the Financial Statements |
FOR THE PERIOD 24 SEPTEMBER 2021 TO 30 SEPTEMBER 2022 |
1. | STATUTORY INFORMATION |
1 Battison Crescent Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Going concern |
The directors have assessed the company’s ability to operate as a going concern for the 12 months from the date of signing the financial statements. |
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. As part of their review, the directors have considered the likely impact of factors such as the current macroeconomic events. Accordingly, the company has continued to adopt the going concern basis of accounting in the preparation of these financial statements. |
Cash and cash equivalent |
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
At 30 September 2022 |
NET BOOK VALUE |
At 30 September 2022 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Bank loans and overdrafts (see note 6) |
Trade creditors |
Other creditors |
Accrued expenses |
1 BATTISON CRESCENT LTD (REGISTERED NUMBER: 13641025) |
Notes to the Financial Statements - continued |
FOR THE PERIOD 24 SEPTEMBER 2021 TO 30 SEPTEMBER 2022 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued |
The loan is from the shareholders and interest will be charged at the rate of 5% once the renovations have been completed.The loan is repayable on demand and it is not secured. |
6. | LOANS |
An analysis of the maturity of loans is given below: |
£ |
Amounts falling due within one year or on demand: |
Other loans | 364,150 |
7. | RELATED PARTY DISCLOSURES |
The loan provided for the acquisition of the property and future refurbishment. It is lent by a combination of the shareholders and is for a maximum of £600,000. The directors are also connected by way of being shareholders in one of the lending companies. There is no security for the loan and it is charged rate of 5%. Interest is accrued until the refurbishment is finished and income commences to be derived. |