Bikepark Holdings Limited - Accounts to registrar (filleted) - small 18.2

Bikepark Holdings Limited - Accounts to registrar (filleted) - small 18.2

BIKEPARK HOLDINGS LIMITED - Company Information

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Bikepark Holdings Limited

Audited Financial Statements for the Year Ended 30 September 2020






Bikepark Holdings Limited

Company Information
for the Year Ended 30 September 2020







DIRECTORS: M C Astley
K Pacey
R J Sorrell
T Spencer
S P Stephenson



REGISTERED OFFICE: Gethin Woodland Centre Abercanaid
Abercanaid
Merthyr Tydfil
CF48 1YZ



REGISTERED NUMBER: 10998024 (England and Wales)



SENIOR STATUTORY
AUDITOR: 		Colin William Russell FCCA, FCA



AUDITORS: BPU Limited
Chartered Accountants
Statutory Auditor
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA
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Bikepark Holdings Limited (Registered number: 10998024)

Balance Sheet
30 September 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Investments 3 5,517,855 5,517,855

CURRENT ASSETS
Debtors 4 856,361 190,675
Cash at bank 308,447 413,345
1,164,808 604,020
CREDITORS
Amounts falling due within one year 5 967,517 414,903
NET CURRENT ASSETS 197,291 189,117
TOTAL ASSETS LESS CURRENT
LIABILITIES
5,715,146
5,706,972

CREDITORS
Amounts falling due after more than
one year
6
4,640,487
4,759,250
NET ASSETS 1,074,659 947,722

CAPITAL AND RESERVES
Called up share capital 250,000 250,000
Retained earnings 824,659 697,722
SHAREHOLDERS' FUNDS 1,074,659 947,722

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 May 2021 and were signed on its behalf by:





T Spencer - Director


The notes form part of these financial statements

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Bikepark Holdings Limited (Registered number: 10998024)

Notes to the Financial Statements
for the Year Ended 30 September 2020


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the invoiced value of services supplied by the company, in relation to their principal activity of management services, net of value added tax.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2019 - 6 ) .

3
Bikepark Holdings Limited (Registered number: 10998024)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2020


3. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2019
and 30 September 2020 5,517,855
NET BOOK VALUE
At 30 September 2020 5,517,855
At 30 September 2019 5,517,855

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Amounts owed by group undertakings 856,361 190,675

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Bank loans and overdrafts 963,157 400,000
Trade creditors - 10,543
Other creditors & accruals 4,360 4,360
967,517 414,903

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2020 2019
£    £   
Bank loans 116,121 500,000
Other creditors 4,524,366 4,259,250
4,640,487 4,759,250

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Bikepark Holdings Limited (Registered number: 10998024)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2020


7. SECURED DEBTS

The following secured debts are included within creditors:

2020 2019
£    £   
Bank loans 1,079,278 900,000
Loan notes 4,524,366 4,259,250
5,603,644 5,159,250

The loans contain fixed and equitable charges over the company's assets.

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Colin William Russell FCCA, FCA (Senior Statutory Auditor)
for and on behalf of BPU Limited

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