Blue Square Penn Road Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09317748

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021

FOR

BLUE SQUARE PENN ROAD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R J Danks

REGISTERED OFFICE:

Harpal House

14 Holyhead Road

Handsworth

Birmingham

West Midlands

B21 0LT

REGISTERED NUMBER:

09317748

CURRENT ASSETS

Debtors

4

170,731

45,883

Cash at bank

42

50,005

170,773

95,888

CREDITORS

Amounts falling due within one year

5

861,750

611,448

NET CURRENT LIABILITIES

(690,977

)

(515,560

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(690,977

)

(515,560

)

CREDITORS

Amounts falling due after more than one
year

6

50,000

NET LIABILITIES

(740,977

)

(565,560

)

CAPITAL AND RESERVES

Called up share capital

8

7,961

Retained earnings

9

(748,938

)

(573,521

)

SHAREHOLDERS' FUNDS

(740,977

)

(565,560

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 May 2022 and were signed by:

R J Danks - Director

1.	STATUTORY INFORMATION

Blue Square Penn Road Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2.	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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/21

31/5/20

£

B.S. Lake Windermere Limited

50

Intercompany

163,952

-

VAT

6,729

45,833

170,731

45,883

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/21

31/5/20

£

Trade creditors

250,601

12,311

Tax

-

21,123

Other creditors

-

5,956

Directors' current accounts

610,649

571,558

Accrued expenses

500

861,750

611,448

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31/5/21

31/5/20

£

Bank loans (see note 7)

50,000

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

50,000

7.

LOANS

An analysis of the maturity of loans is given below:

31/5/21

31/5/20

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

50,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/5/21

31/5/20

value:

£

7,961

Ordinary

£1

7,961

9.

RESERVES

Retained

earnings

£

At 1 June 2020

(573,521

)

Deficit for the year

(175,417

)

At 31 May 2021

(748,938

)

Blue Square Penn Road Limited - Accounts to registrar (filleted) - small 18.2

Blue Square Penn Road Limited - Accounts to registrar (filleted) - small 18.2