Page Motors (Epsom) Limited - Accounts to registrar (filleted) - small 18.2
Page Motors (Epsom) Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| PAGE MOTORS (EPSOM) LIMITED |
| Financial Statements for the Year Ended 31 December 2021 |
| PAGE MOTORS (EPSOM) LIMITED (REGISTERED NUMBER: 00278352) |
| Contents of the Financial Statements |
| for the year ended 31 December 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| PAGE MOTORS (EPSOM) LIMITED |
| Company Information |
| for the year ended 31 December 2021 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Accountants and Statutory Auditors |
| Beckett House |
| 36 Old Jewry |
| London |
| EC2R 8DD |
| PAGE MOTORS (EPSOM) LIMITED (REGISTERED NUMBER: 00278352) |
| Balance Sheet |
| 31 December 2021 |
| 2021 | 2020 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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 |
| PAGE MOTORS (EPSOM) LIMITED (REGISTERED NUMBER: 00278352) |
| Notes to the Financial Statements |
| for the year ended 31 December 2021 |
| 1. | STATUTORY INFORMATION |
| Page Motors (Epsom) Limited is a |
| 2. | ACCOUNTING POLICIES |
| BASIS OF PREPARING THE FINANCIAL STATEMENTS |
| TANGIBLE FIXED ASSETS |
| Land and buildings | - |
| Plant and machinery etc | - |
| 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. |
| FINANCIAL INSTRUMENTS |
| Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| PAGE MOTORS (EPSOM) LIMITED (REGISTERED NUMBER: 00278352) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2021 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2021 |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 31 December 2021 |
| DEPRECIATION |
| At 1 January 2021 |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 31 December 2021 |
| NET BOOK VALUE |
| At 31 December 2021 |
| At 31 December 2020 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Amounts owed by group undertakings |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Amounts owed to group undertakings |
| Other creditors |
| 7. | SECURED DEBTS |
| A fixed charge exists over the company's investment properties in respect of the bank loans and borrowings of the company's parent undertaking, Page Holdings Limited. |
| 8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 9. | CONTINGENT LIABILITIES |
| The company is jointly and severally liable in respect of VAT liabilities arising in other group undertakings. The additional balance at 31st December 2021 was a liability of £210,013 (2020 : £615,775). |
| PAGE MOTORS (EPSOM) LIMITED (REGISTERED NUMBER: 00278352) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2021 |
| 10. | RELATED PARTY DISCLOSURES |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| Included within debtors is a loan due from Page Holdings Limited of £220,459 (2020 - £266,603). |
| 11. | FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES |
| In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements. We also use our auditors to raise our invoices and maintain our accounting records including preparation of our quarterly VAT returns. |
| 12. | ULTIMATE CONTROLLING PARTY |
| The company is under the control of the parent undertaking, Page Holdings Limited, and under the ultimate control of Mr M L Page. |