Canynge Bicknell (Properties) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02723677 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2020

for

CANYNGE BICKNELL (PROPERTIES) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J E Castell

M L Fitzgerald

A Whicheloe

REGISTERED OFFICE:

Bicknell House

Merstham Road

Bristol

BS2 9TQ

REGISTERED NUMBER:

02723677 (England and Wales)

ACCOUNTANTS:

Haines Watts

Chartered Accountants

6-8 Bath Street

Bristol

BS1 6HL

CURRENT ASSETS

Debtors

5

6

-

Cash at bank

35

83

41

83

CREDITORS

Amounts falling due within one year

6

(341,034

)

(341,076

)

NET CURRENT LIABILITIES

(340,993

)

(340,993

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(340,993

)

(340,993

)

CAPITAL AND RESERVES

Called up share capital

8

3

3

Retained earnings

(340,996

)

(340,996

)

SHAREHOLDERS' FUNDS

(340,993

)

(340,993

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

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 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 and Loss Account has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 6 December 2021 and were signed on its behalf by:

A Whicheloe - Director

1.	COMPANY INFORMATION

Canynge Bicknell (Properties) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The principal activity of the company during the year under review was that of property development, although there was no trading activity during the year.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements are prepared in sterling which is the functional currency of the company and rounded to the nearest £1.

Going concern

The financial statements have been prepared on the going concern basis. This assumes that the company will have sufficient financial resources to continue in operational existence for the foreseeable future. As at 31 December 2020 the company had a net deficit of assets of £340,993. Creditors includes a loan from the parent undertaking, Canynge Bicknell Limited, of £341,034 which, in the opinion of the directors, will not fall due for payment until the company is in a financial position to do so.

The directors have reviewed and considered relevant information, including the annual budget and future cash flows, in making their assessment. In particular, in response to the COVID-19 pandemic, the directors have tested their cash flow analysis to take into account the impact on their business of possible scenarios brought on by the impact of COVID-19, alongside the measures that they can take to mitigate the impact. Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2019 - 4 ) .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

6

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Amounts owed to group undertakings

341,034

341,076

7.	FINANCIAL INSTRUMENTS

The carrying amount for each category of financial instrument is as follows:

2020

2019

£

£

Financial assets that are debt instruments measured at amortised cost

Cash at bank and in hand

35

83

Financial liabilities measured at amortised cost

Amounts owed to group undertakings

341,034

341,076

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

3

Ordinary

£1.00

3

3

9.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned and controlled subsidiary of Canynge Bicknell Limited, a company registered in England and Wales, which company is the largest company of the group into which the results of the company are consolidated. Canynge Bicknell Limited does not have a controlling party.