Brighton & Hove Streamline Taxis Limited - Period Ending 2022-10-31
Brighton & Hove Streamline Taxis Limited - Period Ending 2022-10-31
Registration number:
Brighton & Hove Streamline Taxis Limited
(A company limited by guarantee)
for the Year Ended 31 October 2022
Brighton & Hove Streamline Taxis Limited
Contents
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Company Information |
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Profit and Loss Account |
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Balance Sheet |
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Notes to the Financial Statements |
Brighton & Hove Streamline Taxis Limited
Company Information
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Chairman |
Mr A G Mechaeil |
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Directors |
Mr A A Knight Mr J C Howell Mr J R Cheeseman Mr A Peters |
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Registered office |
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Auditors |
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Brighton & Hove Streamline Taxis Limited
Profit and Loss Account for the Year Ended 31 October 2022
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Note |
2022 |
2021 |
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Turnover |
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Gross surplus |
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Administrative expenses |
( |
( |
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Operating surplus |
25,626 |
27,172 |
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Interest payable and similar expenses |
( |
( |
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Surplus before tax |
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Surplus for the financial year |
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The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Brighton & Hove Streamline Taxis Limited
(Registration number: 06202716)
Balance Sheet as at 31 October 2022
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Note |
2022 |
2021 |
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Fixed assets |
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Tangible assets |
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Investments |
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Other financial assets |
30,000 |
30,000 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net assets |
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Reserves |
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Revaluation reserve |
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Retained earnings |
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Surplus |
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These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
Brighton & Hove Streamline Taxis Limited
(Registration number: 06202716)
Balance Sheet as at 31 October 2022
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Director
Brighton & Hove Streamline Taxis Limited
Notes to the Financial Statements for the Year Ended 31 October 2022
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General information |
The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £10 towards the assets of the company in the event of liquidation.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Audit report
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Revenue recognition
Turnover comprises the fair value of the consideration receivable for the letting of the freehold property in the ordinary course of the company’s activities. The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.
Brighton & Hove Streamline Taxis Limited
Notes to the Financial Statements for the Year Ended 31 October 2022
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Freehold land and buildings |
2% on cost |
Investments
Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in surplus or deficit. A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits.
Trade debtors
Trade debtors are amounts due from customers for property letting performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Brighton & Hove Streamline Taxis Limited
Notes to the Financial Statements for the Year Ended 31 October 2022
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Tangible assets |
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Land and buildings |
Total |
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Cost or valuation |
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At 1 November 2021 |
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At 31 October 2022 |
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Depreciation |
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At 1 November 2021 |
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Charge for the year |
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At 31 October 2022 |
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Carrying amount |
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At 31 October 2022 |
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At 31 October 2021 |
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Included within the net book value of land and buildings above is £760,486 (2021 - £778,773) in respect of freehold land and buildings.
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Investments |
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2022 |
2021 |
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Investments in subsidiaries |
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Brighton & Hove Streamline Taxis Limited
Notes to the Financial Statements for the Year Ended 31 October 2022
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Subsidiaries |
£ |
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Cost or valuation |
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At 1 November 2021 |
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Provision |
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Carrying amount |
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At 31 October 2022 |
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At 31 October 2021 |
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Details of undertakings
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
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Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2022 |
2021 |
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Subsidiary undertakings |
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England and Wales |
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England and Wales |
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England and Wales |
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England and Wales |
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England and Wales |
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England and Wales |
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England and Wales |
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England and Wales |
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England and Wales |
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England and Wales |
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Brighton & Hove Streamline Taxis Limited
Notes to the Financial Statements for the Year Ended 31 October 2022
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Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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England and Wales |
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England and Wales |
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England and Wales |
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England and Wales |
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England and Wales |
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Subsidiary undertakings |
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ATT Associates Limited The principal activity of ATT Associates Limited is |
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Brighton & Hove City Cabs Limited The principal activity of Brighton & Hove City Cabs Limited is |
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Brighton & Hove City Streamline Limited The principal activity of Brighton & Hove City Streamline Limited is |
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Brighton & Hove City Taxis Limited The principal activity of Brighton & Hove City Taxis Limited is |
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Brighton and Hove Streamline Limited The principal activity of Brighton and Hove Streamline Limited is |
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Brighton City Streamline Limited The principal activity of Brighton City Streamline Limited is |
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City Cabs (Brighton) Limited The principal activity of City Cabs (Brighton) Limited is |
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Hove Streamline Radio Taxis Limited The principal activity of Hove Streamline Radio Taxis Limited is |
Brighton & Hove Streamline Taxis Limited
Notes to the Financial Statements for the Year Ended 31 October 2022
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South Coast Streamline Limited The principal activity of South Coast Streamline Limited is |
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Southern Streamline (Hove) Limited The principal activity of Southern Streamline (Hove) Limited is |
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Streamline 202020 Limited The principal activity of Streamline 202020 Limited is |
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Streamline Supply Company Limiited The principal activity of Streamline Supply Company Limiited is |
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CATSTREAM (UK) Training Limited The principal activity of CATSTREAM (UK) Training Limited is |
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CATSTREAM Drivers Disability Awareness Training Limited The principal activity of CATSTREAM Drivers Disability Awareness Training Limited is |
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City Streamline Limited The principal activity of City Streamline Limited is |
Brighton & Hove Streamline Taxis Limited
Notes to the Financial Statements for the Year Ended 31 October 2022
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Other fixed assets |
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Fixed assets at cost less impairment |
Total |
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Taxi plates |
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Cost or valuation |
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At 1 November 2021 |
30,000 |
30,000 |
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At 31 October 2022 |
30,000 |
30,000 |
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Impairment |
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Carrying amount |
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At 31 October 2022 |
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30,000 |
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Debtors |
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Current |
2022 |
2021 |
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Trade debtors |
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- |
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Other debtors |
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Brighton & Hove Streamline Taxis Limited
Notes to the Financial Statements for the Year Ended 31 October 2022
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Creditors |
Creditors: amounts falling due within one year
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Note |
2022 |
2021 |
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Due within one year |
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Loans and borrowings |
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Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Accruals and deferred income |
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Creditors include bank loans which are secured of £21,575 (2021 - £20,081).
Creditors: amounts falling due after more than one year
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Note |
2022 |
2021 |
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Due after one year |
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Loans and borrowings |
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Creditors include bank loans which are secured of £289,033 (2021 - £310,506).
The bank borrowings are secured by a first legal charge over the company's freehold property known as 5 Clifton Hill, Brighton, East Sussex, BN1 3HL and a cross guarantee given by its subsidiary Brighton and Hove Streamline Limited.
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Loans and borrowings |
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2022 |
2021 |
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Non-current loans and borrowings |
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Bank borrowings |
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2022 |
2021 |
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Current loans and borrowings |
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Bank borrowings |
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