Fuel Juice Bidco Limited - Accounts to registrar - small 17.1.1
Fuel Juice Bidco Limited - Accounts to registrar - small 17.1.1
REGISTERED NUMBER: |
Financial Statements For The Year Ended 30 September 2016 |
for |
Fuel Juice Bidco Limited |
Fuel Juice Bidco Limited (Registered number: SC434152) |
Contents of the Financial Statements |
For The Year Ended 30 September 2016 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
Fuel Juice Bidco Limited |
Company Information |
For The Year Ended 30 September 2016 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants & Statutory Auditors |
Regent Court |
70 West Regent Street |
Glasgow |
G2 2QZ |
Fuel Juice Bidco Limited (Registered number: SC434152) |
Statement of Financial Position |
30 September 2016 |
2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 3 |
CURRENT ASSETS |
Debtors | 4 |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
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 Board of Directors on |
Fuel Juice Bidco Limited (Registered number: SC434152) |
Notes to the Financial Statements |
For The Year Ended 30 September 2016 |
1. | STATUTORY INFORMATION |
Fuel Juice Bidco Limited is a |
registered number and registered office address can be found on the Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements are presented in pounds sterling which is the functional currency of the company. |
Financial reporting standard 102 - reduced disclosure exemptions |
The company has taken advantage of the following disclosure exemptions in preparing these financial |
statements, as permitted by FRS102 "The Financial Reporting Standard applicable in the UK and Republic of |
Ireland": |
- the requirement of Section 33 Related Party Disclosures paragraph 33.7. |
Turnover |
Turnover represents charges from other group companies in respect of services provided by management in the |
year. |
Fixed asset investments |
Investments are measured at cost less impairment as fair value cannot be reliably measured without undue cost or |
effort. |
Financial instruments |
Financial instruments are included on the statement of financial position in respect of loan notes which have been |
both acquired and issued by Fuel Juice Midco Limited. They are recognised at the value of proceeds received |
and paid less direct issue costs. Interest is recognised in the statement of comprehensive income on an accruals |
basis. |
3. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 October 2015 |
and 30 September 2016 |
NET BOOK VALUE |
At 30 September 2016 |
At 30 September 2015 |
Fuel Juice Bidco Limited (Registered number: SC434152) |
Notes to the Financial Statements - continued |
For The Year Ended 30 September 2016 |
3. | FIXED ASSET INVESTMENTS - continued |
The company's investments at the Statement of Financial Position date in the share capital of companies include |
the following: |
Registered office: Regent Court, 70 West Regent Street, Glasgow, United Kingdom, G2 2QZ |
Nature of business: |
% |
Class of shares: | holding |
2016 | 2015 |
£ | £ |
Aggregate capital and reserves |
Profit for the year |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Other creditors |
Accrued expenses |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2016 | 2015 |
£ | £ |
Loan notes | 1,672,238 | 1,672,238 |
Accruals | 757,593 | 556,924 |
7. | FINANCIAL INSTRUMENTS |
On 21 December 2012, the company issued £1,672,238 of 2027 unsecured 12% loan notes. Interest on these |
loan notes will accrue annually on the principle sum due until maturity on 21 December 2027. At the year end, |
all of these loan notes were held by Fuel Juice Midco Limited, the 100% shareholder of the company. |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
Ordinary | £1.00 | 75,251 | 75,251 |
Fuel Juice Bidco Limited (Registered number: SC434152) |
Notes to the Financial Statements - continued |
For The Year Ended 30 September 2016 |
9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
10. | CONTINGENT LIABILITIES |
A composite guarantee exists between the company and Fuel Juice Bars Limited. The liability at 30 September |
2016 is £722,487. Santander UK plc also hold a floating charge over the all the property or undertaking of the |
company. |
11. | ULTIMATE CONTROLLING PARTY |
The company's immediate parent undertaking is Fuel Juice Midco Limited and the ultimate parent company is |
Kings Park Capital (Jersey) Topco Limited. The immediate group which the company is included within |
consolidated accounts of is Fuel Juice Topco Limited. |
12. | FIRST YEAR ADOPTION |
The company has adopted FRS 102 (Section 1A) for the year ended 30 September 2016. |