Budwell Limited
Notes to the financial statements
For the year ended 31 March 2020
The company is a private company, limited by share capital, and incorporated in England & Wales. The address of its registered office is Springfield House, Springfield Road, Horsham, West Sussex, RH12 2RG.
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Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of
Financial Reporting Standard 102, the Financial Reporting Standard applicable in
the UK and the Republic of Ireland and the Companies Act 2006
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The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.
Short term debtors are measured at transaction price, less any impairment
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
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Amounts owed by group undertakings
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Related party transactions
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Rosier Business Park Limited
(Parent company)
The company continued to provide a loan to Rosier Business Park Limited. The loan is interest free and repayable on demand. The balance due from Rosier Business Park Limited at the year end was £2 (2019: £2).
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The company is a wholly owned subsidiary of Rosier Business Park Limited, a company incorporated in England and Wales. The ultimate controlling party of the company are the directors and shareholders of Rosier Business Park Limited.
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