Company registration number 04840883 (England and Wales)
BRIGHTSIDE LEISURE DEVELOPMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
PAGES FOR FILING WITH REGISTRAR
BRIGHTSIDE LEISURE DEVELOPMENTS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
BRIGHTSIDE LEISURE DEVELOPMENTS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2021
31 December 2021
- 1 -
2021
2020
Notes
£
£
£
£
Current assets
Debtors
3
2,680,478
2,680,478
Net current assets
2,680,478
2,680,478
Capital and reserves
Called up share capital
1,387
1,387
Share premium account
1,829,112
1,829,112
Profit and loss reserves
849,979
849,979
Total equity
2,680,478
2,680,478
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 December 2021 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 23 September 2022 and are signed on its behalf by:
T SOUTHWORTH
T Southworth
Director
Company Registration No. 04840883
BRIGHTSIDE LEISURE DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
- 2 -
1
Accounting policies
Company information
Brightside Leisure Developments Limited is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
One Eleven, Edmund Street, Birmingham, England, B3 2HJ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention
.
The principal accounting policies adopted are set out below.
1.2
Going concern
The directors, having made due and careful enquiry, are of the opinion that the company has adequate working capital to execute their operations over the next 12 months. The directors, therefore, have made an informed judgement, at the time of approving the financial statements, that there is a reasonable expectation that the company has adequate resource
true
s
to continue to adopt the going concern basis of accounting in preparing the financial statements. The assessment is based on support and funding available from the parent company which will allow the company to continue to meet its obligations as they fall due. As a result, the directors have continued to adopt the going concern basis of accounting in preparing the annual financial statements.
1.3
Profit and loss account
The company has not traded during the year or the preceding financial period. During
this time,
the company received no income and incurred no expenditure and therefore no
Profit and loss account
is presented
in these financial statements.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2021
2020
Number
Number
Total
3
3
BRIGHTSIDE LEISURE DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
- 3 -
3
Debtors
2021
2020
Amounts falling due within one year:
£
£
Amounts owed by parent company
2,680,478
2,680,478
Amounts owed by the parent company are unsecured, interest free and repayable on demand.
4
Related party transactions
As a wholly owned subsidiary, the company has taken advantage of the exemption within FRS 102 Section
false
1AC.
3
5
(Related Party Disclosure) from disclo
s
ure of related party transactions with other group companies.
5
Parent company
The immediate parent company is Kintyre Development Company Limited, a company registered in Scotland.
The ultimate parent company is Southworth International Holdings LLC, a company registered in the USA.