Registered number |
Registered number: | |||||||
Balance Sheet | |||||||
as at |
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Notes | 2022 | 2021 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 3 | ||||||
Investments | 4 | ||||||
Current assets | |||||||
Debtors | 5 | ||||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | 6 | ( |
( |
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Net current liabilities | ( |
( |
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Net liabilities | ( |
( |
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Capital and reserves | |||||||
Called up share capital | |||||||
Profit and loss account | ( |
( |
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Shareholder's funds | ( |
( |
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Mr. S. Purik | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
Turnover | ||||||||
Exemption from preparing consolidated financial statements | ||||||||
Tangible fixed assets | ||||||||
Plant and machinery | 25% straight line | |||||||
Investments | ||||||||
Debtors | ||||||||
Creditors | ||||||||
Foreign currency translation | ||||||||
Going concern | ||||||||
The directors have concluded that the combination of these circumstances represent a material uncertainty that casts significant doubt upon the company's ability to continue as a going concern. Nevertheless after making enquiries, and considering the uncertainties described above, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For these reasons, they continue to adopt the going concern basis in preparing the accounts. |
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2 | Employees | 2022 | 2021 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
3 | Tangible fixed assets | |||||||
Plant and machinery etc | ||||||||
£ | ||||||||
Cost | ||||||||
At 1 January 2022 | ||||||||
At 31 December 2022 | ||||||||
Depreciation | ||||||||
At 1 January 2022 | ||||||||
At 31 December 2022 | ||||||||
Net book value | ||||||||
At 31 December 2022 | ||||||||
At 31 December 2021 | ||||||||
4 | Investments | |||||||
Investments in | ||||||||
subsidiary | ||||||||
undertakings | ||||||||
£ | ||||||||
Cost | ||||||||
At 1 January 2022 | ||||||||
At 31 December 2022 | ||||||||
The company's investments at the balance sheet date in the share capital of companies include the following: |
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Subsidiary | ||||||||
White Whale Investment Limited | ||||||||
Country of incorporation: Republic of Cyprus | ||||||||
Nature of business: Provision of financing | ||||||||
% | ||||||||
Class of shares: | holding | |||||||
Ordinary | 100.00 | |||||||
31.12.22 | 31.12.21 | |||||||
£ | £ | |||||||
Aggregate capital and reserves | - | - | ||||||
Profit for the year | - | - | ||||||
The accounts of White Whale Investment Limited for the years ended 31 December 2021 and 31 December 2022 are not available. | ||||||||
5 | Debtors | 2022 | 2021 | |||||
£ | £ | |||||||
Amounts owed by group undertakings and undertakings in which the company has a participating interest | ||||||||
Other debtors | ||||||||
6 | Creditors: amounts falling due within one year | 2022 | 2021 | |||||
£ | £ | |||||||
Bank loans and overdrafts | - | |||||||
Trade creditors | ||||||||
Taxation and social security costs | ( |
( |
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Other creditors | ||||||||
7 | Secured Debts | 2022 | 2021 | |||||
£ | £ | |||||||
Creditors include: | ||||||||
Other loans | 1,361,526 | 1,360,646 | ||||||
The loan of £1,000,000 is interest free and is repayable on demand. These loans are secured by fixed & floating charge over company’s asset. |
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8 | Related party transactions | |||||||
At the period end the Company owed £361,526 (2021: £360,646) to Sergiy Purik, the Company's director, in relation to a loan advanced to the company in the previous period. The loan is interest free repayable on demand. At the period end, this amount remains unpaid and is included within creditors due within one year. |
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At the period end the Company owed £1,000,000 (2021: £1,000,000) to Iana Purik, the Company's director's daughter, in relation to a loan of £1,000,000 advanced to the company in previous periods. The loan is interest free repayable on demand. At the period end, this amount remains unpaid and is included within creditors due within one year. | ||||||||
Included in debtors due within one year are the following balances due from related parties: | ||||||||
2022 | 2021 | |||||||
£ | £ | |||||||
White Whale Investments Limited | 477,451 | 477,451 | ||||||
These companies are related due to common control/ownership. | ||||||||
9 | Controlling party | |||||||
10 | Other information | |||||||
Bridgeform Trade Limited is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
Suite 5, 3rd Floor | ||||||||
Sovereign House, 1 Albert Place | ||||||||
London | ||||||||
N3 1QB |