Company Registration No. 07531634 (England and Wales)
THE LEATHERNE BOTTEL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
PAGES FOR FILING WITH REGISTRAR
THE LEATHERNE BOTTEL LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
THE LEATHERNE BOTTEL LIMITED
BALANCE SHEET
AS AT
31 MARCH 2021
31 March 2021
- 1 -
2021
2020
Notes
£
£
£
£
Fixed assets
Investment properties
3
1,000,000
1,000,000
Investments
4
25,592
25,592
1,025,592
1,025,592
Current assets
Debtors
5
14,945
12,995
Creditors: amounts falling due within one year
6
(3,200)
(6,384)
Net current assets
11,745
6,611
Total assets less current liabilities
1,037,337
1,032,203
Creditors: amounts falling due after more than one year
7
(1,079,414)
(1,079,414)
Net liabilities
(42,077)
(47,211)
Capital and reserves
Called up share capital
8
2
2
Profit and loss reserves
(42,079)
(47,213)
Total equity
(42,077)
(47,211)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he member has 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 LEATHERNE BOTTEL LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2021
31 March 2021
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 6 October 2021
Sir R J Madejski OBE, DL
Director
Company Registration No. 07531634
THE LEATHERNE BOTTEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
- 3 -
1
Accounting policies
Company information
The Leatherne Bottel Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Select Car Leasing Stadium, Junction 11, M4, Reading, Berkshire, RG2 0FL.
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, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Investment properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure
. Subsequently it is measured
at fair value a
t
the reporting end date.
Changes in fair value are recognised in profit or loss.
1.3
Cash at bank and in hand
Cash and cash equivalents
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.4
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs.
Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from
fellow group companies and preference shares that are classified as debt, are
initially recognised at transaction.
Financial liabilities classified as payable within one year are not amortised.
1.5
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
THE LEATHERNE BOTTEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2021
2020
Number
Number
Total
3
Investment property
2021
£
Fair value
At 1 April 2020 and 31 March 2021
1,000,000
4
Fixed asset investments
2021
2020
£
£
Other investments other than loans
25,592
25,592
5
Debtors
2021
2020
Amounts falling due within one year:
£
£
Corporation tax recoverable
48
Other debtors
14,945
12,947
14,945
12,995
6
Creditors: amounts falling due within one year
2021
2020
£
£
Amounts owed to group undertakings
1,200
Corporation tax
1,984
Other creditors
3,200
3,200
3,200
6,384
THE LEATHERNE BOTTEL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
- 5 -
7
Creditors: amounts falling due after more than one year
2021
2020
£
£
Other creditors
1,079,414
1,079,414
8
Called up share capital
2021
2020
2021
2020
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2
THE LEATHERNE BOTTEL LIMITED
SCHEDULE OF ADMINISTRATIVE EXPENSES
FOR THE YEAR ENDED 31 MARCH 2021
2021
Movement
Movement
2020
£
£
%
£
Administrative expenses
Accountancy
650
-
-
650
Sundry expenses
-
(4,148)
100.00%
4,148
650
(4,148)
86.45%
4,798