Silverfin false 30/11/2021 30/11/2021 01/12/2020 Mrs M F Taylorson 08/03/2019 Mr J A Taylorson 23/11/2018 15 August 2022 The principal activity of the Company during the financial year was that of property rental. 11694706 2021-11-30 11694706 bus:Director1 2021-11-30 11694706 bus:Director2 2021-11-30 11694706 2020-11-30 11694706 core:CurrentFinancialInstruments 2021-11-30 11694706 core:CurrentFinancialInstruments 2020-11-30 11694706 core:ShareCapital 2021-11-30 11694706 core:ShareCapital 2020-11-30 11694706 core:RetainedEarningsAccumulatedLosses 2021-11-30 11694706 core:RetainedEarningsAccumulatedLosses 2020-11-30 11694706 core:PlantMachinery 2020-11-30 11694706 core:FurnitureFittings 2020-11-30 11694706 core:PlantMachinery 2021-11-30 11694706 core:FurnitureFittings 2021-11-30 11694706 bus:OrdinaryShareClass1 2021-11-30 11694706 2020-12-01 2021-11-30 11694706 bus:FullAccounts 2020-12-01 2021-11-30 11694706 bus:SmallEntities 2020-12-01 2021-11-30 11694706 bus:AuditExemptWithAccountantsReport 2020-12-01 2021-11-30 11694706 bus:PrivateLimitedCompanyLtd 2020-12-01 2021-11-30 11694706 bus:Director1 2020-12-01 2021-11-30 11694706 bus:Director2 2020-12-01 2021-11-30 11694706 core:PlantMachinery core:TopRangeValue 2020-12-01 2021-11-30 11694706 core:FurnitureFittings core:TopRangeValue 2020-12-01 2021-11-30 11694706 2019-12-01 2020-11-30 11694706 core:PlantMachinery 2020-12-01 2021-11-30 11694706 core:FurnitureFittings 2020-12-01 2021-11-30 11694706 bus:OrdinaryShareClass1 2020-12-01 2021-11-30 11694706 bus:OrdinaryShareClass1 2019-12-01 2020-11-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11694706 (England and Wales)

ISTAYBATH LTD

Unaudited Financial Statements
For the financial year ended 30 November 2021
Pages for filing with the registrar

ISTAYBATH LTD

Unaudited Financial Statements

For the financial year ended 30 November 2021

Contents

ISTAYBATH LTD

COMPANY INFORMATION

For the financial year ended 30 November 2021
ISTAYBATH LTD

COMPANY INFORMATION (continued)

For the financial year ended 30 November 2021
DIRECTORS Mrs M F Taylorson
Mr J A Taylorson
REGISTERED OFFICE 45 Welsh Back
Bristol
BS1 4AG
United Kingdom
COMPANY NUMBER 11694706 (England and Wales)
CHARTERED ACCOUNTANTS Bishop Fleming LLP
10 Temple Back
Bristol
BS1 6FL
ISTAYBATH LTD

STATEMENT OF FINANCIAL POSITION

As at 30 November 2021
ISTAYBATH LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 November 2021
Note 2021 2020
£ £
Fixed assets
Tangible assets 3 6,498 5,374
6,498 5,374
Current assets
Debtors 4 0 532
Cash at bank and in hand 413 911
413 1,443
Creditors
Amounts falling due within one year 5 ( 19,069) ( 25,422)
Net current liabilities (18,656) (23,979)
Total assets less current liabilities (12,158) (18,605)
Net liabilities ( 12,158) ( 18,605)
Capital and reserves
Called-up share capital 6 2 2
Profit and loss account ( 12,160 ) ( 18,607 )
Total shareholders' deficit ( 12,158) ( 18,605)

For the financial year ending 30 November 2021 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of iStayBath Ltd (registered number: 11694706) were approved and authorised for issue by the Board of Directors on 15 August 2022. They were signed on its behalf by:

Mr J A Taylorson
Director
ISTAYBATH LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2021
ISTAYBATH LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2021
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

iStayBath Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 45 Welsh Back, Bristol, BS1 4AG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £12,158. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery 3 years straight line
Fixtures and fittings 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

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 creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2021 2020
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery Fixtures and fittings Total
£ £ £
Cost
At 01 December 2020 4,736 4,007 8,743
Additions 129 4,032 4,161
At 30 November 2021 4,865 8,039 12,904
Accumulated depreciation
At 01 December 2020 2,048 1,321 3,369
Charge for the financial year 1,604 1,433 3,037
At 30 November 2021 3,652 2,754 6,406
Net book value
At 30 November 2021 1,213 5,285 6,498
At 30 November 2020 2,688 2,686 5,374

4. Debtors

2021 2020
£ £
Other debtors 0 532

5. Creditors: amounts falling due within one year

2021 2020
£ £
Amounts owed to directors 17,869 11,711
Accruals and deferred income 1,200 13,711
19,069 25,422

6. Called-up share capital

2021 2020
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2

7. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2021 2020
£ £
- within one year 44,000 44,000

8. Related party transactions

Transactions with the entity's directors

2021 2020
£ £
Amounts owed to the directors 17,869 11,711

This amount is interest free and has no fixed date of repayment.