Bathroom Planet Holdings Ltd SC709905 false 2021-09-21 2021-12-31 2021-12-31 The principal activity of the company is holding company. Digita Accounts Production Advanced 6.30.9574.0 true false false 2022-12-31 SC709905 2021-09-21 2021-12-31 SC709905 2021-12-31 SC709905 bus:OrdinaryShareClass1 2021-12-31 SC709905 bus:Revised 2021-12-31 SC709905 core:ShareCapital 2021-12-31 SC709905 core:SharePremium 2021-12-31 SC709905 core:CurrentFinancialInstruments 2021-12-31 SC709905 core:CurrentFinancialInstruments core:WithinOneYear 2021-12-31 SC709905 core:AdditionsToInvestments 2021-12-31 SC709905 core:Subsidiary1 2021-12-31 SC709905 bus:SmallEntities 2021-09-21 2021-12-31 SC709905 bus:AuditExemptWithAccountantsReport 2021-09-21 2021-12-31 SC709905 bus:FullAccounts 2021-09-21 2021-12-31 SC709905 bus:SmallCompaniesRegimeForAccounts 2021-09-21 2021-12-31 SC709905 bus:RegisteredOffice 2021-09-21 2021-12-31 SC709905 bus:Director1 2021-09-21 2021-12-31 SC709905 bus:Director2 2021-09-21 2021-12-31 SC709905 bus:OrdinaryShareClass1 2021-09-21 2021-12-31 SC709905 bus:PrivateLimitedCompanyLtd 2021-09-21 2021-12-31 SC709905 core:Subsidiary1 2021-09-21 2021-12-31 SC709905 core:Subsidiary1 1 2021-09-21 2021-12-31 SC709905 core:Subsidiary1 countries:Scotland 2021-09-21 2021-12-31 SC709905 countries:Scotland 2021-09-21 2021-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC709905

Bathroom Planet Holdings Ltd

Annual Report and Unaudited Financial Statements

for the Period from 21 September 2021 to 31 December 2021

 

Bathroom Planet Holdings Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Bathroom Planet Holdings Ltd

Company Information

Directors

Mrs Gail Lambert

Mr Thomas Lambert

Registered office

27 North Bridge Street
Hawick
Borders
TD9 9BD

Accountants

Deans Accountants And Business Advisors Ltd
27 North Bridge Street
Hawick
Borders
TD9 9BD

 

Bathroom Planet Holdings Ltd

(Registration number: SC709905)
Balance Sheet as at 31 December 2021

Note

2021
£

Fixed assets

 

Investments

4

300,000

Creditors: Amounts falling due within one year

5

(200,000)

Net assets

 

100,000

Capital and reserves

 

Called up share capital

6

10

Share premium reserve

99,990

Shareholders' funds

 

100,000

For the financial period ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 29 August 2022 and signed on its behalf by:
 

.........................................
Mrs Gail Lambert
Director

.........................................
Mr Thomas Lambert
Director

 

Bathroom Planet Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 21 September 2021 to 31 December 2021

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
27 North Bridge Street
Hawick
Borders
TD9 9BD
Scotland

The principal place of business is:
Unit 3, Block 12,
Tweedbank Industrial Estate
Tweedbank
Galashiels
TD1 3RS
Scotland

These financial statements were authorised for issue by the Board on 29 August 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are presented in Sterling (£) and rounded to the nearest £0.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

Bathroom Planet Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 21 September 2021 to 31 December 2021

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0.

4

Investments

2021
£

Investments in subsidiaries

300,000

Subsidiaries

£

Cost or valuation

Additions

300,000

Provision

Carrying amount

At 31 December 2021

300,000

 

Bathroom Planet Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 21 September 2021 to 31 December 2021

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2021

Subsidiary undertakings

Bathroom Planet (Borders) Ltd

Unit 3, Block 12,
Tweedbank Industrial Estate
Tweedbank
Galashiels
TD1 3RS

Scotland

Ordinary

100%

Subsidiary undertakings

Bathroom Planet (Borders) Ltd

The principal activity of Bathroom Planet (Borders) Ltd is bathroom retail/installation.. Its financial period end is 31 December.

 

Bathroom Planet Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 21 September 2021 to 31 December 2021

5

Creditors

Creditors: amounts falling due within one year

Note

2021
£

Due within one year

 

Loans and borrowings

7

200,000

6

Share capital

Allotted, called up and fully paid shares

 

2021

 

No.

£

Ordinary of £1 each

10

10

     

7

Loans and borrowings

2021
£

Current loans and borrowings

Other borrowings

200,000