Registration number:
Bathroom Planet Holdings Ltd
for the Period from 21 September 2021 to 31 December 2021
Bathroom Planet Holdings Ltd
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Bathroom Planet Holdings Ltd
Company Information
Directors |
Mrs Gail Lambert Mr Thomas Lambert |
Registered office |
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Accountants |
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Bathroom Planet Holdings Ltd
(Registration number: SC709905)
Balance Sheet as at 31 December 2021
Note |
2021 |
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Fixed assets |
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Investments |
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Creditors: Amounts falling due within one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Share premium reserve |
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Shareholders' funds |
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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:
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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
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Bathroom Planet Holdings Ltd
Notes to the Unaudited Financial Statements for the Period from 21 September 2021 to 31 December 2021
General information |
The company is a private company limited by share capital, incorporated in Scotland.
The address of its registered office is:
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
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.
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Investments |
2021 |
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Investments in subsidiaries |
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Subsidiaries |
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Cost or valuation |
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Additions |
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Provision |
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Carrying amount |
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At 31 December 2021 |
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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 |
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2021 |
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Subsidiary undertakings |
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Unit 3, Block 12,
Scotland |
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Subsidiary undertakings |
Bathroom Planet (Borders) Ltd The principal activity of Bathroom Planet (Borders) Ltd is |
Bathroom Planet Holdings Ltd
Notes to the Unaudited Financial Statements for the Period from 21 September 2021 to 31 December 2021
Creditors |
Creditors: amounts falling due within one year
Note |
2021 |
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Due within one year |
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Loans and borrowings |
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Share capital |
Allotted, called up and fully paid shares
2021 |
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No. |
£ |
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10 |
Loans and borrowings |
2021 |
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Current loans and borrowings |
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Other borrowings |
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