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REGISTERED NUMBER: 05603682 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2022

for

BASKERVILLE (BRISTOL) LIMITED

BASKERVILLE (BRISTOL) LIMITED (REGISTERED NUMBER: 05603682)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BASKERVILLE (BRISTOL) LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTOR: Mr M A Ferrante





SECRETARY: Mrs M Ferrante





REGISTERED OFFICE: Unit 5
Rose Green Road
Fishponds Trading Estate
Fishponds
Bristol
BS5 7XE





REGISTERED NUMBER: 05603682 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
Bath House
6 - 8 Bath Street
Bristol
BS1 6HL

BASKERVILLE (BRISTOL) LIMITED (REGISTERED NUMBER: 05603682)

Balance Sheet
31 MARCH 2022

2022 2021
Notes £    £   
FIXED ASSETS
Intangible assets 3 1,000,000 1,000,000
Tangible assets 4 57,498 45,856
1,057,498 1,045,856

CURRENT ASSETS
Stocks 5 134,714 79,036
Debtors 6 244,626 974,066
Investments 7 1,123,134 1,111,496
Cash at bank and in hand 514,710 248,024
2,017,184 2,412,622
CREDITORS
Amounts falling due within one year 8 (284,932 ) (212,016 )
NET CURRENT ASSETS 1,732,252 2,200,606
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,789,750

3,246,462

PROVISIONS FOR LIABILITIES (13,090 ) (7,507 )
NET ASSETS 2,776,660 3,238,955

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 2,776,659 3,238,954
SHAREHOLDERS' FUNDS 2,776,660 3,238,955

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BASKERVILLE (BRISTOL) LIMITED (REGISTERED NUMBER: 05603682)

Balance Sheet - continued
31 MARCH 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 23 August 2022 and were signed by:





Mr M A Ferrante - Director


BASKERVILLE (BRISTOL) LIMITED (REGISTERED NUMBER: 05603682)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2022


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is not being amortised because the director is of the opinion that there is an active market for this asset and that, by reference to that market, its residual value is at least equivalent to the cost of acquisition and that it is probable that such a market will continue to exist for the foreseeable future.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% -33% on reducing balance
Fixtures and fittings - 15% -33% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are stated at the lower of cost and net realisable value. Cost comprises direct materials and where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

BASKERVILLE (BRISTOL) LIMITED (REGISTERED NUMBER: 05603682)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2022


1. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents 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.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

BASKERVILLE (BRISTOL) LIMITED (REGISTERED NUMBER: 05603682)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2022


1. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2021 - 14 ) .

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2021
and 31 March 2022 1,000,000
NET BOOK VALUE
At 31 March 2022 1,000,000
At 31 March 2021 1,000,000

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2021 61,352 12,919 123,055 18,216 215,542
Additions 3,775 243 24,730 730 29,478
At 31 March 2022 65,127 13,162 147,785 18,946 245,020
DEPRECIATION
At 1 April 2021 51,426 11,634 90,204 16,422 169,686
Charge for year 2,055 230 14,395 1,156 17,836
At 31 March 2022 53,481 11,864 104,599 17,578 187,522
NET BOOK VALUE
At 31 March 2022 11,646 1,298 43,186 1,368 57,498
At 31 March 2021 9,926 1,285 32,851 1,794 45,856

5. STOCKS
2022 2021
£    £   
Stocks 134,714 79,036

BASKERVILLE (BRISTOL) LIMITED (REGISTERED NUMBER: 05603682)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2022


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 240,240 155,189
Amounts owed by group undertakings - 801,496
VAT 223 2,372
Prepayments and accrued income 4,163 15,009
244,626 974,066

7. CURRENT ASSET INVESTMENTS
2022 2021
£    £   
Bank bonds 1,123,134 1,111,496

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 200,590 142,377
Tax 75,861 49,473
Social security and other taxes 4,828 3,034
Other creditors 1,080 14,604
Accrued expenses 2,573 2,528
284,932 212,016

9. RELATED PARTY DISCLOSURES

During the year Baskerville (Bristol) Limited has paid Baskerville (Holdings) Limited, the parent undertaking, a management charge of £65,000 (2021 £43,500), rent of £25,000 (2021 £16,700) for the premises owned by Baskerville (Holdings) Limited; and a dividend of £801,496 (2021: £Nil). There is a balance owed from Baskerville (Holdings) limited of £Nil (2021: £801,496).

10. PARENT UNDERTAKING

Baskerville (Holdings) Limited is the parent undertaking.

Registered office & Trading address :-

Unit 5 Rose Green Road
Fishponds
Bristol
BS5 7XE