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REGISTERED NUMBER: 11940476 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2022

for

Badgeworth Properties Limited

Badgeworth Properties Limited (Registered number: 11940476)






Contents of the Financial Statements
for the Year Ended 31st March 2022




Page

Balance Sheet 1

Notes to the Financial Statements 2


Badgeworth Properties Limited (Registered number: 11940476)

Balance Sheet
31st March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 329,000 271,817

CURRENT ASSETS
Debtors 5 150 300
Cash at bank 4,670 1,308
4,820 1,608
CREDITORS
Amounts falling due within one year 6 85,573 84,641
NET CURRENT LIABILITIES (80,753 ) (83,033 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

248,247

188,784

CREDITORS
Amounts falling due after more than one year 7 177,107 177,107
NET ASSETS 71,140 11,677

CAPITAL AND RESERVES
Called up share capital 8 101 101
Retained earnings 71,039 11,576
SHAREHOLDERS' FUNDS 71,140 11,677

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

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

The directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13th September 2022 and were signed on its behalf by:





Dr S Rassam - Director


Badgeworth Properties Limited (Registered number: 11940476)

Notes to the Financial Statements
for the Year Ended 31st March 2022

1. COMPANY INFORMATION

Badgeworth Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11940476

Registered office: 1st Floor
49 Peter Street
Manchester
M23NG

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There have been no critical judgements, estimates or assumptions made in the preparation of these financial statements.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Related parties
The Director Dr Rassam is also a Director and majority shareholder in Rassam Medical Consultancy Ltd.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2021 271,817
Revaluations 57,183
At 31st March 2022 329,000
NET BOOK VALUE
At 31st March 2022 329,000
At 31st March 2021 271,817

Badgeworth Properties Limited (Registered number: 11940476)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2022

4. INVESTMENT PROPERTY - continued

.

Investment property consists of 2 properties 23 Gleneagles, Goldcrest Drive, Cardiff CF23 7HJ costing £108,786.64 and 60 Chapel Wood, Cardiff, CF23 9EF costing £146,817 purchased 16 September 2019 and 22 January 2021.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 150 300

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade creditors 693 656
Tax 535 -
Directors' current accounts 83,751 83,511
Accrued expenses 594 474
85,573 84,641

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.22 31.3.21
£    £   
Other loans 177,107 177,107

Other loans relates to mortgages on the Investment Property from Kensington Mortgages Limited and Spicketts Battricks which are both secured by charges lodged at Companies House.

8. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 31.3.22 31.3.21
value: £    £   
100 Ordinary A £1 100 100
1 Ordinary B £1 1 1
101 101

On incorporation 100 A and 1 B Shares were issued at par value.

The A and B Shares rank pari passu in respect of all rights.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2022 and 31st March 2021:

31.3.22 31.3.21
£    £   
Dr S Rassam
Balance outstanding at start of year (83,511 ) (40,539 )
Amounts advanced - 268
Amounts repaid (240 ) (43,240 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (83,751 ) (83,511 )

The loan is repayable on demand and no interest was charged during the year.

Badgeworth Properties Limited (Registered number: 11940476)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2022

10. RELATED PARTY DISCLOSURES

The Director Dr Rassam is also a Director and majority shareholder in Rassam Medical Consultancy Ltd.

11. ULTIMATE CONTROLLING PARTY

Dr Rassam is the ultimate controlling party by virtue of holding 100% of the voting share capital.