0 0 0 false false false false false false false false false true false false false false false false No description of principal activity 2021-04-01 Sage Accounts Production Advanced 2020 - FRS102_2019 300,156 300,156 300,156 xbrli:pure xbrli:shares iso4217:GBP 06553758 2021-04-01 2022-03-31 06553758 2022-03-31 06553758 2020-04-01 2021-03-31 06553758 2021-03-31 06553758 bus:RegisteredOffice 2021-04-01 2022-03-31 06553758 bus:Director1 2021-04-01 2022-03-31 06553758 bus:Director2 2021-04-01 2022-03-31 06553758 core:WithinOneYear 2022-03-31 06553758 core:WithinOneYear 2021-03-31 06553758 core:AfterOneYear 2022-03-31 06553758 core:AfterOneYear 2021-03-31 06553758 core:RetainedEarningsAccumulatedLosses 2021-03-31 06553758 core:RetainedEarningsAccumulatedLosses 2020-03-31 06553758 core:RetainedEarningsAccumulatedLosses 2022-03-31 06553758 core:RetainedEarningsAccumulatedLosses 2021-03-31 06553758 core:ShareCapital 2022-03-31 06553758 core:ShareCapital 2021-03-31 06553758 core:CostValuation core:Non-currentFinancialInstruments 2022-03-31 06553758 core:Non-currentFinancialInstruments 2022-03-31 06553758 core:Non-currentFinancialInstruments 2021-03-31 06553758 bus:SmallEntities 2021-04-01 2022-03-31 06553758 bus:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 06553758 bus:FullAccounts 2021-04-01 2022-03-31 06553758 bus:SmallCompaniesRegimeForAccounts 2021-04-01 2022-03-31 06553758 bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 06553758 bus:CompanySecretary1 2021-04-01 2022-03-31
COMPANY REGISTRATION NUMBER: 06553758
BA Corporation Limited
Unaudited Financial Statements
31 March 2022
BA Corporation Limited
Financial Statements
Year ended 31 March 2022
Contents
Page
Directors' report
1
Statement of income and retained earnings
2
Statement of financial position
3
Notes to the financial statements
5
BA Corporation Limited
Directors' Report
Year ended 31 March 2022
The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2022 .
Directors
The directors who served the company during the year were as follows:
Mrs H Adams
Mr B Adams
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 1 September 2022 and signed on behalf of the board by:
Mr B Adams
Director
Company Secretary
Registered office:
1st Floor Queen Insurance Building
24 Queen Avenue
Liverpool
England
L2 4TZ
BA Corporation Limited
Statement of Income and Retained Earnings
Year ended 31 March 2022
2022
2021
Note
£
£
Administrative expenses
17,842
17,929
Other operating income
18,854
22,979
--------
--------
Operating profit
1,012
5,050
Interest payable and similar expenses
4
1,012
5,050
--------
--------
Profit before taxation
Tax on profit
----
----
Result for the financial year and total comprehensive income
----
----
Retained earnings at the start of the year
152
152
----
----
Retained earnings at the end of the year
152
152
----
----
All the activities of the company are from continuing operations.
BA Corporation Limited
Statement of Financial Position
31 March 2022
2022
2021
Note
£
£
£
Fixed assets
Investments
5
300,156
300,156
Current assets
Debtors
6
134,674
133,653
Cash at bank and in hand
51
59
---------
---------
134,725
133,712
Creditors: amounts falling due within one year
7
92,228
91,215
---------
---------
Net current assets
42,497
42,497
---------
---------
Total assets less current liabilities
342,653
342,653
Creditors: amounts falling due after more than one year
8
42,500
42,500
---------
---------
Net assets
300,153
300,153
---------
---------
Capital and reserves
Called up share capital
300,001
300,001
Profit and loss account
152
152
---------
---------
Shareholders funds
300,153
300,153
---------
---------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 31 March 2022 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
BA Corporation Limited
Statement of Financial Position (continued)
31 March 2022
These financial statements were approved by the board of directors and authorised for issue on 1 September 2022 , and are signed on behalf of the board by:
Mrs H Adams
Mr B Adams
Director
Director
Company registration number: 06553758
BA Corporation Limited
Notes to the Financial Statements
Year ended 31 March 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1st Floor Queen Insurance Building, 24 Queen Avenue, Liverpool, L2 4TZ, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
4. Interest payable and similar expenses
2022
2021
£
£
Other interest payable and similar charges
1,012
5,050
-------
-------
5. Investments
Other investments other than loans
£
Cost
At 1 April 2021 and 31 March 2022
300,156
---------
Impairment
At 1 April 2021 and 31 March 2022
---------
Carrying amount
At 31 March 2022
300,156
---------
At 31 March 2021
300,156
---------
6. Debtors
2022
2021
£
£
Trade debtors
3,927
3,439
Other debtors
130,747
130,214
---------
---------
134,674
133,653
---------
---------
7. Creditors: amounts falling due within one year
2022
2021
£
£
Amounts owed to group undertakings
156
156
Accruals and deferred income
49,572
48,559
Other creditors
42,500
42,500
--------
--------
92,228
91,215
--------
--------
8. Creditors: amounts falling due after more than one year
2022
2021
£
£
Amounts owed to undertakings in which the company has a participating interest
42,500
42,500
--------
--------