Company registration number 8722481 (England and Wales)
BAGATELLE ESTATES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
BAGATELLE ESTATES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
BAGATELLE ESTATES LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
5
814,427
1,379,486
Cash at bank and in hand
5,645
3,506
820,072
1,382,992
Creditors: amounts falling due within one year
6
(678,450)
(1,271,849)
Net current assets
141,622
111,143
Creditors: amounts falling due after more than one year
7
(46,957)
(52,356)
Net assets
94,665
58,787
Capital and reserves
Called up share capital
8
1
1
Profit and loss reserves
94,664
58,786
Total equity
94,665
58,787

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

The financial statements were approved and signed by the director and authorised for issue on 15 November 2023
Mr S F McCaul
Director
Company Registration No. 8722481
BAGATELLE ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
1
Accounting policies
Company information

Bagatelle Estates Limited is a private company limited by shares incorporated in England and Wales. The registered office is Redwaters c/o R Swain and Sons, Manchester Freight Terminal., Chaddock Lane, Worsley, Greater Mancheser, M28 1DL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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 £.

1.2
Turnover

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

 

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer equipment
25% straight line
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

BAGATELLE ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 3 -

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.4
Taxation
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.5
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.6
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
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.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
BAGATELLE ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 4 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 and 31 March 2023
1,982
Depreciation and impairment
At 1 April 2022 and 31 March 2023
1,982
Carrying amount
At 31 March 2023
-
0
At 31 March 2022
-
0
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
219,999
159,998
Corporation tax recoverable
115,087
115,087
Other debtors
479,341
1,104,401
814,427
1,379,486
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
10,262
10,262
Trade creditors
6,403
2,641
Corporation tax
138,046
135,984
Other taxation and social security
12,432
16,303
Other creditors
511,307
1,106,659
678,450
1,271,849
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
46,957
52,356
BAGATELLE ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 5 -
8
Called up share capital
2023
2022
£
£
Ordinary share capital
Issued and not fully paid
1 Ordinary of £1 each
1
1
2023-03-312022-04-01false15 November 2023CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr S F McCaulfalse87224812022-04-012023-03-3187224812023-03-3187224812022-03-318722481core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-318722481core:CurrentFinancialInstrumentscore:WithinOneYear2022-03-318722481core:Non-currentFinancialInstrumentscore:AfterOneYear2023-03-318722481core:Non-currentFinancialInstrumentscore:AfterOneYear2022-03-318722481core:CurrentFinancialInstruments2023-03-318722481core:CurrentFinancialInstruments2022-03-318722481core:ShareCapital2023-03-318722481core:ShareCapital2022-03-318722481core:RetainedEarningsAccumulatedLosses2023-03-318722481core:RetainedEarningsAccumulatedLosses2022-03-318722481bus:Director12022-04-012023-03-318722481core:ComputerEquipment2022-04-012023-03-3187224812021-04-012022-03-318722481core:OtherPropertyPlantEquipment2022-03-318722481core:OtherPropertyPlantEquipment2023-03-318722481core:OtherPropertyPlantEquipment2022-03-318722481core:WithinOneYear2023-03-318722481core:WithinOneYear2022-03-318722481core:Non-currentFinancialInstruments2023-03-318722481core:Non-currentFinancialInstruments2022-03-318722481bus:PrivateLimitedCompanyLtd2022-04-012023-03-318722481bus:SmallCompaniesRegimeForAccounts2022-04-012023-03-318722481bus:FRS1022022-04-012023-03-318722481bus:AuditExemptWithAccountantsReport2022-04-012023-03-318722481bus:FullAccounts2022-04-012023-03-31xbrli:purexbrli:sharesiso4217:GBP