Baggerman Property Services Limited 12898840 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is letting and operating of real estate. Digita Accounts Production Advanced 6.30.9574.0 true 12898840 2023-01-01 2023-12-31 12898840 2023-12-31 12898840 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 12898840 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 12898840 core:LandBuildings core:LongLeaseholdAssets 2023-12-31 12898840 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-31 12898840 bus:SmallEntities 2023-01-01 2023-12-31 12898840 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 12898840 bus:FullAccounts 2023-01-01 2023-12-31 12898840 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12898840 bus:RegisteredOffice 2023-01-01 2023-12-31 12898840 bus:Director1 2023-01-01 2023-12-31 12898840 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12898840 core:LandBuildings core:LongLeaseholdAssets 2023-01-01 2023-12-31 12898840 core:LandBuildings core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12898840 core:LeaseholdImprovements 2023-01-01 2023-12-31 12898840 countries:EnglandWales 2023-01-01 2023-12-31 12898840 2022-12-31 12898840 core:LandBuildings core:LongLeaseholdAssets 2022-12-31 12898840 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-31 12898840 2022-01-01 2022-12-31 12898840 2022-12-31 12898840 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 12898840 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 12898840 core:LandBuildings core:LongLeaseholdAssets 2022-12-31 12898840 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 12898840

Baggerman Property Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Baggerman Property Services Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Baggerman Property Services Limited

(Registration number: 12898840)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

255,705

259,302

Current assets

 

Cash at bank and in hand

 

1,162

373

Creditors: Amounts falling due within one year

5

(1,750)

(1,440)

Net current liabilities

 

(588)

(1,067)

Total assets less current liabilities

 

255,117

258,235

Creditors: Amounts falling due after more than one year

5

(247,106)

(251,201)

Net assets

 

8,011

7,034

Capital and reserves

 

Called up share capital

10

10

Retained earnings

8,001

7,024

Shareholders' funds

 

8,011

7,034

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 February 2024
 

.........................................
J B Baggerman
Director

 

Baggerman Property Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the rental of the property owned. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Property improvements

5% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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.

 

Baggerman Property Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Tangible assets

Land and buildings
£

Property improvements
£

Total
£

Cost or valuation

At 1 January 2023

193,522

71,890

265,412

At 31 December 2023

193,522

71,890

265,412

Depreciation

At 1 January 2023

-

6,110

6,110

Charge for the year

-

3,597

3,597

At 31 December 2023

-

9,707

9,707

Carrying amount

At 31 December 2023

193,522

62,183

255,705

At 31 December 2022

193,522

65,780

259,302

Included within the net book value of land and buildings above is £193,522 (2022 - £193,522) in respect of freehold land and buildings and £62,183 (2022 - £65,780) in respect of property improvements.
 

 

Baggerman Property Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Other creditors

1,750

1,440

Creditors: amounts falling due after more than one year

2023
£

2022
£

Due after one year

Other non-current financial liabilities

247,106

251,201

6

Related party transactions

During the year the company charged Baggerman Wealth Management Ltd (an entity under the control of key management personnel) rent of £25,000 (2022: £19,200). At the balance sheet date there was an amount owed to Baggerman Wealth Management Ltd of £247,106 (2022: £251,201).