Bagots Park Sporting Services Limited 07934883 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is that of operating game shooting days for syndicate and corporate teams. Digita Accounts Production Advanced 6.30.9574.0 true true 07934883 2022-03-01 2023-02-28 07934883 2023-02-28 07934883 core:RetainedEarningsAccumulatedLosses 2023-02-28 07934883 core:ShareCapital 2023-02-28 07934883 core:CurrentFinancialInstruments 2023-02-28 07934883 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 07934883 core:FurnitureFittingsToolsEquipment 2023-02-28 07934883 core:LandBuildings 2023-02-28 07934883 bus:SmallEntities 2022-03-01 2023-02-28 07934883 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 07934883 bus:FullAccounts 2022-03-01 2023-02-28 07934883 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 07934883 bus:RegisteredOffice 2022-03-01 2023-02-28 07934883 bus:Director2 2022-03-01 2023-02-28 07934883 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 07934883 core:FurnitureFittings 2022-03-01 2023-02-28 07934883 core:FurnitureFittingsToolsEquipment 2022-03-01 2023-02-28 07934883 core:LandBuildings 2022-03-01 2023-02-28 07934883 core:PlantMachinery 2022-03-01 2023-02-28 07934883 countries:AllCountries 2022-03-01 2023-02-28 07934883 2022-02-28 07934883 core:FurnitureFittingsToolsEquipment 2022-02-28 07934883 core:LandBuildings 2022-02-28 07934883 2021-03-01 2022-02-28 07934883 2022-02-28 07934883 core:RetainedEarningsAccumulatedLosses 2022-02-28 07934883 core:ShareCapital 2022-02-28 07934883 core:CurrentFinancialInstruments 2022-02-28 07934883 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 07934883 core:FurnitureFittingsToolsEquipment 2022-02-28 07934883 core:LandBuildings 2022-02-28 iso4217:GBP xbrli:pure

Registration number: 07934883

Bagots Park Sporting Services Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2023

 

Bagots Park Sporting Services Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Bagots Park Sporting Services Limited

Company Information

Director

Mr F D Dale

Registered office

Gamekeepers Cottage
Grange Road
Knightley
Stafford
ST20 0JU

Accountants

Ballards LLP
Chartered Accountants
Oakmoore Court
11C Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH

 

Bagots Park Sporting Services Limited

(Registration number: 07934883)
Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

-

19,333

Current assets

 

Debtors

5

-

3,700

Cash at bank and in hand

 

-

776

 

-

4,476

Creditors: Amounts falling due within one year

6

(71)

(6,521)

Net current liabilities

 

(71)

(2,045)

Net (liabilities)/assets

 

(71)

17,288

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(171)

17,188

Shareholders' (deficit)/funds

 

(71)

17,288

For the financial year ending 28 February 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 23 February 2024
 

.........................................
Mr F D Dale
Director

   
 

Bagots Park Sporting Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

1

General information

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

The address of its registered office is:
Gamekeepers Cottage
Grange Road
Knightley
Stafford
ST20 0JU

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

 

Bagots Park Sporting Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

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

Improvements to property

10% on reducing balance

Fixtures and fittings

25% on reducing balance

Plant and machinery

25% on reducing balance

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

3

Staff numbers

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

 

Bagots Park Sporting Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2022

35,275

32,813

68,088

Disposals

(35,275)

(32,813)

(68,088)

At 28 February 2023

-

-

-

Depreciation

At 1 March 2022

22,342

26,413

48,755

Charge for the year

1,294

1,600

2,894

Eliminated on disposal

(23,636)

(28,013)

(51,649)

At 28 February 2023

-

-

-

Carrying amount

At 28 February 2023

-

-

-

At 28 February 2022

12,933

6,400

19,333

5

Debtors

2023
£

2022
£

Owed by related parties

-

3,700

Total current trade and other debtors

-

3,700

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Amounts owed to related parties

71

4,122

Other creditors

-

2,399

71

6,521