0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 01483905 2023-01-01 2023-12-31 01483905 2023-12-31 01483905 2022-12-31 01483905 2022-01-01 2022-12-31 01483905 2022-12-31 01483905 2021-12-31 01483905 bus:LeadAgentIfApplicable 2023-01-01 2023-12-31 01483905 bus:Director1 2023-01-01 2023-12-31 01483905 core:WithinOneYear 2023-12-31 01483905 core:WithinOneYear 2022-12-31 01483905 core:AfterOneYear 2023-12-31 01483905 core:AfterOneYear 2022-12-31 01483905 core:ShareCapital 2023-12-31 01483905 core:ShareCapital 2022-12-31 01483905 core:RetainedEarningsAccumulatedLosses 2023-12-31 01483905 core:RetainedEarningsAccumulatedLosses 2022-12-31 01483905 bus:SmallEntities 2023-01-01 2023-12-31 01483905 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 01483905 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 01483905 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01483905 bus:AbridgedAccounts 2023-01-01 2023-12-31
STATEMENT OF CONSENT TO PREPARE ABRIDGED FINANCIAL STATEMENTS
All of the members of Bastion Equity Limited have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.
COMPANY REGISTRATION NUMBER: 01483905
BASTION EQUITY LIMITED
FILLETED UNAUDITED ABRIDGED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 December 2023
BASTION EQUITY LIMITED
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ABRIDGED FINANCIAL STATEMENTS OF BASTION EQUITY LIMITED
YEAR ENDED 31 DECEMBER 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of Bastion Equity Limited for the year ended 31 December 2023, which comprise the abridged statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
LANGARD LIFFORD HALL LIMITED Accountants and Registered Auditors
Lifford Hall Lifford Lane Kings Norton Birmingham B30 3JN
5 February 2024
BASTION EQUITY LIMITED
ABRIDGED STATEMENT OF FINANCIAL POSITION
31 December 2023
2023
2022
Note
£
£
£
£
Current assets
Stocks
49,313
59,463
Debtors
514,628
692,445
Cash at bank and in hand
1,372,359
1,427,554
--------------
--------------
1,936,300
2,179,462
Creditors: amounts falling due within one year
2,852
6,222
--------------
--------------
Net current assets
1,933,448
2,173,240
--------------
--------------
Total assets less current liabilities
1,933,448
2,173,240
Creditors: amounts falling due after more than one year
6,300,000
6,300,000
--------------
--------------
Net liabilities
( 4,366,552)
( 4,126,760)
--------------
--------------
Capital and reserves
Called up share capital
2,744
2,744
Profit and loss account
( 4,369,296)
( 4,129,504)
--------------
--------------
Shareholders deficit
( 4,366,552)
( 4,126,760)
--------------
--------------
These abridged financial statements have been prepared and delivered 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'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the 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 abridged financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
BASTION EQUITY LIMITED
ABRIDGED STATEMENT OF FINANCIAL POSITION (continued)
31 December 2023
These abridged financial statements were approved by the board of directors and authorised for issue on 5 February 2024 , and are signed on behalf of the board by:
J Cowley
Director
Company registration number: 01483905
BASTION EQUITY LIMITED
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
1. General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lifford Hall, Lifford Lane, Kings Norton, Birmingham, B30 3JN.
2. Statement of Compliance
These abridged 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 abridged 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 abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
These accounts have been prepared on a going concern basis following assurances from the director of his ongoing financial support.
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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
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 entity after deducting all of its financial liabilities.
4. Director's Advances, Credits and Guarantees
Amounts owed to the director at the balance sheet date are included in creditors and totalled £39. (2022: £39)