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REGISTERED NUMBER: 03341985 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

The Batjac Trading Company Limited

The Batjac Trading Company Limited (Registered number: 03341985)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Batjac Trading Company Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: R E Boltwood





SECRETARY: R E Boltwood





REGISTERED OFFICE: The Brambles
West Quantoxhead
Taunton
Somerset
TA4 4DP





REGISTERED NUMBER: 03341985 (England and Wales)





ACCOUNTANTS: More Than Numbers Ltd
18 School Avenue
Basildon
Essex
SS15 6GJ

The Batjac Trading Company Limited (Registered number: 03341985)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,305 8,590
Investments 5 100 -
Investment property 6 490,000 740,000
498,405 748,590

CURRENT ASSETS
Debtors 7 55,598 5,651
Cash at bank 4,683 -
60,281 5,651
CREDITORS
Amounts falling due within one year 8 84,538 181,852
NET CURRENT LIABILITIES (24,257 ) (176,201 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

474,148

572,389

CREDITORS
Amounts falling due after more than one
year

9

(28,009

)

(110,730

)

PROVISIONS FOR LIABILITIES (18,901 ) (37,106 )
NET ASSETS 427,238 424,553

The Batjac Trading Company Limited (Registered number: 03341985)

Balance Sheet - continued
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 40 40
Non-distributable reserve 238,713 410,967
Retained earnings 188,485 13,546
SHAREHOLDERS' FUNDS 427,238 424,553

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 February 2024 and were signed by:





R E Boltwood - Director


The Batjac Trading Company Limited (Registered number: 03341985)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

The Batjac Trading Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about The Batjac Trading Company Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents the fair value of rents receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost
Plant and machinery - 25% on reducing balance
Furniture and fittings - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less accumulated impairment.

Investment property
Investment property is shown at most recent valuation. No depreciation is provided. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

The Batjac Trading Company Limited (Registered number: 03341985)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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, less any provision for impairment, 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.

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, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts 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 payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


The Batjac Trading Company Limited (Registered number: 03341985)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Improvements Furniture
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 April 2022
and 31 March 2023 8,326 2,840 982 12,148
DEPRECIATION
At 1 April 2022 214 2,419 925 3,558
Charge for year 166 105 14 285
At 31 March 2023 380 2,524 939 3,843
NET BOOK VALUE
At 31 March 2023 7,946 316 43 8,305
At 31 March 2022 8,112 421 57 8,590

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 100
At 31 March 2023 100
NET BOOK VALUE
At 31 March 2023 100

The Batjac Trading Company Limited (Registered number: 03341985)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 740,000
Disposals (240,000 )
Revaluations (10,000 )
At 31 March 2023 490,000
NET BOOK VALUE
At 31 March 2023 490,000
At 31 March 2022 740,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2022 490,000

If investment property had not been revalued it would have been included at the following historical cost:

31.3.23 31.3.22
£    £   
Cost 298,064 364,458
Aggregate depreciation (79,925 ) (113,423 )

The fair value of the investment property has been determined by an independent, professionally-qualified valuer, Highfield Investments London Limited, by reference to market prices as at 15 March 2022 which is not considered by the director to be materially different as at 31 March 2023.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors - 910
Amounts owed by group undertakings 52,897 -
Other debtors 2,701 4,741
55,598 5,651

The Batjac Trading Company Limited (Registered number: 03341985)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 4,542 10,606
Other loans - 18,860
Corporation tax 957 406
Social security and other taxes - 1,030
Other creditors - 3,170
Directors' current accounts 75,404 138,531
Accruals and deferred income 3,635 9,249
84,538 181,852

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 4,542 4,486
Bank loans - 2-5 years 13,626 13,457
Bank loans more 5 yr by instal 9,841 14,204
Other loans - 75,440
Other loans more 5yrs instal - 3,143
28,009 110,730

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 9,841 14,204
Other loans more 5yrs instal - 3,143
9,841 17,347

The company received £40,000 during 2020 in relation to a Bounce Back Loan Scheme under which the government made a Business Interruption Payment to cover the first 12 months of interest payments. The loan is repayable over 10 years including a 12 month repayment holiday from the date on which the loan was drawn, and is subject to interest at a rate of 2.5% per year.

The Batjac Trading Company Limited (Registered number: 03341985)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank overdraft - 6,120
Bank loans 32,551 36,633
Other loans - 97,443
32,551 140,196

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, the directors' current account was credited with £1,000 for use of home as office space.

12. RELATED PARTY DISCLOSURES

As the parent company of The Batjac Property Company Limited, the company has availed themselves of exemption under FRS 102 paragraph 33.1A from disclosing transactions with group companies.