IRIS Accounts Production v24.1.9.2 11069194 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh110691942023-03-31110691942024-03-31110691942023-04-012024-03-31110691942022-03-31110691942022-04-012023-03-31110691942023-03-3111069194ns15:EnglandWales2023-04-012024-03-3111069194ns14:PoundSterling2023-04-012024-03-3111069194ns10:Director12023-04-012024-03-3111069194ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3111069194ns10:SmallEntities2023-04-012024-03-3111069194ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3111069194ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3111069194ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3111069194ns10:FullAccounts2023-04-012024-03-311106919412023-04-012024-03-3111069194ns10:Director22023-04-012024-03-3111069194ns10:RegisteredOffice2023-04-012024-03-3111069194ns5:CurrentFinancialInstruments2024-03-3111069194ns5:CurrentFinancialInstruments2023-03-3111069194ns5:ShareCapital2024-03-3111069194ns5:ShareCapital2023-03-3111069194ns5:RetainedEarningsAccumulatedLosses2024-03-3111069194ns5:RetainedEarningsAccumulatedLosses2023-03-3111069194ns5:NetGoodwill2023-04-012024-03-3111069194ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3111069194ns5:ComputerSoftware2023-04-012024-03-3111069194ns5:PlantMachinery2023-04-012024-03-3111069194ns5:NetGoodwill2023-03-3111069194ns5:IntangibleAssetsOtherThanGoodwill2023-03-3111069194ns5:NetGoodwill2024-03-3111069194ns5:IntangibleAssetsOtherThanGoodwill2024-03-3111069194ns5:NetGoodwill2023-03-3111069194ns5:IntangibleAssetsOtherThanGoodwill2023-03-3111069194ns5:LandBuildings2023-03-3111069194ns5:PlantMachinery2023-03-3111069194ns5:LandBuildings2023-04-012024-03-3111069194ns5:LandBuildings2024-03-3111069194ns5:PlantMachinery2024-03-3111069194ns5:LandBuildings2023-03-3111069194ns5:PlantMachinery2023-03-3111069194ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3111069194ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 11069194 (England and Wales)










BATH LIBERTY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






BATH LIBERTY LTD (REGISTERED NUMBER: 11069194)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

BATH LIBERTY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: J Shah
Mrs M Groves





REGISTERED OFFICE: C/O Bevan Buckland LLP
Ground Floor, Cardigan House
Swansea
SA7 9LA





REGISTERED NUMBER: 11069194 (England and Wales)





ACCOUNTANTS: Bevan Buckland LLP
Ground Floor Cardigan House
Castle Court
Swansea Enterprise Park
Swansea
SA7 9LA

BATH LIBERTY LTD (REGISTERED NUMBER: 11069194)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 192,336 246,011
Tangible assets 5 1,710,366 1,718,622
1,902,702 1,964,633

CURRENT ASSETS
Stocks 1,500 1,200
Debtors 6 2,326 2,085
Cash at bank 26,188 53,547
30,014 56,832
CREDITORS
Amounts falling due within one year 7 1,901,610 1,899,280
NET CURRENT LIABILITIES (1,871,596 ) (1,842,448 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,106

122,185

PROVISIONS FOR LIABILITIES 8,670 8,587
NET ASSETS 22,436 113,598

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 22,316 113,478
22,436 113,598

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

BATH LIBERTY LTD (REGISTERED NUMBER: 11069194)

BALANCE SHEET - continued
31 MARCH 2024



The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2024 and were signed on its behalf by:





J Shah - Director


BATH LIBERTY LTD (REGISTERED NUMBER: 11069194)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Bath Liberty Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised at point of sale. Bookings are taken in advance before the financial year end and the income is deferred to the following period.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% reducing balance and Straight line over 4 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

BATH LIBERTY LTD (REGISTERED NUMBER: 11069194)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Government grants
Government grants towards revenue items are released to the profit and loss account when the expenditure is incurred.

Cash at bank and cash in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at transaction price.

Provision for liabilities
Provisions are recognised when the company has a present obligation (legal and constructive) from a past event that will probably result in a transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.

Functional and Presentation Currency
The company's functional and presentation currency is pounds sterling.

Going Concern
The accounts have been prepared on the going concern basis, on the understanding that the director and shareholder will continue to financially support the company for a period of 12 months from the date of these financial statements.

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 statement of financial position 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
Basic financial assets, which include trade and other receivables 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.

Trade debtors, loans and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as 'loans and receivables'. Loans and receivables are measured at amortised cost using the effective interest method, less any impairment.

Interest is recognised by applying the effective interest rate, except for short-term receivables when the recognition of interest would be immaterial. The effective interest method is a method of calculating the amortised cost of a debt instrument and of allocating the interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the debt instrument to the net carrying amount on initial recognition.

BATH LIBERTY LTD (REGISTERED NUMBER: 11069194)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities
Basic financial liabilities, including trade and other payables, bank loans 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 receipts discounted at a market rate of interest.

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

Trade payables 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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 536,751 1,050 537,801
AMORTISATION
At 1 April 2023 290,740 1,050 291,790
Charge for year 53,675 - 53,675
At 31 March 2024 344,415 1,050 345,465
NET BOOK VALUE
At 31 March 2024 192,336 - 192,336
At 31 March 2023 246,011 - 246,011

BATH LIBERTY LTD (REGISTERED NUMBER: 11069194)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. INTANGIBLE FIXED ASSETS - continued




5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 1,675,686 176,023 1,851,709
Additions - 2,924 2,924
At 31 March 2024 1,675,686 178,947 1,854,633
DEPRECIATION
At 1 April 2023 - 133,087 133,087
Charge for year - 11,180 11,180
At 31 March 2024 - 144,267 144,267
NET BOOK VALUE
At 31 March 2024 1,675,686 34,680 1,710,366
At 31 March 2023 1,675,686 42,936 1,718,622

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,326 2,085

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 1,866,610 1,842,610
Taxation and social security 17,953 36,498
Other creditors 17,047 20,172
1,901,610 1,899,280

8. RELATED PARTY DISCLOSURES

Included in creditors is an amount of £1,866,610 (2023: £1,842,609) due to Willow White Ltd it's parent company.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BATH LIBERTY LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bath Liberty Ltd for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Bath Liberty Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bath Liberty Ltd and state those matters that we have agreed to state to the Board of Directors of Bath Liberty Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bath Liberty Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bath Liberty Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Bath Liberty Ltd. You consider that Bath Liberty Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bath Liberty Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bevan Buckland LLP
Ground Floor Cardigan House
Castle Court
Swansea Enterprise Park
Swansea
SA7 9LA


14 August 2024