IRIS Accounts Production v24.1.9.2 01163892 Board of Directors 1.1.23 31.12.23 31.12.23 true false true false false true false Fair value model 344314 33974 310340 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh011638922022-12-31011638922023-12-31011638922023-01-012023-12-31011638922021-12-31011638922022-01-012022-12-31011638922022-12-3101163892ns15:EnglandWales2023-01-012023-12-3101163892ns14:PoundSterling2023-01-012023-12-3101163892ns10:Director12023-01-012023-12-3101163892ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3101163892ns10:SmallEntities2023-01-012023-12-3101163892ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3101163892ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3101163892ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3101163892ns10:FullAccounts2023-01-012023-12-310116389242ns10:Director22023-01-012023-12-310116389242ns10:Director22023-12-3101163892ns10:Director22023-01-012023-12-3101163892ns10:CompanySecretary12023-01-012023-12-3101163892ns10:RegisteredOffice2023-01-012023-12-3101163892ns5:CurrentFinancialInstruments2023-12-3101163892ns5:CurrentFinancialInstruments2022-12-3101163892ns5:ShareCapital2023-12-3101163892ns5:ShareCapital2022-12-3101163892ns5:RetainedEarningsAccumulatedLosses2023-12-3101163892ns5:RetainedEarningsAccumulatedLosses2022-12-3101163892ns5:LeaseholdImprovements2023-01-012023-12-3101163892ns5:PlantMachinery2023-01-012023-12-3101163892ns5:FurnitureFittings2023-01-012023-12-3101163892ns5:MotorVehicles2023-01-012023-12-3101163892ns5:LeaseholdImprovements2022-12-3101163892ns5:PlantMachinery2022-12-3101163892ns5:FurnitureFittings2022-12-3101163892ns5:MotorVehicles2022-12-3101163892ns5:LeaseholdImprovements2023-12-3101163892ns5:PlantMachinery2023-12-3101163892ns5:FurnitureFittings2023-12-3101163892ns5:MotorVehicles2023-12-3101163892ns5:LeaseholdImprovements2022-12-3101163892ns5:PlantMachinery2022-12-3101163892ns5:FurnitureFittings2022-12-3101163892ns5:MotorVehicles2022-12-3101163892ns5:CostValuation2022-12-3101163892ns5:AdditionsToInvestments2023-12-3101163892ns5:DisposalsRepaymentsInvestments2023-12-3101163892ns5:RevaluationsIncreaseDecreaseInInvestments2023-12-3101163892ns5:CostValuation2023-12-3101163892ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3101163892ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3101163892ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-12-3101163892ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2022-12-31011638921ns10:Director12022-12-31011638921ns10:Director12021-12-31011638921ns10:Director12023-01-012023-12-31011638921ns10:Director12022-01-012022-12-31011638921ns10:Director12023-12-31011638921ns10:Director12022-12-31
REGISTERED NUMBER: 01163892 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BADDOW INVESTMENTS LIMITED

BADDOW INVESTMENTS LIMITED (REGISTERED NUMBER: 01163892)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


BADDOW INVESTMENTS LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: Mr D W Shaw
Mrs C A Shaw





SECRETARY: Mr D W Shaw





REGISTERED OFFICE: 50-51 Hungate
Pickering
North Yorkshire
YO18 7DG





REGISTERED NUMBER: 01163892 (England and Wales)

BADDOW INVESTMENTS LIMITED (REGISTERED NUMBER: 01163892)

STATEMENT OF FINANCIAL POSITION
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 40,257 39,187
Investments 5 690,922 194,368
Investment property 6 1,941,965 2,056,000
2,673,144 2,289,555

CURRENT ASSETS
Inventories 386,975 361,975
Debtors 7 760,448 1,727,290
Cash at bank and in hand 1,427,683 970,007
2,575,106 3,059,272
CREDITORS
Amounts falling due within one year 8 19,471 26,523
NET CURRENT ASSETS 2,555,635 3,032,749
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,228,779

5,322,304

ACCRUALS AND DEFERRED INCOME 17,389 28,229
NET ASSETS 5,211,390 5,294,075

CAPITAL AND RESERVES
Called up share capital 340 340
Retained earnings 5,211,050 5,293,735
SHAREHOLDERS' FUNDS 5,211,390 5,294,075

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 August 2024 and were signed on its behalf by:




Mr D W Shaw - Director


BADDOW INVESTMENTS LIMITED (REGISTERED NUMBER: 01163892)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023


1. STATUTORY INFORMATION

Baddow Investments 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

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 - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

BADDOW INVESTMENTS LIMITED (REGISTERED NUMBER: 01163892)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method.

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 32,597 58,380 14,169 32,000 137,146
Additions 8,500 3,354 - - 11,854
At 31 December 2023 41,097 61,734 14,169 32,000 149,000
DEPRECIATION
At 1 January 2023 30,843 41,368 13,248 12,500 97,959
Charge for year 1,147 4,532 230 4,875 10,784
At 31 December 2023 31,990 45,900 13,478 17,375 108,743
NET BOOK VALUE
At 31 December 2023 9,107 15,834 691 14,625 40,257
At 31 December 2022 1,754 17,012 921 19,500 39,187

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 January 2023 194,368 - 194,368
Additions - 566,057 566,057
Disposals - (76,007 ) (76,007 )
Revaluations - 6,504 6,504
At 31 December 2023 194,368 496,554 690,922
NET BOOK VALUE
At 31 December 2023 194,368 496,554 690,922
At 31 December 2022 194,368 - 194,368

BADDOW INVESTMENTS LIMITED (REGISTERED NUMBER: 01163892)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 December 2023 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2023 - 6,504 6,504
Cost 194,368 490,050 684,418
194,368 496,554 690,922

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 2,056,000
Disposals (235,000 )
Revaluations 120,965
At 31 December 2023 1,941,965
NET BOOK VALUE
At 31 December 2023 1,941,965
At 31 December 2022 2,056,000

Investment property was valued on an open market basis on 31 December 2023 by D W Shaw F.R.I.C.S. I.R.R.V.

7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings 437,174 1,716,113
Other debtors 319,447 4,712
756,621 1,720,825

Amounts falling due after more than one year:
Other debtors 3,827 6,465

Aggregate amounts 760,448 1,727,290

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 906
Taxation and social security 3,113 264
Other creditors 16,358 25,353
19,471 26,523

BADDOW INVESTMENTS LIMITED (REGISTERED NUMBER: 01163892)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr D W Shaw and Mrs C A Shaw
Balance outstanding at start of year - -
Amounts advanced 344,314 -
Amounts repaid (33,974 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 310,340 -

Interest is paid on overdrawn directors' loan account balances at HMRC's official rates of interest for beneficial loans arrangements.