Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30truefalse2022-12-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.4No description of principal activity4false 11860050 2022-12-01 2023-11-30 11860050 2021-12-01 2022-11-30 11860050 2023-11-30 11860050 2022-11-30 11860050 c:Director1 2022-12-01 2023-11-30 11860050 d:CurrentFinancialInstruments 2023-11-30 11860050 d:CurrentFinancialInstruments 2022-11-30 11860050 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 11860050 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 11860050 d:ShareCapital 2023-11-30 11860050 d:ShareCapital 2022-11-30 11860050 d:RetainedEarningsAccumulatedLosses 2023-11-30 11860050 d:RetainedEarningsAccumulatedLosses 2022-11-30 11860050 c:FRS102 2022-12-01 2023-11-30 11860050 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 11860050 c:FullAccounts 2022-12-01 2023-11-30 11860050 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11860050 2 2022-12-01 2023-11-30 11860050 6 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure
Registered number: 11860050














BAAT LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 NOVEMBER 2023

 
BAAT LIMITED
REGISTERED NUMBER:11860050

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022

Fixed assets
  

Investments
 4 
725
725

  
725
725

Current assets
  

Debtors: amounts falling due within one year
 5 
7,009,451
4,658,123

Cash at bank and in hand
 6 
730,061
113,551

  
7,739,512
4,771,674

Creditors: amounts falling due within one year
 7 
(4,836,949)
(2,064,815)

Net current assets
  
 
 
2,902,563
 
 
2,706,859

Total assets less current liabilities
  
2,903,288
2,707,584

  

Net assets
  
£2,903,288
£2,707,584


Capital and reserves
  

Called up share capital 
  
450
450

Profit and loss account
  
2,902,838
2,707,134

  
£2,903,288
£2,707,584


Page 1

 
BAAT LIMITED
REGISTERED NUMBER:11860050

BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 August 2024.




___________________________
Barry George Bushell
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
BAAT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

BAAT Limited is a private limited company incorporated in England & Wales registration number 11860050. The registered office of the company is Midland House, 98 Cheriton Road, Folkestone, Kent, CT20 2QH. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

Page 3

 
BAAT LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)


2.8
Financial instruments (continued)

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the Statement of income and retained earnings if the shares are publicly traded or their fair value can otherwise be measured reliably;
at cost less impairment for all other investments.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an 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.

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or income as appropriate. The company does not currently apply hedge accounting for interest rate and foreign exchange derivatives.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 -4).

Page 4

 
BAAT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Fixed asset investments





Investments in subsidiary companies



Cost or valuation


At 1 December 2022
725



At 30 November 2023
£725





5.


Debtors

2023
2022


Amounts owed by group undertakings
6,909,451
4,558,123

Other debtors
100,000
100,000

£7,009,451
£4,658,123



6.


Cash and cash equivalents

2023
2022

Cash at bank and in hand
£730,060
£113,551



7.


Creditors: Amounts falling due within one year

2023
2022

Amounts owed to group undertakings
425
32,090

Other creditors
4,829,282
2,028,192

Accruals and deferred income
7,242
4,533

£4,836,949
£2,064,815



8.


Related party transactions

During the year the company received working capital loans from Champion & Bushell Limited of £4,750,000 (2022: £2,000,000) and interest of £79,282 (2022: £21,507) was charged. Mr B Bushell and A Willett are directors and shareholders in both companies. 


Page 5