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Company Registration No. 12454310 (England and Wales)
Bait London Limited Unaudited accounts for the year ended 29 February 2024
Bait London Limited Unaudited accounts Contents
Page
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Bait London Limited Company Information for the year ended 29 February 2024
Director
Guy Finkelstein
Company Number
12454310 (England and Wales)
Registered Office
103 High Street Waltham Cross Hertfordshire EN8 7AN United Kingdom
Accountants
Brindley Goldstein Ltd 103 High Street Waltham Cross EN8 7AN
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Bait London Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
892 
854 
Current assets
Debtors
161,500 
4,000 
Cash at bank and in hand
41,139 
168,466 
202,639 
172,466 
Creditors: amounts falling due within one year
(38,849)
(37,313)
Net current assets
163,790 
135,153 
Net assets
164,682 
136,007 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
164,582 
135,907 
Shareholders' funds
164,682 
136,007 
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 September 2024 and were signed on its behalf by
Guy Finkelstein Director Company Registration No. 12454310
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Bait London Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Bait London Limited is a private company, limited by shares, registered in England and Wales, registration number 12454310. The registered office is 103 High Street, Waltham Cross, Hertfordshire, EN8 7AN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% straight line
Computer equipment
33.33% straight line
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
640 
642 
1,282 
Additions
400 
- 
400 
At 29 February 2024
1,040 
642 
1,682 
Depreciation
At 1 March 2023
160 
268 
428 
Charge for the year
148 
214 
362 
At 29 February 2024
308 
482 
790 
Net book value
At 29 February 2024
732 
160 
892 
At 28 February 2023
480 
374 
854 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
161,500 
4,000 
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Bait London Limited Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
13,295 
14,738 
Taxes and social security
24,587 
22,347 
Other creditors
- 
47 
Loans from directors
967 
181 
38,849 
37,313 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Transactions with related parties
The company was under the control of Mr G. Finkelstein throughout the current period. Mr G. Finkelstein is personally interested in 70% of the company's share capital. Mrs M. Finkelstein is personally interested in 30% of the company's share capital. Mr G. Finkelstein received a dividend from the company during the year of £37,800 (2023: £14,,950), Mrs M. Finkelstein received a dividend from the company during the year of £16,200 (2023: £8,050).
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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