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Registered number: 07877681
Bardier Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07877681
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,244 82,516
Investment Properties 5 370,119 225,000
376,363 307,516
CURRENT ASSETS
Debtors 6 3,392 12,964
Cash at bank and in hand 13,836 63,672
17,228 76,636
Creditors: Amounts Falling Due Within One Year 7 (38,723 ) (55,065 )
NET CURRENT ASSETS (LIABILITIES) (21,495 ) 21,571
TOTAL ASSETS LESS CURRENT LIABILITIES 354,868 329,087
Creditors: Amounts Falling Due After More Than One Year 8 (8,143 ) (13,721 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (14,976 ) (11,719 )
NET ASSETS 331,749 303,647
CAPITAL AND RESERVES
Called up share capital 100 100
Fair Value Reserve 44,657 47,877
Profit and Loss Account 286,992 255,670
SHAREHOLDERS' FUNDS 331,749 303,647
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr T J Kinch
Director
11/09/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Bardier Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07877681 . The registered office is 5 Cornfield Terrace, Eastbourne, East Sussex, BN21 4NN.
The presentation currency of the financial statements is the Pound Sterling (£).  
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. When the consideration receivable in cash or cash equivalents is deferred, and the arrangement constitutes in effect a financing transaction, the fair value of the consideration is measured as the present value of all future receipts determined using an imputed rate of interest, normally the rate that discounts the nominal amount of consideration to the cash sales price.
The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the company's activities of the actual completion of a proportion of the total services to be rendered.
When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.
2.3. Tangible Fixed Assets and Depreciation
At each balance sheet date the company reviews the carrying amounts of its property, plant and equipment to determine whether there is any indication that any items of property, plant and equipment have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss if any. If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.
Depreciation is recognised so as to write off the valuation of assets less their residual values over their useful lives on the following bases:
Office 10 year straight line basis upon completion
Plant & Machinery 15% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 33.33% on cost
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Page 4
2.4. Investment Properties
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.
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
2.5. Taxation
Taxation represents the sum of the tax currently payable and deferred tax.
The company's liability to tax is calculated using the tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on all timing differences between the carrying amounts of the assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period to which the liability is settled or the asset realised, based on tax rates and laws that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2022: 1)
1 1
4. Tangible Assets
Land & Property
Office Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 74,495 6,938 2,684 12,364 96,481
Additions - - - 550 550
Transfers (74,495 ) - - - (74,495 )
As at 31 December 2023 - 6,938 2,684 12,914 22,536
Depreciation
As at 1 January 2023 - 1,926 1,619 10,420 13,965
Provided during the period - 752 267 1,308 2,327
As at 31 December 2023 - 2,678 1,886 11,728 16,292
Net Book Value
As at 31 December 2023 - 4,260 798 1,186 6,244
As at 1 January 2023 74,495 5,012 1,065 1,944 82,516
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5. Investment Property
2023
£
Fair Value
As at 1 January 2023 225,000
Additions 70,624
Transfers 74,495
As at 31 December 2023 370,119
The director valued the properties at the year end on a fair value basis.
If the assets had been included at historical cost, the value would have been £312,047 (2022: £166,928).
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 9,885
VAT 3,392 -
Director's loan account - 3,079
3,392 12,964
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors - 824
Bank loans and overdrafts 5,578 5,440
Corporation tax 31,646 34,706
VAT - 6,183
Other creditors - 6,822
Accruals and deferred income 1,155 1,090
Director's loan account 344 -
38,723 55,065
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 8,143 13,721
8,143 13,721
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Page 6
9. Directors Advances, Credits and Guarantees
At the start of the year there was an amount owing from the Director, Mr T Kinch, totalling £3,814. This loan was repaid in full in the year. Interest has been charged at the HMRC official rate of interest on the original loan in the year amounting to £62 (2022 - £76). At the year end, the company owed amounts totalling £343 to the director.
10. Related Party Transactions
During the year the company raised invoices to a connected company totalling £80,166. At the year end there was no amounts due from the connected company. All invoices raised were at market value.
During the year the company raised invoices to a connected company totalling £91,125. At the year end there was no amounts receivable from the connected company. All invoices raised were at market value.
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