1 February 2023 v2024.53.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP125030412023-02-012024-01-31125030412024-01-31125030412023-01-3112503041core:WithinOneYear2024-01-3112503041core:WithinOneYear2023-01-3112503041core:ShareCapital2024-01-3112503041core:ShareCapital2023-01-3112503041core:RetainedEarningsAccumulatedLosses2024-01-3112503041core:RetainedEarningsAccumulatedLosses2023-01-3112503041bus:Director12023-02-012024-01-3112503041bus:RegisteredOffice2023-02-012024-01-31125030412022-02-012023-01-3112503041core:CostValuation2023-02-0112503041core:CostValuation2024-01-311250304112023-02-012024-01-3112503041countries:EnglandWales2023-02-012024-01-3112503041bus:AuditExemptWithAccountantsReport2023-02-012024-01-3112503041bus:PrivateLimitedCompanyLtd2023-02-012024-01-3112503041bus:SmallEntities2023-02-012024-01-3112503041bus:FullAccounts2023-02-012024-01-31
Company registration number:
12503041
Bavarian Holdings Ltd
Unaudited Filleted Financial Statements for the year ended
31 January 2024
Bavarian Holdings Ltd
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Bavarian Holdings Ltd
Year ended
31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the
financial statements
of
Bavarian Holdings Ltd
for the year ended
31 January 2024
which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
Bavarian Holdings Ltd
, as a body. My work has been undertaken solely to prepare for your approval the
financial statements
of
Bavarian Holdings Ltd
and state those matters that I have agreed to state to the Board of Directors of
Bavarian Holdings Ltd
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
Bavarian Holdings Ltd
and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that
Bavarian Holdings 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 profit of
Bavarian Holdings Ltd
. You consider that
Bavarian Holdings Ltd
is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Bavarian Holdings Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Saturn Accountancy Services Limited
Old Farm, Marsh Lane
Burgh Castle
Great Yarmouth
Norfolk
NR31 9QH
United Kingdom
Date:
26 October 2024
Bavarian Holdings Ltd
Statement of Financial Position
31 January 2024
20242023
Note££
Fixed assets    
Investments 5
50
 
50
 
Current assets    
Cash at bank and in hand
44,088
 
30,469
 
Creditors: amounts falling due within one year 6
(16,205
)
(15,377
)
Net current assets
27,883
 
15,092
 
Total assets less current liabilities 27,933   15,142  
Capital and reserves    
Called up share capital
1
 
1
 
Profit and loss account
27,932
 
15,141
 
Shareholders funds
27,933
 
15,142
 
For the year ending
31 January 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
26 October 2024
, and are signed on behalf of the board by:
J Murray
Director
Company registration number:
12503041
Bavarian Holdings Ltd
Notes to the Financial Statements
Year ended
31 January 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
115 Constitution Hill
,
Sprowston
,
Norwich
,
Norfolk
,
NR6 7RN
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.
All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2023:
1.00
).

5 Investments

Shares in group undertakings and participating interests
£
Cost  
At
1 February 2023
50
 
At
31 January 2024
50
 
Impairment  
At
1 February 2023
and
31 January 2024
-  
Carrying amount  
At
31 January 2024
50
 
At 31 January 2023
50
 

6 Creditors: amounts falling due within one year

20242023
££
Amounts owed to group undertakings and undertakings in which the company has a participating interest
9,336
 
8,654
 
Taxation and social security
1,366
 
767
 
Other creditors
5,503
 
5,956
 
16,205
 
15,377
 

8 Controlling party

The ultimate controlling party is the sole shareholder and director, J Murray.