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REGISTERED NUMBER: 04371559










Unaudited Financial Statements for the Year Ended 31 January 2024

for

Baccus Management Limited

Baccus Management Limited (Registered number: 04371559)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Baccus Management Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: M S Yarlett
Mrs H J Yarlett





SECRETARY: Mrs H J Yarlett





REGISTERED OFFICE: The Barn House
Pleasley Road
Whiston
ROTHERHAM
S60 4NE





REGISTERED NUMBER: 04371559





ACCOUNTANTS: Parkins Accountants Ltd
T/A, Parkins, Chartered Accountants
Moor Park House
Bawtry Rd
Wickersley
Rotherham
South Yorkshire
S66 2BL

Baccus Management Limited (Registered number: 04371559)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,062 61,328
Investments 5 7,105,000 7,105,000
7,154,062 7,166,328

CURRENT ASSETS
Debtors 6 247,360 247,360
Cash at bank 73,780 182,452
321,140 429,812
CREDITORS
Amounts falling due within one year 7 3,916,016 4,086,876
NET CURRENT LIABILITIES (3,594,876 ) (3,657,064 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,559,186

3,509,264

PROVISIONS FOR LIABILITIES 12,266 11,652
NET ASSETS 3,546,920 3,497,612

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 9 2,512,841 2,512,841
Retained earnings 1,033,079 983,771
SHAREHOLDERS' FUNDS 3,546,920 3,497,612

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Baccus Management Limited (Registered number: 04371559)

Balance Sheet - continued
31 January 2024


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 30 October 2024 and were signed on its behalf by:





M S Yarlett - Director


Baccus Management Limited (Registered number: 04371559)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Baccus Management Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Turnover
Income relates to rents receivable properties within the United Kingdom. The company is not VAT registered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Baccus Management Limited (Registered number: 04371559)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 February 2023
and 31 January 2024 140,914
DEPRECIATION
At 1 February 2023 79,586
Charge for year 12,266
At 31 January 2024 91,852
NET BOOK VALUE
At 31 January 2024 49,062
At 31 January 2023 61,328

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST OR VALUATION
At 1 February 2023
and 31 January 2024 7,105,000
NET BOOK VALUE
At 31 January 2024 7,105,000
At 31 January 2023 7,105,000

Investment properties were revalued by the directors on 31/01/2023. The directors have 30 years experience of the investment property market and have been valued at open market value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 247,360 247,360

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,658,618 2,658,618
Tax 18,544 28,633
Other creditors 63,000 60,000
Directors' current accounts 1,169,119 1,333,492
Accrued expenses 6,735 6,133
3,916,016 4,086,876

Baccus Management Limited (Registered number: 04371559)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 2,658,618 2,658,618

Svenska Handelsbanken AB have provided a revolving credit facility to the company which is secured
by various legal charges dated 15 December 2011.

M S and H J Yarlett hold a second charge over land at Moorgate Road, Rotherham dated 10 August
2006 as security for a specified sum of £1,162,500 of the directors loan account.

M S Yarlett holds a second charge over the land at Moorgate Road, Rotherham dated 23 December
2003 as security for a specified sum of £225,000 of the directors loan account.

9. RESERVES
Revaluation
reserve
£   
At 1 February 2023
and 31 January 2024 2,512,841

10. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.