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Company Registration No. 08887603 (England and Wales)
Baxdet Limited Unaudited accounts for the year ended 29 February 2024
Baxdet Limited Unaudited accounts Contents
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Baxdet Limited Company Information for the year ended 29 February 2024
Directors
M Guerrieri MG Investments London Limited
Company Number
08887603 (England and Wales)
Registered Office
Churchill House 137-139 Brent Street London NW4 4DJ
Accountants
Clearfin Accountants Limited Churchill House 137-139 Brent Street London NW4 4DJ
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Baxdet Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
1,054,245 
1,054,245 
Current assets
Debtors
270,854 
265,191 
Cash at bank and in hand
21,225 
21,012 
292,079 
286,203 
Creditors: amounts falling due within one year
(11,309)
(7,388)
Net current assets
280,770 
278,815 
Net assets
1,335,015 
1,333,060 
Capital and reserves
Called up share capital
50 
50 
Share premium
1,269,100 
1,269,100 
Profit and loss account
65,865 
63,910 
Shareholders' funds
1,335,015 
1,333,060 
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 directors acknowledge their 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 of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by
M Guerrieri Director Company Registration No. 08887603
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Baxdet Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Baxdet Limited is a private company, limited by shares, registered in England and Wales, registration number 08887603. The registered office is Churchill House, 137-139 Brent Street, London, NW4 4DJ.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Investment property
2024 
£ 
Fair value at 1 March 2023
1,054,245 
At 29 February 2024
1,054,245 
The investment properties were valued by the director on an open market for existing use basis.
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
268,248 
262,585 
Other debtors
2,606 
2,606 
270,854 
265,191 
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Baxdet Limited Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
3,576 
3,576 
Taxes and social security
458 
543 
Other creditors
4,395 
1,829 
Accruals
2,880 
1,440 
11,309 
7,388 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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