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REGISTERED NUMBER: 11829425 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Baahn Limited

Baahn Limited (Registered number: 11829425)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Statement of Changes in Equity 3

Notes to the Financial Statements 4


Baahn Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: D C S Staple
S P Lucking
Mrs A M Lucking
Mrs L J Staple





REGISTERED OFFICE: Santa Maria
Anchor Lane, The Heath
Dedham
Ciolchester
Essex
CO7 6BX





REGISTERED NUMBER: 11829425 (England and Wales)





ACCOUNTANT: Dedham Accountancy & Taxation Services Limited
t/a R J Woods & Co
Santa Maria
Anchor Lane, The Heath
Dedham
Colchester
Essex
CO7 6BX

Baahn Limited (Registered number: 11829425)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £   
CURRENT ASSETS
Stocks 5 1,058,245 957,986
Debtors 6 4,355 832
Cash at bank 83,393 2,645
1,145,993 961,463
CREDITORS
Amounts falling due within one year 7 593,810 874,590
NET CURRENT ASSETS 552,183 86,873
TOTAL ASSETS LESS CURRENT
LIABILITIES

552,183

86,873

CREDITORS
Amounts falling due after more than one
year

8

500,000

-
NET ASSETS 52,183 86,873

CAPITAL AND RESERVES
Called up share capital 9 200,100 200,100
Retained earnings (147,917 ) (113,227 )
SHAREHOLDERS' FUNDS 52,183 86,873

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 1 November 2024 and were signed on its behalf by:



D C S Staple - Director


Baahn Limited (Registered number: 11829425)

Statement of Changes in Equity
for the Year Ended 29 February 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 March 2022 200,100 (78,010 ) 122,090

Changes in equity
Total comprehensive income - (35,217 ) (35,217 )
Balance at 28 February 2023 200,100 (113,227 ) 86,873

Changes in equity
Total comprehensive income - (34,690 ) (34,690 )
Balance at 29 February 2024 200,100 (147,917 ) 52,183

Baahn Limited (Registered number: 11829425)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Baahn Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements are presented in Sterling (£).

The preparation of financial statements in compliance with FRS 102, Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

Going concern:
The directors have considered the company's position at the time of signing the financial statements. The directors have considered the company's financial strength, and have also confirmed that they will continue to financially support the company for the foreseeable future, being at least twelve months from the date of signing these financial statements.
Based on all of this, the directors have concluded that they have a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future. Therefore, they continue to adopt the going concern basis of accounting in preparing these financial statements.

The following principal accounting policies have been applied:

Stocks
Stocks represent the value of the stock of land and property held for development in the course of the ordinary activities of the company. Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Baahn Limited (Registered number: 11829425)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans,are measured at fair value, net of transaction costs and are measured subsequently at amortised cost using the effective interest method.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

5. STOCKS
29.2.24 28.2.23
£    £   
Stocks 1,058,245 957,986

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 4,355 832

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 740 -
Other creditors 593,070 874,590
593,810 874,590

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Other creditors 500,000 -

Other creditors wholly relates to a profit sharing loan in respect of the company's current property development. The loan is unsecured and is repayable by 19 July 2026 or on completion of the development whichever is earlier.

Baahn Limited (Registered number: 11829425)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
200,100 Ordinary 1 200,100 200,100

10. RELATED PARTY DISCLOSURES

Other creditors includes £571,372 (2023: £852,536) in respect of monies loaned to the company by the owners for working capital purposes. These loans are unsecured, interest-free and repayable on demand.