Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-03-01falseNo description of principal activity11truetruefalse 07783318 2023-03-01 2024-02-29 07783318 2022-03-01 2023-02-28 07783318 2024-02-29 07783318 2023-02-28 07783318 c:Director1 2023-03-01 2024-02-29 07783318 d:CurrentFinancialInstruments 2024-02-29 07783318 d:CurrentFinancialInstruments 2023-02-28 07783318 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 07783318 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 07783318 d:ShareCapital 2024-02-29 07783318 d:ShareCapital 2023-02-28 07783318 d:RetainedEarningsAccumulatedLosses 2024-02-29 07783318 d:RetainedEarningsAccumulatedLosses 2023-02-28 07783318 c:FRS102 2023-03-01 2024-02-29 07783318 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 07783318 c:FullAccounts 2023-03-01 2024-02-29 07783318 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 07783318 2 2023-03-01 2024-02-29 07783318 6 2023-03-01 2024-02-29 07783318 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 07783318









BACEZZA LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
BACEZZA LTD
REGISTERED NUMBER: 07783318

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
927,198
758,301

  
927,198
758,301

Current assets
  

Debtors: amounts falling due within one year
 5 
222,941
215,440

Cash at bank and in hand
 6 
138,000
23,874

  
360,941
239,314

Creditors: amounts falling due within one year
 7 
(150,208)
(126,565)

Net current assets
  
 
 
210,733
 
 
112,749

Total assets less current liabilities
  
1,137,931
871,050

  

Net assets
  
1,137,931
871,050


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
1,137,929
871,048

  
1,137,931
871,050


Page 1

 
BACEZZA LTD
REGISTERED NUMBER: 07783318
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
H A Saunders
Director

Date: 19 November 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
BACEZZA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Bacezza Ltd is a private company limited by shares. The company was incorporated in England and Wales and the registered address is 43-45 Market Street, Marple, Cheshire, SK6 7AA. The registered number is 07783318.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
BACEZZA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

  
2.6

Taxation

Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the United Kingdom.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.8

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

Page 4

 
BACEZZA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

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.

 
2.11

Creditors

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

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

2024
2023
£
£

Wages and salaries
9,100
9,100

9,100
9,100


The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
BACEZZA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Fixed asset investments








Investments in associates
Listed investments
Total

£
£
£



Cost or valuation


At 1 March 2023
1,000
757,301
758,301


Additions
-
81,806
81,806


Disposals
-
(51,867)
(51,867)


Revaluations
-
138,958
138,958



At 29 February 2024
1,000
926,198
927,198




Page 6

 
BACEZZA LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Debtors

29 February
28 February
2024
2023
£
£


Amounts owed by associated undertakings
222,941
215,440

222,941
215,440



6.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
138,000
23,874

Less: bank overdrafts
(1,745)
-

136,255
23,874



7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Bank overdrafts
1,745
-

Corporation tax
35,280
27,172

Other taxation and social security
1,064
1,012

Other creditors
108,666
98,381

Accruals and deferred income
3,453
-

150,208
126,565



8.


Related party transactions

As at the year end, the Director was owed £108,666 (2023: £98,381) by the company. 

 
Page 7