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REGISTERED NUMBER: 14525411 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE PERIOD

6 DECEMBER 2022 TO 31 DECEMBER 2023

FOR

BAINS CO (NORTHANTS) LIMITED

BAINS CO (NORTHANTS) LIMITED (REGISTERED NUMBER: 14525411)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 6 DECEMBER 2022 TO 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BAINS CO (NORTHANTS) LIMITED

COMPANY INFORMATION
FOR THE PERIOD 6 DECEMBER 2022 TO 31 DECEMBER 2023







DIRECTORS: S S Bains
P Bains





REGISTERED OFFICE: Chowns Mill Business Park Station Road
Irthlingborough
Wellingborough
Northamptonshire
NN9 5QQ





REGISTERED NUMBER: 14525411 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA

BAINS CO (NORTHANTS) LIMITED (REGISTERED NUMBER: 14525411)

BALANCE SHEET
31 DECEMBER 2023

Notes £    £   
FIXED ASSETS
Investments 4 1,120,000

CURRENT ASSETS
Cash at bank 4,677

CREDITORS
Amounts falling due within one year 5 1,125,380
NET CURRENT LIABILITIES (1,120,703 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(703

)

CAPITAL AND RESERVES
Called up and paid share capital 100
Retained earnings (803 )
(703 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2024 and were signed on its behalf by:





S S Bains - Director


BAINS CO (NORTHANTS) LIMITED (REGISTERED NUMBER: 14525411)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 6 DECEMBER 2022 TO 31 DECEMBER 2023


1. STATUTORY INFORMATION

Bains Co (Northants) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Going concern
The financial statements have been prepared on the going concern concept. This assumes that the company will achieve a profitable level of trading and will continue to enjoy the support of it's bankers and creditors. The financial statements do not account for any adjustments that would be required if the company was unable to achieve these objectives.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. FIXED ASSET INVESTMENTS

Equity investments are initially recognised at cost and subsequently measured at fair value through profit and loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably which are recognised at cost less impairment until a reliable measure of fair value becomes available.

BAINS CO (NORTHANTS) LIMITED (REGISTERED NUMBER: 14525411)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 6 DECEMBER 2022 TO 31 DECEMBER 2023


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed to participating interests 1,124,900
Other creditors 480
1,125,380

6. RELATED PARTY DISCLOSURES

During the period the company operated a loan with a company in which have common directors and shareholders. The loan had no fixed terms of repayment or interest. Amounts advanced during the period were £1,124,000 and repayments during the period were nil. At the year end the amount owing to the company was £1,124,000.