Registered number
03522419
Bartlodge Limited
Filleted Accounts
31 May 2024
Bartlodge Limited
Registered number: 03522419
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 410 482
Investments 4 1 61,706
411 62,188
Current assets
Debtors 5 56 56
Cash at bank and in hand 107 237
163 293
Creditors: amounts falling due within one year 6 (925,536) (924,287)
Net current liabilities (925,373) (923,994)
Net liabilities (924,962) (861,806)
Capital and reserves
Called up share capital 800,000 800,000
Profit and loss account (1,724,962) (1,661,806)
Shareholders' funds (924,962) (861,806)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J A D Croft
Director
Approved by the board on 27 February 2025
Bartlodge Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going Concern
Funds required to continue development work, run the company and meet financing obligations are all met from capital introduced into the company by the director and shareholder, J A D Croft. This financial support is continuing for the foresseable future and the directors therefore consider that it is appropriate to prepare the accounts on a going concern basis.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and fittings 15% reducing balance
Computer equipment 33% reducing balance
Investments
Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company
including directors 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2023 20,930
At 31 May 2024 20,930
Depreciation
At 1 June 2023 20,448
Charge for the year 72
At 31 May 2024 20,520
Net book value
At 31 May 2024 410
At 31 May 2023 482
4 Investments
Other
investments
£
Fair value
At 1 June 2023 61,706
Revaluation (61,705)
At 31 May 2024 1
Historical cost
At 1 June 2023 61,706
At 31 May 2024 61,706
5 Debtors 2024 2023
£ £
Other debtors 56 56
6 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 925,536 924,287
7 Related party transactions
During the year the directors have continued to provide funds to the company on an interest free basis with no set repayment terms. At the period end the company owed the directors £924639 (2023: £921,889).
8 Other information
Bartlodge Limited is a private company limited by shares and incorporated in England. Its registered office is:
Five Oaks
32 Ninhamswood
Farnborough
Kent
BR6 8NJ
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