Bantam Investments Limited 13100111 false 2023-01-01 2024-05-31 2024-05-31 The principal activity of the company is buying and selling of own real estate. Digita Accounts Production Advanced 6.30.9574.0 true 13100111 2023-01-01 2024-05-31 13100111 2024-05-31 13100111 bus:Director1 1 2024-05-31 13100111 bus:Director2 1 2024-05-31 13100111 bus:Director3 1 2024-05-31 13100111 bus:Director4 1 2024-05-31 13100111 bus:OrdinaryShareClass1 2024-05-31 13100111 core:CurrentFinancialInstruments 2024-05-31 13100111 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 13100111 core:LandBuildings 2024-05-31 13100111 bus:SmallEntities 2023-01-01 2024-05-31 13100111 bus:AuditExemptWithAccountantsReport 2023-01-01 2024-05-31 13100111 bus:FullAccounts 2023-01-01 2024-05-31 13100111 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2024-05-31 13100111 bus:RegisteredOffice 2023-01-01 2024-05-31 13100111 bus:Director1 2023-01-01 2024-05-31 13100111 bus:Director1 1 2023-01-01 2024-05-31 13100111 bus:Director2 2023-01-01 2024-05-31 13100111 bus:Director2 1 2023-01-01 2024-05-31 13100111 bus:Director3 2023-01-01 2024-05-31 13100111 bus:Director3 1 2023-01-01 2024-05-31 13100111 bus:Director4 2023-01-01 2024-05-31 13100111 bus:Director4 1 2023-01-01 2024-05-31 13100111 bus:OrdinaryShareClass1 2023-01-01 2024-05-31 13100111 bus:PrivateLimitedCompanyLtd 2023-01-01 2024-05-31 13100111 core:LandBuildings 2023-01-01 2024-05-31 13100111 countries:EnglandWales 2023-01-01 2024-05-31 13100111 2022-12-31 13100111 bus:Director1 1 2022-12-31 13100111 bus:Director2 1 2022-12-31 13100111 bus:Director3 1 2022-12-31 13100111 bus:Director4 1 2022-12-31 13100111 core:LandBuildings 2022-12-31 13100111 2022-01-01 2022-12-31 13100111 2022-12-31 13100111 bus:Director1 1 2022-12-31 13100111 bus:Director2 1 2022-12-31 13100111 bus:Director3 1 2022-12-31 13100111 bus:Director4 1 2022-12-31 13100111 bus:OrdinaryShareClass1 2022-12-31 13100111 core:CurrentFinancialInstruments 2022-12-31 13100111 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 13100111 core:LandBuildings 2022-12-31 13100111 bus:Director1 1 2022-01-01 2022-12-31 13100111 bus:Director2 1 2022-01-01 2022-12-31 13100111 bus:Director3 1 2022-01-01 2022-12-31 13100111 bus:Director4 1 2022-01-01 2022-12-31 13100111 bus:Director1 1 2021-12-31 13100111 bus:Director2 1 2021-12-31 13100111 bus:Director3 1 2021-12-31 13100111 bus:Director4 1 2021-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13100111

Bantam Investments Limited

Unaudited Filleted Financial Statements

for the Period from 1 January 2023 to 31 May 2024

 

Bantam Investments Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Bantam Investments Limited

Company Information

Directors

Richard Isaac Hemingway

Mr Clive Scrivener

Alexander Richard Lewis

Paul Teijeiro

Registered office

Woodfords Solicitors Llp
11 Harwood Road
London
SW6 4QP

Accountants

Michaelides Warner & Co
102 Fulham Palace Road
London
W6 9PL

 

Bantam Investments Limited

(Registration number: 13100111)
Balance Sheet as at 31 May 2024

Note

2024
£

2022
£

Fixed assets

 

Tangible assets

4

125,000

77,952

Current assets

 

Debtors

5

10

10

Cash at bank and in hand

 

2,188

9,466

 

2,198

9,476

Creditors: Amounts falling due within one year

6

(66,269)

(71,428)

Net current liabilities

 

(64,071)

(61,952)

Total assets less current liabilities

 

60,929

16,000

Provisions for liabilities

(8,939)

-

Net assets

 

51,990

16,000

Capital and reserves

 

Called up share capital

7

10

10

Other reserves

38,109

-

Retained earnings

13,871

15,990

Shareholders' funds

 

51,990

16,000

For the financial period ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 February 2025 and signed on its behalf by:
 

 

Bantam Investments Limited

(Registration number: 13100111)
Balance Sheet as at 31 May 2024

.........................................
Paul Teijeiro
Director

 

Bantam Investments Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Woodfords Solicitors Llp
11 Harwood Road
London
SW6 4QP
England

These financial statements were authorised for issue by the Board on 27 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Bantam Investments Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 31 May 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Bantam Investments Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 31 May 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 4 (2022 - 4).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 January 2023

77,952

77,952

Revaluations

47,048

47,048

At 31 May 2024

125,000

125,000

Depreciation

Carrying amount

At 31 May 2024

125,000

125,000

At 31 December 2022

77,952

77,952

Included within the net book value of land and buildings above is £125,000 (2022 - £77,952) in respect of freehold land and buildings.
 

5

Debtors

Current

2024
£

2022
£

Other debtors

10

10

 

10

10

 

Bantam Investments Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 31 May 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2022
£

Due within one year

Trade creditors

-

1,410

Taxation and social security

-

3,750

Accruals and deferred income

1,200

1,200

Other creditors

65,069

65,068

66,269

71,428

Creditors: amounts falling due after more than one year

2024
£

2022
£

7

Share capital

Allotted, called up and fully paid shares

 

2024

2022

 

No.

£

No.

£

Share Capital of £0.01 each

1,000

10

1,000

10

         
 

Bantam Investments Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 31 May 2024

8

Related party transactions

Transactions with directors

2024

At 1 January 2023
£

Advances to director
£

Repayments by director
£

At 31 May 2024
£

Richard Isaac Hemingway

Amount owed to or ( from) the director

35,818

(22,804)

-

13,014

         
       

Paul Teijeiro

Amount owed to or (from) the director

16,250

(3,236)

-

13,014

         
       

Mr Clive Scrivener

Amount owed to or (from) the director

6,500

-

6,514

13,014

         
       

Alexander Richard Lewis

Amount owed to or (from) the director

6,500

-

6,514

13,014

         
       

 

2022

At 1 January 2022
£

At 31 December 2022
£

Richard Isaac Hemingway

Amount owed to or ( from) the director

35,818

35,818

     
   

Paul Teijeiro

Amount owed to or (from) the director

16,250

16,250

     
   

Mr Clive Scrivener

Amount owed to or (from) the director

6,500

6,500

     
   

Alexander Richard Lewis

Amount owed to or (from) the director

6,500

6,500