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COMPANY REGISTRATION NUMBER: 08226536
Bassmead Manor Barns Limited
Filleted Unaudited Financial Statements
For the year ended
30 June 2024
Bassmead Manor Barns Limited
Financial Statements
Year ended 30 June 2024
Contents
Pages
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
3 to 4
Bassmead Manor Barns Limited
Officers and Professional Advisers
THE BOARD OF DIRECTORS
R E B Squire
C A L Squire
REGISTERED OFFICE
Bassmead Manor
Staploe
St Neots
Cambs
PE19 5JB
ACCOUNTANTS
Streets
Chartered Accountants
Potton House
Wyboston Lakes
Great North Road
Wyboston
Bedford
MK44 3BZ
BANKERS
Barclays
7 New Street
St Neots
Cambs
PE19 IAS
Bassmead Manor Barns Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
Current assets
Debtors
5
884,708
456,434
Cash at bank and in hand
153,268
677,741
------------
------------
1,037,976
1,134,175
Creditors: amounts falling due within one year
6
1,028,118
1,123,580
------------
------------
Net current assets
9,858
10,595
-------
--------
Total assets less current liabilities
9,858
10,595
-------
--------
Net assets
9,858
10,595
-------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
9,758
10,495
-------
--------
Shareholders funds
9,858
10,595
-------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 28 February 2025 , and are signed on behalf of the board by:
R E B Squire
Director
Company registration number: 08226536
Bassmead Manor Barns Limited
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bassmead Manor, Staploe, St Neots, Cambs, PE19 5JB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
Demand for the wedding venue remains strong and the company continues to receive deposits for future bookings, with some being three or four years in advance of the event. Cashflow remains strong and the directors are confident that the company can continue to meet its obligations as they fall due for payment and, consequently, the financial statements continue to be prepared on a going concern basis.
Revenue recognition
The turnover shown in the Statement of Income and Retained Earnings represents the hire of the wedding venue. Income is recognised on the date of the wedding.
Defined contribution pension plans
Contributions to defined contribution pension plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Debtors
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
727,591
271,884
Other debtors
157,117
184,550
---------
---------
884,708
456,434
---------
---------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
7,154
5,846
Social security and other taxes
116,831
70,384
Other creditors
904,133
1,047,350
------------
------------
1,028,118
1,123,580
------------
------------
7. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
19,200
----
--------
8. Related party transactions
The company continued to provide an interest-free loan to its parent undertaking, P. Squire Limited, throughout the year. At the reporting date, P. Squire Limited owed the company £727,591 (2023 £271,884).
9. Controlling party
In the directors' opinion the company's immediate and ultimate parent company is P. Squire Limited, a company incorporated in England and Wales, whose registered office is Bassmead Manor, Staploe, St Neots, Cambs, PE19 5JB.