Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-01falseNo description of principal activity00falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08512220 2023-07-01 2024-06-30 08512220 2022-07-01 2023-06-30 08512220 2024-06-30 08512220 2023-06-30 08512220 c:Exceptional 1 2023-07-01 2024-06-30 08512220 c:Exceptional 1 2022-07-01 2023-06-30 08512220 e:Director1 2023-07-01 2024-06-30 08512220 c:FreeholdInvestmentProperty 2023-07-01 2024-06-30 08512220 c:FreeholdInvestmentProperty 2024-06-30 08512220 c:FreeholdInvestmentProperty 2023-06-30 08512220 c:CurrentFinancialInstruments 2024-06-30 08512220 c:CurrentFinancialInstruments 2023-06-30 08512220 c:Non-currentFinancialInstruments 2024-06-30 08512220 c:Non-currentFinancialInstruments 2023-06-30 08512220 c:CurrentFinancialInstruments c:WithinOneYear 2024-06-30 08512220 c:CurrentFinancialInstruments c:WithinOneYear 2023-06-30 08512220 c:Non-currentFinancialInstruments c:AfterOneYear 2024-06-30 08512220 c:Non-currentFinancialInstruments c:AfterOneYear 2023-06-30 08512220 c:UKTax 2023-07-01 2024-06-30 08512220 c:UKTax 2022-07-01 2023-06-30 08512220 c:ShareCapital 2024-06-30 08512220 c:ShareCapital 2023-06-30 08512220 c:RetainedEarningsAccumulatedLosses 2024-06-30 08512220 c:RetainedEarningsAccumulatedLosses 2023-06-30 08512220 e:FRS102 2023-07-01 2024-06-30 08512220 e:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 08512220 e:FullAccounts 2023-07-01 2024-06-30 08512220 e:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 08512220 4 2023-07-01 2024-06-30 08512220 c:OtherDeferredTax 2024-06-30 08512220 c:OtherDeferredTax 2023-06-30 08512220 f:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 08512220










BATHURST ENTERPRISE LTD








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 30 June 2024

 
BATHURST ENTERPRISE LTD
 
 
  
Report to the director on the preparation of the unaudited statutory financial statements of Bathurst Enterprise Ltd for the Year Ended 30 June 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bathurst Enterprise Ltd for the year ended 30 June 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountantswe are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html.

This report is made solely to the director of Bathurst Enterprise Ltd in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Bathurst Enterprise Ltd and state those matters that we have agreed to state to the director of Bathurst Enterprise Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal .com/content/dam/ACCA_Global /Technical /fact/technical-factsheet -163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bathurst Enterprise Ltd and its director for our work or for this report. 

It is your duty to ensure that Bathurst Enterprise Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bathurst Enterprise Ltd. You consider that Bathurst Enterprise Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Bathurst Enterprise Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  

Accshire Accountancy LLP
4 March 2025
Page 1

 
BATHURST ENTERPRISE LTD
Registered number: 08512220

Balance sheet
As at 30 June 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 6 
1
1

Investment property
 7 
9,545,000
9,960,000

  
9,545,001
9,960,001

Current assets
  

Stocks
 8 
2,172,244
1,328,839

Debtors: amounts falling due within one year
 9 
1,023,282
974,660

Bank and cash balances
  
720,687
1,375,246

  
3,916,213
3,678,745

Creditors: amounts falling due within one year
 10 
(2,091,485)
(2,267,394)

Net current assets
  
 
 
1,824,728
 
 
1,411,351

Total assets less current liabilities
  
11,369,729
11,371,352

Creditors: amounts falling due after more than one year
 11 
(5,858,115)
(5,941,484)

Provisions for liabilities
  

Deferred tax
 12 
(302,769)
(302,769)

  
 
 
(302,769)
 
 
(302,769)

Net assets
  
5,208,845
5,127,099


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
5,208,843
5,127,097

  
5,208,845
5,127,099


Page 2

 
BATHURST ENTERPRISE LTD
Registered number: 08512220
    
Balance sheet (continued)
As at 30 June 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 his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

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 comprehensive income 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: 

Mark Hamburger
Director

Date: 4 March 2025

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
BATHURST ENTERPRISE LTD
 
 
 
Notes to the financial statements
For the Year Ended 30 June 2024

1.


General information

Bathurst Enterprise Ltd is a company incorporated in England and Wales under the Companies Act. The company's registered number and office is shown on the company information page. The principal activity of the company is that of property investment.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.3

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
BATHURST ENTERPRISE LTD
 
 
 
Notes to the financial statements
For the Year Ended 30 June 2024

2.Accounting policies (continued)

  
2.5
Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties. 
Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. 
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method.
 

  
2.6
Reserves

The company's reserves are as follows:
• Called up share capital represents the nominal value of the shares issued
• Profit and Loss Account represents cummulative profits or losses, net of dividends and other adjustments.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss 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 income 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 countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 5

 
BATHURST ENTERPRISE LTD
 
 
 
Notes to the financial statements
For the Year Ended 30 June 2024

2.Accounting policies (continued)

  
2.8
Turnover

Turnover represents gross rental income from the letting of property and 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.  

 
2.9

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.10

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.


Other operating income

2024
2023
£
£

Other operating income
412,661
758,467

Sale of investment property
6,964
-

419,625
758,467


Other operating income represents profit on sale of property stocks.


4.


Employees

2024
2023
£
£

Wages and salaries
26,627
-

26,627
-


The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

Page 6

 
BATHURST ENTERPRISE LTD
 
 
 
Notes to the financial statements
For the Year Ended 30 June 2024

5.


Taxation


2024
2023
£
£

Corporation tax


Current tax on profits for the year
95,000
117,644

Adjustments in respect of previous periods
-
(941)


95,000
116,703


Total current tax
95,000
116,703





6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 July 2023
1



At 30 June 2024
1





7.


Investment property


Freehold investment property

£



Valuation


At 1 July 2023
9,960,000


Disposals
(415,000)



At 30 June 2024
9,545,000

The 2024 valuations were made by the director, on an open market value for existing use basis.




Page 7

 
BATHURST ENTERPRISE LTD
 
 
 
Notes to the financial statements
For the Year Ended 30 June 2024

8.


Stocks

2024
2023
£
£

Property stocks
2,172,244
1,328,839

2,172,244
1,328,839



9.


Debtors

2024
2023
£
£


Other debtors
1,023,282
974,660

1,023,282
974,660



10.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
214,045
377,623

Other creditors
1,862,440
1,879,771

Accruals and deferred income
15,000
10,000

2,091,485
2,267,394


Other creditors include £1,698,770 (2023 - £1,657,513) due to companies under common control of the director.


11.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
5,858,115
5,941,484

5,858,115
5,941,484


The bank loans are secured on some of the company's properties.


12.


Deferred taxation

Page 8

 
BATHURST ENTERPRISE LTD
 
 
 
Notes to the financial statements
For the Year Ended 30 June 2024
 
12.Deferred taxation (continued)




2024


£






At beginning of year
(302,769)



At end of year
(302,769)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Revaluation of investment property
(302,769)
(302,769)

(302,769)
(302,769)

 
Page 9