REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended |
31 August 2024 |
for |
Bathwick Properties Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended |
31 August 2024 |
for |
Bathwick Properties Limited |
Bathwick Properties Limited (Registered number: 03608548) |
Contents of the Financial Statements |
for the Year Ended 31 August 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Bathwick Properties Limited |
Company Information |
for the Year Ended 31 August 2024 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
The Old Bakehouse |
Course Road |
Ascot |
Berkshire |
SL5 7HL |
Bathwick Properties Limited (Registered number: 03608548) |
Balance Sheet |
31 August 2024 |
31.8.24 | 31.8.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve | 10 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
Bathwick Properties Limited (Registered number: 03608548) |
Balance Sheet - continued |
31 August 2024 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Bathwick Properties Limited (Registered number: 03608548) |
Notes to the Financial Statements |
for the Year Ended 31 August 2024 |
1. | STATUTORY INFORMATION |
Bathwick Properties Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Plant and machinery | - |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
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. |
Investment property |
Investment property, which is property held to earn rentals and capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account. |
Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Bathwick Properties Limited (Registered number: 03608548) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
4. | TANGIBLE FIXED ASSETS |
Investment | Plant and |
property | machinery | Totals |
£ | £ | £ |
COST |
At 1 September 2023 |
Disposals | ( |
) | ( |
) |
At 31 August 2024 |
DEPRECIATION |
At 1 September 2023 |
and 31 August 2024 |
NET BOOK VALUE |
At 31 August 2024 |
At 31 August 2023 |
The investment property was valued on the basis of open market value for existing use by the director on 31 August 2024. |
5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
Additions |
At 31 August 2024 |
NET BOOK VALUE |
At 31 August 2024 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.24 | 31.8.23 |
£ | £ |
Amounts due from tenants |
Other debtors |
Owed by related companies | 133,101 | 148,601 |
Director's current account | - | 11,253 |
Corporation tax |
Prepayments and accrued income |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.24 | 31.8.23 |
£ | £ |
Corporation tax |
Other creditors |
Director's current account | 130,264 | - |
Accrued expenses |
Bathwick Properties Limited (Registered number: 03608548) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.8.24 | 31.8.23 |
£ | £ |
Mortgage | 463,336 | 579,170 |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Mortgage |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.8.24 | 31.8.23 |
£ | £ |
Mortgage | 463,336 | 579,170 |
The mortgage is secured by a first legal charge over the properties. |
10. | RESERVES |
Fair |
value |
reserve |
£ |
At 1 September 2023 |
Revaluation reserve | (140,796 | ) |
Deferred tax | (39,132 | ) |
At 31 August 2024 |
11. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023: |
31.8.24 | 31.8.23 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) |
Bathwick Properties Limited (Registered number: 03608548) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2024 |
12. | RELATED PARTY DISCLOSURES |
Mr SP Blake has a 100% direct and beneficial interest in Bathwick Corporation Limited and Meet the Author Limited. |
The following transactions took place between the company and its related parties: |
- At 31 August 2024, the company was owed £58,128 (2023: £73,628) by Bathwick Corporation Limited in |
respect of advances. |
- At 31 August 2024, the company was owed £74,973 (2023: £74,973) by Meet The Author Limited in |
respect of advances. |