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REGISTERED NUMBER: 03608548 (England and Wales)















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: SP Blake





SECRETARY: J Blake





REGISTERED OFFICE: Bathwick House
London Road
Rickmansworth
Hertfordshire
WD3 1JT





REGISTERED NUMBER: 03608548 (England and Wales)





ACCOUNTANTS: Jacksons Accountants (Ascot) Limited
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 1,186,583 1,401,583
Investments 5 120,936 -
1,307,519 1,401,583

CURRENT ASSETS
Debtors 6 139,278 162,212
Cash at bank 66,937 6,390
206,215 168,602
CREDITORS
Amounts falling due within one year 7 154,018 8,319
NET CURRENT ASSETS 52,197 160,283
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,359,716

1,561,866

CREDITORS
Amounts falling due after more than one
year

8

(463,336

)

(579,170

)

PROVISIONS FOR LIABILITIES (165,765 ) (150,622 )
NET ASSETS 730,615 832,074

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 10 700,020 879,948
Retained earnings 30,593 (47,876 )
SHAREHOLDERS' FUNDS 730,615 832,074

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

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


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 17 April 2025 and were signed by:





SP Blake - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost

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 2 (2023 - 2 ) .

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 1,401,583 14,830 1,416,413
Disposals (215,000 ) - (215,000 )
At 31 August 2024 1,186,583 14,830 1,201,413
DEPRECIATION
At 1 September 2023
and 31 August 2024 - 14,830 14,830
NET BOOK VALUE
At 31 August 2024 1,186,583 - 1,186,583
At 31 August 2023 1,401,583 - 1,401,583

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 120,936
At 31 August 2024 120,936
NET BOOK VALUE
At 31 August 2024 120,936

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Amounts due from tenants 1,250 1,050
Other debtors 800 -
Owed by related companies 133,101 148,601
Director's current account - 11,253
Corporation tax - 1,308
Prepayments and accrued income 4,127 -
139,278 162,212

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Corporation tax 20,426 -
Other creditors 800 -
Director's current account 130,264 -
Accrued expenses 2,528 8,319
154,018 8,319

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 463,336 579,170

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 879,948
Revaluation reserve (140,796 )
Deferred tax (39,132 )

At 31 August 2024 700,020

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
£    £   
SP Blake
Balance outstanding at start of year 11,253 20,070
Amounts advanced - 11,253
Amounts repaid (141,517 ) (20,070 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (130,264 ) 11,253

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.