Battered Sole Limited 05897387 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is to hold shares in investments. Digita Accounts Production Advanced 6.30.9574.0 05897387 2023-09-01 2024-08-31 05897387 2024-08-31 05897387 bus:OrdinaryShareClass1 2024-08-31 05897387 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2024-08-31 05897387 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 05897387 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 05897387 core:AllSubsidiaries 2024-08-31 05897387 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2024-08-31 05897387 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-08-31 05897387 bus:SmallEntities 2023-09-01 2024-08-31 05897387 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 05897387 bus:FilletedAccounts 2023-09-01 2024-08-31 05897387 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 05897387 bus:RegisteredOffice 2023-09-01 2024-08-31 05897387 bus:Director1 2023-09-01 2024-08-31 05897387 bus:Director5 2023-09-01 2024-08-31 05897387 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 05897387 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 05897387 bus:Agent1 2023-09-01 2024-08-31 05897387 core:AllSubsidiaries 2023-09-01 2024-08-31 05897387 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-09-01 2024-08-31 05897387 countries:EnglandWales 2023-09-01 2024-08-31 05897387 2022-09-01 2023-08-31 05897387 2023-08-31 05897387 bus:OrdinaryShareClass1 2023-08-31 05897387 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 05897387 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 05897387 core:AllSubsidiaries 2023-08-31 05897387 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-08-31 05897387 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05897387

Battered Sole Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2024

 

Battered Sole Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Battered Sole Limited

Company Information

Directors

P Pressland

R Bagwell

Registered office

Innovations House
19 Staple Gardens
Winchester
Hampshire
SO23 8SR

Accountants

Tax Innovations Limited Innovations House
19 Staple Gardens
Winchester
Hampshire
SO23 8SR

 

Battered Sole Limited

(Registration number: 05897387)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Other financial assets

4

1,380,875

1,380,875

Current assets

 

Cash at bank and in hand

 

110

148

Creditors: Amounts falling due within one year

5

(742,468)

(741,150)

Net current liabilities

 

(742,358)

(741,002)

Total assets less current liabilities

 

638,517

639,873

Creditors: Amounts falling due after more than one year

5

(654,000)

(654,000)

Net liabilities

 

(15,483)

(14,127)

Capital and reserves

 

Called up share capital

6

2

2

Retained earnings

(15,485)

(14,129)

Shareholders' deficit

 

(15,483)

(14,127)

 

Battered Sole Limited

(Registration number: 05897387)
Balance Sheet as at 31 August 2024

For the financial year ending 31 August 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 year 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 and 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 28 May 2025 and signed on its behalf by:
 

.........................................
R Bagwell
Director

 

Battered Sole Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 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:
Innovations House
19 Staple Gardens
Winchester
Hampshire
SO23 8SR
United Kingdom

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.

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 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.

 

Battered Sole Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 September 2023

1,380,875

1,380,875

At 31 August 2024

1,380,875

1,380,875

Impairment

Carrying amount

At 31 August 2024

1,380,875

1,380,875

 

Battered Sole Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

318

-

Accruals and deferred income

900

900

Other creditors

741,250

740,250

742,468

741,150

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Other financial liabilities

654,000

654,000

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

       
 

Battered Sole Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

7

Related party transactions

Summary of transactions with all entities with joint control or significant interest

Lambert Pressland Limited
(A company 50% controlled by one of the director's)

Flintstone Estates LLP
(A company of which one of the director's is a member)

Provision of a working capital loan with no interest or fixed date of repayment

Summary of transactions with subsidiaries

Phoenix Spencer Sandbanks Ltd
Property development

Expenditure with and payables to related parties

2024

Entities with joint control or significant influence
£

Subsidiary
£

Key management
£

Amounts payable to related party

369,700

654,000

371,551

2023

Entities with joint control or significant influence
£

Subsidiary
£

Key management
£

Amounts payable to related party

369,699

654,000

370,551