Registered number
10343142
Batu Lapan Limited
Filleted Accounts
30 September 2024
Batu Lapan Limited
Registered number: 10343142
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 1 1
Tangible assets 4 28,510 33,553
28,511 33,554
Current assets
Debtors 5 274,354 306,822
Cash at bank and in hand 38,172 48,053
312,526 354,875
Creditors: amounts falling due within one year 6 (227,398) (251,019)
Net current assets 85,128 103,856
Total assets less current liabilities 113,639 137,410
Creditors: amounts falling due after more than one year 7 (1,062,080) (1,127,273)
Net liabilities (948,441) (989,863)
Capital and reserves
Called up share capital 100,000 100,000
Profit and loss account (1,048,441) (1,089,863)
Shareholders' funds (948,441) (989,863)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr S J Tan Ms S L Lam
Director Director
Approved by the board on 10 May 2025
Batu Lapan Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Improvements to premises over 5 years
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 25 26
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2023 300,000
At 30 September 2024 300,000
Amortisation
At 1 October 2023 299,999
At 30 September 2024 299,999
Net book value
At 30 September 2024 1
At 30 September 2023 1
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 October 2023 62,855 246,023 308,878
Additions - 567 567
At 30 September 2024 62,855 246,590 309,445
Depreciation
At 1 October 2023 40,194 235,131 275,325
Charge for the year 2,060 3,550 5,610
At 30 September 2024 42,254 238,681 280,935
Net book value
At 30 September 2024 20,601 7,909 28,510
At 30 September 2023 22,661 10,892 33,553
5 Debtors 2024 2023
£ £
Trade debtors 345 11,946
Deferred tax asset 160,822 175,729
Other debtors 113,187 119,147
274,354 306,822
Amounts due after more than one year included above 72,000 72,000
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,783 10,783
Trade creditors 60,989 81,557
Other taxes and social security costs 99,253 79,427
Other creditors 56,373 79,252
227,398 251,019
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 198,498 208,564
Other creditors 863,582 918,709
1,062,080 1,127,273
8 Loans 2024 2023
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 186,610 186,610
Secured bank loans 186,610 186,610
Bank Loan 1: is secured by fixed and floating charges over the assets of the company and a personal guarantee of the director. Interest is charged at a variable rate with a term of 15 years.
Bank Loan 2: Interest is charged at fixed rate of 2.5% per annum with a term of 10 years.
9 Related party transactions
As at 30 September 2024, the balance due to the directors amounted to £766,469 (2023 - £814,598) and the balance due to Laksamania Limited, a company under the control of the directors amounted to £22,546 (2023 - £39,171).
10 Controlling party
The company is under the control of the Director, Ms S L Lam by virtue of her shareholidngs.
11 Other information
Batu Lapan Limited is a private company limited by shares and incorporated in England. Its registered office is:
92 - 94 Newman Street
London
W1T 3EZ
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