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Company registration number: 14792736

Bar Bidco Limited

Filleted Annual Report and Financial Statements

for the Period from 1 May 2024 to 31 December 2024

 

Bar Bidco Limited

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 6

 

Bar Bidco Limited

(Registration number: 14792736)
Balance Sheet as at 31 December 2024

Note

31 December
2024
£

30 April
2024
£

Fixed assets

 

Investments

4

12,396,407

12,367,200

Current assets

 

Debtors

5

1,704,079

1,507,283

Creditors: Amounts falling due within one year

6

(1,803,040)

(1,603,008)

Net current liabilities

 

(98,961)

(95,725)

Total assets less current liabilities

 

12,297,446

12,271,475

Creditors: Amounts falling due after more than one year

6

(12,583,071)

(11,624,519)

Net (liabilities)/assets

 

(285,625)

646,956

Capital and reserves

 

Called up share capital

30,348

32,332

Share premium reserve

504,677

458,693

Capital redemption reserve

474

-

Profit and loss account

(821,124)

155,931

Total equity

 

(285,625)

646,956

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The option not to file the profit and loss account and directors’ report has been taken.

Approved and authorised by the Board on 27 May 2025 and signed on its behalf by:
 


E R Foges
Director

   
 

Bar Bidco Limited

Notes to the Financial Statements
for the Period from 1 May 2024 to 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Equity House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX
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.

These financial statements are presented in Sterling (£).

Going concern

Management have prepared forecasts and cashflows to demonstrate that profits will be generated from the trading entities within the group.

Management have therefore prepared the fincial statements have been prepared on a going concern basis.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Bar Bidco Limited

Notes to the Financial Statements
for the Period from 1 May 2024 to 31 December 2024

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Assets held under hire purchase agreements are capitalised as tangible fixed assets with the future obligation being recognised as a liability. Finance costs are recognised in the Profit and Loss Account calculated at a constant periodic rate of interest over the term of the liability.

Reserves

Called up share capital represents the nominal value of shares that have been issued.

Share premium account includes any premiums received on the issue of share capital. Transaction costs associated with the issuing of shares are deducted from the share premium.

Profit and loss account includes all current and prior period profits and losses.

Capital redemption reserve records the nominal value of shares repurchased by the company.

 

Bar Bidco Limited

Notes to the Financial Statements
for the Period from 1 May 2024 to 31 December 2024

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period was 8 (2024 - 8).

4

Investments

31 December
2024
£

30 April
2024
£

Investments in subsidiaries

12,396,407

12,367,200

Subsidiaries

£

Cost or valuation

At 1 May 2024

12,367,200

Additions

29,207

At 31 December 2024

12,396,407

Carrying amount

At 31 December 2024

12,396,407

At 30 April 2024

12,367,200

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2024

2024

Subsidiary undertakings

European Administration Limited

Same as company

Ordinary shares

100%

100%

 

     

Clerksroom Direct Limited

Same as company

Ordinary shares

100%

100%

 

     

Mybarrister Limited

Same as company

Ordinary shares

100%

100%

 

     
 

Bar Bidco Limited

Notes to the Financial Statements
for the Period from 1 May 2024 to 31 December 2024

5

Debtors

Current

31 December
2024
£

30 April
2024
£

Amounts owed by group undertakings and undertakings in which the group has a participating interest

1,507,241

1,294,895

Other debtors

196,838

212,388

 

1,704,079

1,507,283

6

Creditors

Creditors: amounts falling due within one year

31 December
2024
£

30 April
2024
£

Due within one year

Amounts owed to group undertakings and undertakings in which the company has a participating interest

1,268,340

1,002,227

Accruals and deferred income

-

80,650

Other creditors

534,700

520,131

1,803,040

1,603,008

7

Loans and borrowings

Non-current loans and borrowings

31 December
2024
£

30 April
2024
£

Other borrowings

12,583,071

11,624,519

Other borrowings

Other loans with a carrying amount of £12,583,071 (2024 - £11,624,519) are denominated in £ with a nominal interest rate of 12%. The final instalment is due on 31 December 2028.

Security has been provided by the company in respect of £12,148,486 (30 April 2024 - £11,152,149), of the other borrowings by way of fixed and floating charges over all assets of the company.

 

Bar Bidco Limited

Notes to the Financial Statements
for the Period from 1 May 2024 to 31 December 2024

8

Related party transactions

Transactions with directors

2024

At 1 May 2024
£

Advances to director
£

Repayments by director
£

At 31 December 2024
£

E R Foges

Interest bearing loan

-

50,945

(13,637)

37,308

The company has taken advantage of the exemption in FRS 102 paragraph 33.1A from disclosing transactions with wholly owned subsidiaries.

9

Audit Report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 4 June 2025 was Christopher Walford ACA, who signed for and on behalf of Albert Goodman LLP.