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Registration number: 07138035

Baggette & Company Wealth Management Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Baggette & Company Wealth Management Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Baggette & Company Wealth Management Limited

Company Information

Directors

OM Hjalmas

J L Hjalmas

Registered office

North House Braeside Business Park
Sterte Avenue West
Poole
Dorset
BH15 2BX

Accountants

Addicus Plus Limited
Chartered Certified Accountants4 The Axium Centre Dorchester Road
Lytchett Minster
Poole
Dorset
BH16 6FE

 

Baggette & Company Wealth Management Limited

(Registration number: 07138035)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

5

26,545

30,203

Investments

6

586,510

646,884

 

613,055

677,087

Current assets

 

Debtors

7

65,702

19,888

Cash at bank and in hand

 

587,791

394,374

 

653,493

414,262

Creditors: Amounts falling due within one year

8

(432,178)

(311,696)

Net current assets

 

221,315

102,566

Total assets less current liabilities

 

834,370

779,653

Creditors: Amounts falling due after more than one year

8

(313,171)

(491,171)

Net assets

 

521,199

288,482

Capital and reserves

 

Called up share capital

25,000

25,000

Retained earnings

496,199

263,482

Shareholders' funds

 

521,199

288,482

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

 

Baggette & Company Wealth Management Limited

(Registration number: 07138035)
Balance Sheet as at 31 March 2025

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 9 July 2025 and signed on its behalf by:
 

OM Hjalmas
Director

J L Hjalmas
Director

 
     
 

Baggette & Company Wealth Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

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

The address of its registered office is:
North House Braeside Business Park
Sterte Avenue West
Poole
Dorset
BH15 2BX

These financial statements were authorised for issue by the Board on 9 July 2025.

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Baggette & Company Wealth Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% on reducing balance

Motor vehicles

25% on reducing balance

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

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.

Dividends on equity securities are recognised in income when receivable.

 

Baggette & Company Wealth Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 21 (2024 - 18).

 

Baggette & Company Wealth Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2024

271,822

271,822

At 31 March 2025

271,822

271,822

Amortisation

At 1 April 2024

271,822

271,822

At 31 March 2025

271,822

271,822

Carrying amount

At 31 March 2025

-

-

5

Tangible assets

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2024

82,941

33,500

116,441

Additions

13,578

-

13,578

Disposals

-

(33,500)

(33,500)

At 31 March 2025

96,519

-

96,519

Depreciation

At 1 April 2024

63,338

22,900

86,238

Charge for the year

6,636

-

6,636

Eliminated on disposal

-

(22,900)

(22,900)

At 31 March 2025

69,974

-

69,974

Carrying amount

At 31 March 2025

26,545

-

26,545

At 31 March 2024

19,603

10,600

30,203

 

Baggette & Company Wealth Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Investments

2025
£

2024
£

Investments in subsidiaries

586,510

646,884

Subsidiaries

£

Cost or valuation

At 1 April 2024

646,884

Revaluation

(65,168)

Additions

4,794

At 31 March 2025

586,510

Provision

Carrying amount

At 31 March 2025

586,510

At 31 March 2024

646,884

7

Debtors

Note

2025
£

2024
£

Amounts owed by related parties

10

9,972

180

Prepayments

 

45,088

19,708

Accrued income

 

10,642

-

 

65,702

19,888

 

Baggette & Company Wealth Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

9

128,000

146,504

Trade creditors

 

37,217

13,192

Taxation and social security

 

222,149

128,293

Accruals and deferred income

 

31,830

17,072

Other creditors

 

12,982

6,635

 

432,178

311,696

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

9

128,000

256,000

Amounts owed to related parties

10

185,171

235,171

 

313,171

491,171

9

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Other borrowings

128,000

256,000

Current loans and borrowings

2025
£

2024
£

Hire purchase contracts

-

18,504

Other borrowings

128,000

128,000

128,000

146,504

 

Baggette & Company Wealth Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

10

Related party transactions

Loans to related parties

2025

Subsidiary
£

Total
£

At start of period

180

180

Advanced

9,972

9,972

Repaid

(180)

(180)

At end of period

9,972

9,972

2024

Parent
£

Subsidiary
£

Total
£

At start of period

221,995

-

221,995

Advanced

-

180

180

Repaid

(221,995)

-

(221,995)

At end of period

-

180

180

Loans from related parties

2025

Parent
£

Total
£

At start of period

235,171

235,171

Repaid

(50,000)

(50,000)

At end of period

185,171

185,171

2024

Parent
£

Total
£

Advanced

240,000

240,000

Repaid

(4,829)

(4,829)

At end of period

235,171

235,171