Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-30falseNo description of principal activity2023-12-01false44trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11860050 2023-12-01 2024-11-30 11860050 2022-12-01 2023-11-30 11860050 2024-11-30 11860050 2023-11-30 11860050 c:Director1 2023-12-01 2024-11-30 11860050 d:CurrentFinancialInstruments 2024-11-30 11860050 d:CurrentFinancialInstruments 2023-11-30 11860050 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 11860050 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 11860050 d:ShareCapital 2024-11-30 11860050 d:ShareCapital 2023-11-30 11860050 d:RetainedEarningsAccumulatedLosses 2024-11-30 11860050 d:RetainedEarningsAccumulatedLosses 2023-11-30 11860050 c:FRS102 2023-12-01 2024-11-30 11860050 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 11860050 c:FullAccounts 2023-12-01 2024-11-30 11860050 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 11860050 2 2023-12-01 2024-11-30 11860050 6 2023-12-01 2024-11-30 11860050 e:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure
Registered number: 11860050














BAAT LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 NOVEMBER 2024

 
BAAT LIMITED
REGISTERED NUMBER:11860050

BALANCE SHEET
AS AT 30 NOVEMBER 2024

2024
2023
£
£

Fixed assets
  

Investments
 4 
400
725

  
400
725

Current assets
  

Debtors: amounts falling due within one year
 5 
5,345,709
7,009,451

Cash at bank and in hand
 6 
1,660,344
730,061

  
7,006,053
7,739,512

Creditors: amounts falling due within one year
 7 
(4,402,865)
(4,836,649)

Net current assets
  
 
 
2,603,188
 
 
2,902,863

Total assets less current liabilities
  
2,603,588
2,903,588

  

Net assets
  
£2,603,588
£2,903,588


Capital and reserves
  

Called up share capital 
  
750
750

Profit and loss account
  
2,602,838
2,902,838

  
£2,603,588
£2,903,588


Page 1

 
BAAT LIMITED
REGISTERED NUMBER:11860050

BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 July 2025.




___________________________
Barry George Bushell
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
BAAT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

BAAT Limited is a private limited company incorporated in England & Wales registration number 11860050. The registered office of the company is Midland House, 98 Cheriton Road, Folkestone, Kent, CT20 2QH. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
BAAT LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the year was 4 (2023 - 4).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 December 2023
725


Disposals
(325)



At 30 November 2024
£400





5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
5,314,037
6,909,451

Other debtors
9,172
100,000

Prepayments and accrued income
22,500
-

£5,345,709
£7,009,451



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
£1,660,344
£730,061


Page 4

 
BAAT LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
100
425

Other creditors
4,399,727
4,829,282

Accruals and deferred income
3,038
6,942

£4,402,865
£4,836,649



8.


Related party transactions

During the year the company received working capital loans from Champion & Bushell Limited of £4,750,000 (2023: £4,750,000) and interest of £176,369 (2023: £79,282) was charged. Mr B Bushell and A Willett are directors and shareholders in both companies. 


9.
Controlling party

Mr B G Bushell, a director of the company has control of the company as a result of controlling 51% of the issued share capital in the company.



Page 5