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Registration number: 09366894

BAAS Publications Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2024

BAAS Publications Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 6

BAAS Publications Ltd

Company Information

Director | Dr Mark Adam McLay

Registered office | Bowland Main B140 Lancaster University Lancaster Lancashire LA1 4YW

Accountants | The Moffatts Partnership LLP Suite 1.1, First Floor Jackson House Sibson Road Sale M33 7RR

BAAS Publications Ltd

(Registration number: 09366894)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Current assets |  |  |
Debtors | 4 | 93,691 | 98,657
Cash at bank and in hand |  | 139,141 | 43,940
|  | 232,832 | 142,597
Creditors: Amounts falling due within one year | 5 | (141,888) | (55,885)
Net assets |  | 90,944 | 86,712
Capital and reserves |  |  |
Called up share capital | 6 | 100 | 100
Retained earnings |  | 90,844 | 86,612
Shareholders' funds |  | 90,944 | 86,712

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 5 June 2025

......................................... Dr Mark Adam McLay Director

BAAS Publications Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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:
Bowland Main B140
Lancaster University
Lancaster
Lancashire
LA1 4YW

These financial statements were authorised for issue by the director on 5 June 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.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for royalties and provision of goods and 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.

Government grants

Government grants are recognised under the accrual model. Income is recognised in the same period that the related expenditure the grant is intended to compensate is incurred.

BAAS Publications Ltd

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

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 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.

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.

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.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

BAAS Publications Ltd

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

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4 | Debtors

Current | 2024 £ | 2023 £
Trade debtors | 8,979 | 53,873
Other debtors | 84,712 | 44,784
| 93,691 | 98,657

5 | Creditors

Creditors: amounts falling due within one year

| Note | 2024 £ | 2023 £
Due within one year |  |  |
Trade creditors |  | - | 474
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 7 | 132,132 | 45,519
Taxation and social security |  | 8,546 | 8,742
Accruals and deferred income |  | 1,210 | 1,150
|  | 141,888 | 55,885

BAAS Publications Ltd

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

6 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100

7 | Related party transactions

Summary of transactions with parent

The parent charity and ultimate controlling party is the British Association of American Studies, which holds 100% of the called up share capital of the company. The company has made a gift aid payment of £69,041 (2022 - £59,375) to the controlling party and also reimburses expenses paid on its behalf. The controlling party has received income on behalf of the company. At the balance sheet date the amount due to the British Association of American Studies was £45,519 (2022 - £27,417).

8 | Parent and ultimate parent undertaking

The company's immediate parent is a charity called the British Association of American Studies, incorporated in England and Wales.