Bauer Group Limited 31/12/2024 iXBRL

Company registration number: 03168464

Bauer Group Limited

Unaudited financial statements

31 December 2024

Bauer Group Limited

Contents

Directors and other information

Directors report

Accountant's report

Statement of income and retained earnings

Statement of financial position

Statement of cash flows

Notes to the financial statements

Bauer Group Limited

Directors and other information


	Directors
		Mr David Reed
		Mr Anthony McClellan
		Mr James Hill


	Secretary	Mrs A Davies


	Company number	03168464


	Registered office	Chappell House
		The Green
		Datchet
		SL3 9EH


	Business address	Chappell House
		The Green
		Datchet
		SL3 9EH


	Accountant	Accendo Accountants Ltd
		1st Floor
		7 Lion Street
		Abergavenny
		Monmouthshire
		NP7 5PH




	Bankers	National Westminster Bank plc
		59 High Street
		Exeter
		EX4 3DL

Bauer Group Limited

Directors report

Year ended 31 December 2024

The directors present their report and the unaudited financial statements of the company for the year ended 31 December 2024.

Directors

The directors who served the company during the year were as follows:

Mr David Reed

Mr Anthony McClellan

Mr James Hill

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 29 August 2025 and signed on behalf of the board by:

Mr David Reed

Director

Bauer Group Limited

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Bauer Group Limited

Year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Bauer Group Limited for the year ended 31 December 2024 which comprise the statement of income and retained earnings, statement of financial position, statement of cash flows and related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Association of Chartered Certified Accountants , I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.

This report is made solely to the board of directors of Bauer Group Limited, as a body, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the financial statements of Bauer Group Limited and state those matters that we have agreed to state to the board of directors of Bauer Group Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Bauer Group Limited and its board of directors as a body for my work or for this report.

It is your duty to ensure that Bauer Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bauer Group Limited. You consider that Bauer Group Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Bauer Group Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

Accendo Accountants Ltd

Charetered Certified Accountants

1st Floor

7 Lion Street

Abergavenny

Monmouthshire

NP7 5PH

29 August 2025

Bauer Group Limited

Statement of income and retained earnings

Year ended 31 December 2024

		2024	2023
	Note	£	£


Turnover	4	1,366,217	1,267,686
Cost of sales		( 707,462)	( 703,388)
		_______	_______
Gross profit		658,755	564,298

Administrative expenses		( 612,866)	( 558,813)
		_______	_______
Operating profit	5	45,889	5,485

Other interest receivable and similar income	7	846	581
Interest payable and similar expenses	8	( 13,789)	( 5,023)
Profit before taxation		32,946	1,043

Tax on profit	9	8,896	( 7,763)
		_______	_______
Profit/(loss) for the financial year and total comprehensive income		41,842	( 6,720)
		_______	_______

Retained earnings at the start of the year		122,613	129,333
		_______	_______
Retained earnings at the end of the year		164,455	122,613
		_______	_______

All the activities of the company are from continuing operations.

Bauer Group Limited

Statement of financial position

31 December 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Tangible assets	10	795,404		755,998
Investments	11	55,476		3,942
		_______		_______
			850,880		759,940

Current assets
Debtors	12	963,545		855,326
Cash at bank and in hand		42,939		23,332
		_______		_______
		1,006,484		878,658
Creditors: amounts falling due
within one year	13	( 950,699)		( 832,592)
		_______		_______
Net current assets			55,785		46,066
			_______		_______
Total assets less current liabilities			906,665		806,006

Creditors: amounts falling due
after more than one year	14		( 232,140)		( 164,427)

Provisions for liabilities	15		( 10,020)		( 18,916)

			_______		_______
Net assets			664,505		622,663
			_______		_______

Capital and reserves
Called up share capital	18		500,000		500,000
Capital redemption reserve	19		50		50
Profit and loss account	19		164,455		122,613
			_______		_______
Shareholders funds			664,505		622,663
			_______		_______

For the 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.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements were approved by the board of directors and authorised for issue on 29 August 2025 , and are signed on behalf of the board by:

Mr David Reed Mr Anthony McClellan

Director Director

Company registration number: 03168464

Bauer Group Limited

Statement of cash flows

Year ended 31 December 2024

	2024	2023
	£	£

Cash flows from operating activities
Profit/(loss) for the financial year	41,842	( 6,720)

Adjustments for:
Depreciation of tangible assets	76,266	60,162
Other interest receivable and similar income	( 846)	( 581)
Interest payable and similar expenses	13,789	5,023
Gain/(loss) on disposal of tangible assets	( 4,699)	-
Tax on profit	( 8,896)	7,763
Accrued expenses/(income)	( 13,865)	22,520
Deferred Tax movement	(8,896)	-

Changes in:
Trade and other debtors	( 108,219)	( 256,160)
Trade and other creditors	53,539	252,755
	_______	_______
Cash generated from operations	40,015	84,762

Interest paid	( 13,789)	( 5,023)
Interest received	846	581
Tax paid	8,896	-
	_______	_______
Net cash from operating activities	35,968	80,320
	_______	_______

Cash flows from investing activities
Purchase of tangible assets	( 132,948)	( 152,585)
Proceeds from sale of tangible assets	21,975	-
Purchase of other investments	( 51,534)	( 3,942)
	_______	_______
Net cash used in investing activities	( 162,507)	( 156,527)
	_______	_______

Cash flows from financing activities
Proceeds from borrowings	( 17,976)	( 45,293)
Proceeds from loans from participating interests	81,535	69,205
Payment of finance lease liabilities	82,587	45,651
	_______	_______
Net cash from financing activities	146,146	69,563
	_______	_______

Net increase/(decrease) in cash and cash equivalents	19,607	( 6,644)
Cash and cash equivalents at beginning of year	23,332	29,976
	_______	_______
Cash and cash equivalents at end of year	42,939	23,332
	_______	_______

Bauer Group Limited

Notes to the financial statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Chappell House, The Green, Datchet, SL3 9EH.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Freehold property	-	Nil %
Plant and machinery	-	20 %	straight line
Fittings fixtures and equipment	-	33 %
Motor vehicles	-	20 %

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Hire purchase and finance leases

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Turnover

Turnover arises from:

	2024	2023
	£	£
Rendering of services	1,366,217	1,267,686
	_______	_______

The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.

5. Operating profit

Operating profit is stated after charging/(crediting):

	2024	2023
	£	£
Depreciation of tangible assets	76,266	60,162
(Gain)/loss on disposal of tangible assets	( 4,699)	-
Impairment of trade debtors	7,000	18,475
	_______	_______

6. Staff costs

The average number of persons employed by the company during the year, including the directors, amounted to:

	2024	2023
Administrative staff	21	21
	_______	_______

The aggregate payroll costs incurred during the year were:

	2024	2023
	£	£
Wages and salaries	625,624	621,008
Social security costs	66,495	66,957
Other pension costs	11,249	10,457
	_______	_______
	703,368	698,422
	_______	_______

7. Other interest receivable and similar income

	2024	2023
	£	£
Bank deposits	846	581
	_______	_______

8. Interest payable and similar expenses

		2024	2023
		£	£
Other loans made to the company:
	Finance leases and hire purchase contracts	4,034	1,905
Other interest payable and similar expenses		9,755	3,118
		_______	_______
		13,789	5,023
		_______	_______

9. Tax on profit

Major components of tax income/expense

	2024	2023
	£	£
Current tax:
UK current tax expense/income	-	( 785)
Double taxation relief	( 8,896)	-
	_______	_______

Deferred tax:
Origination and reversal of timing differences	-	8,548
	_______	_______
Tax on profit	( 8,896)	7,763
	_______	_______

Reconciliation of tax income/expense

The tax assessed on the profit for the year is lower than (2023: higher than) the standard rate of corporation tax in the UK of 25.00 % (2023: 25.00%).

	2024	2023
	£	£
Profit before taxation	32,946	1,043
	_______	_______

Profit multiplied by rate of tax	8,237	261
Effect of expenses not deductible for tax purposes	71	75
Effect of capital allowances and depreciation	-	8,536
Effect of different UK tax rates on some earnings	-	(16)
Group relief	( 12,379)	( 3,895)
Adjustments to deferred tax	-	3,587
Deferred tax not recognised	( 4,825)	-
Adjustments in respect of prior periods	-	(785)
	_______	_______
Tax on profit	( 8,896)	7,763
	_______	_______

10. Tangible assets

	Freehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 January 2024	601,904	10,821	96,202	418,969	1,127,896
Additions	-	3,960	2,058	126,930	132,948
Disposals	-	-	( 66,294)	( 82,197)	( 148,491)
	_______	_______	_______	_______	_______
At 31 December 2024	601,904	14,781	31,966	463,702	1,112,353
	_______	_______	_______	_______	_______
Depreciation
At 1 January 2024	75,267	3,536	65,665	227,430	371,898
Charge for the year	-	2,655	15,975	57,636	76,266
Disposals	-	-	( 62,155)	( 69,060)	( 131,215)
	_______	_______	_______	_______	_______
At 31 December 2024	75,267	6,191	19,485	216,006	316,949
	_______	_______	_______	_______	_______
Carrying amount
At 31 December 2024	526,637	8,590	12,481	247,696	795,404
	_______	_______	_______	_______	_______
At 31 December 2023	526,637	7,285	30,537	191,539	755,998
	_______	_______	_______	_______	_______

11. Investments

	Other investments other than loans	Total
	£	£
Cost
At 1 January 2024	3,942	3,942
Additions	51,534	51,534
	_______	_______
At 31 December 2024	55,476	55,476
	_______	_______
Impairment
At 1 January 2024 and 31 December 2024	-	-
	_______	_______
Carrying amount
At 31 December 2024	55,476	55,476
	_______	_______
At 31 December 2023	3,942	3,942
	_______	_______

12. Debtors

	2024	2023
	£	£
Trade debtors	130,023	73,694
Amounts owed by undertakings in which the company has a participating interest	638,433	638,433
Prepayments and accrued income	171,107	141,699
Other debtors	23,982	1,500
	_______	_______
	963,545	855,326
	_______	_______

13. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	17,977	29,212
Trade creditors	94,983	76,587
Amounts owed to undertakings in which the company has a participating interest	689,968	608,433
Accruals and deferred income	74,960	88,825
Social security and other taxes	51,746	43,249
Obligations under finance leases	17,577	9,444
Other creditors	3,488	( 23,158)
	_______	_______
	950,699	832,592
	_______	_______

14. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	114,252	120,993
Obligations under finance leases	117,888	43,434
	_______	_______
	232,140	164,427
	_______	_______

15. Provisions

	Deferred tax (note 16)	Total
	£	£
At 1 January 2024	18,916	18,916
Other movements 1	( 8,896)	( 8,896)
	_______	_______
At 31 December 2024	10,020	10,020
	_______	_______

16. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2024	2023
	£	£
Included in provisions (note 15)	10,020	18,916
	_______	_______

The deferred tax account consists of the tax effect of timing differences in respect of:

	2024	2023
	£	£
Fixed asset timing differences	10,020	18,916
	_______	_______

17. Employee benefits

The amount recognised in profit or loss in relation to defined contribution plans was £ 11,249 (2023: £ 10,457 ).

18. Called up share capital

Issued, called up and fully paid

	2024		2023
	No	£	No	£
£1 "A" Ordinary shares shares of £ 1.00 each	498,332	498,332	498,332	498,332
£1 "B" Ordinary B shares shares of £ 1.00 each	1,668	1,668	1,668	1,668
	_______	_______	_______	_______
	500,000	500,000	500,000	500,000
	_______	_______	_______	_______

19. Reserves

Capital redemption reserve:This reserve records the nominal value of shares repurchased by the company.Profit and loss account:This reserve records retained earnings and accumulated losses.

20. Analysis of changes in net debt

	At 1 January 2024	Cash flows	At 31 December 2024
	£	£	£
Cash and cash equivalents	23,332	19,607	42,939
Debt due within one year	(647,089)	(78,433)	(725,522)
Debt due after one year	(164,427)	(67,713)	(232,140)
	_______	_______	_______
	( 788,184)	( 126,539)	( 914,723)
	_______	_______	_______

21. Related party transactions

Advantage has been taken of the exemption in paragraph 33.1A of Financial Reporting Standard 102 for wholly owned subsidiaries not to disclose transactions with fellow members of the same group.

22. Controlling party

There is no one controlling party .

23. Ultimate parent undertaking

The Company's ultimate parent undertaking is Bauer Group Holdings Limited, formerly known as Montgomery Property Group Limited, a company registered in England and Wales. Copies of the consolidated accounts are available from the Registrar of Companies, Companies House, Cardiff.