Bagold Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: NI071703 (Northern Ireland)

BAGOLD LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S D Kennedy

Mrs C J Markham

D P Markham

Mrs H Kennedy

SECRETARY:

D P Markham

REGISTERED OFFICE:

Forsyth House

Cromac Square

Belfast

Northern Ireland

BT2 8LA

REGISTERED NUMBER:

NI071703 (Northern Ireland)

ACCOUNTANTS:

Michael Dufty Partnership Limited

59-61 Charlotte Street

St Pauls Square

Birmingham

West Midlands

B3 1PX

FIXED ASSETS

Tangible assets

4

3,536,342

3,537,136

Investments

5

3,576,038

2,392,743

Investment property

6

2,654,459

9,766,839

8,584,338

CURRENT ASSETS

Stocks

1,342,682

1,665,724

Debtors

7

1,020,483

28,631

Investments

8

2,204,180

2,156,762

Cash at bank

2,164,603

3,674,657

6,731,948

7,525,774

CREDITORS

Amounts falling due within one year

9

285,052

189,905

NET CURRENT ASSETS

6,446,896

7,335,869

TOTAL ASSETS LESS CURRENT
LIABILITIES

16,213,735

15,920,207

PROVISIONS FOR LIABILITIES

10

749,903

736,972

NET ASSETS

15,463,832

15,183,235

CAPITAL AND RESERVES

Called up share capital

11

1,481,216

Share premium

12

9,274,123

Fair value reserve

12

2,249,711

2,210,920

Retained earnings

12

2,458,782

2,216,976

SHAREHOLDERS' FUNDS

15,463,832

15,183,235

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2025 and were signed on its behalf by:

D P Markham - Director

Mrs C J Markham - Director

1.	STATUTORY INFORMATION

Bagold Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Investments in associates

Investments in associate undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments

Fixed asset investments are stated at cost less impairment.

Listed current asset investments are stated at fair value. Unlisted current asset investments are stated at cost less impairment.

Freehold property

Freehold land and buildings included in fixed assets primarily consists of forestry land which is stated at fair value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

COST OR VALUATION

At 1 April 2024

3,534,000

8,029

5,984

6,815

3,554,828

Additions

-

949

At 31 March 2025

3,534,000

8,029

5,984

7,764

3,555,777

DEPRECIATION

At 1 April 2024

-

8,029

5,984

3,679

17,692

Charge for year

-

1,743

At 31 March 2025

-

8,029

5,984

5,422

19,435

NET BOOK VALUE

At 31 March 2025

3,534,000

-

2,342

3,536,342

At 31 March 2024

3,534,000

-

3,136

3,537,136

Cost or valuation at 31 March 2025 is represented by:

Fixtures

Freehold

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

Valuation in 2017

1,865,520

-

1,865,520

Valuation in 2018

984,873

-

984,873

Valuation in 2023

10,040

-

10,040

Valuation in 2024

673,567

-

673,567

Cost

-

8,029

5,984

7,764

21,777

3,534,000

8,029

5,984

7,764

3,555,777

5.	FIXED ASSET INVESTMENTS

2025

2024

£

Participating interests

743,938

834,743

Other loans

2,832,100

1,558,000

3,576,038

2,392,743

Additional information is as follows:

Interest

in

associate

£

COST OR VALUATION

At 1 April 2024

834,743

Revaluations

(90,805

)

At 31 March 2025

743,938

NET BOOK VALUE

At 31 March 2025

743,938

At 31 March 2024

834,743

Cost or valuation at 31 March 2025 is represented by:

Interest

in

associate

£

Valuation in 2021

591,681

Valuation in 2022

33,487

Valuation in 2023

65,069

Valuation in 2024

144,506

Valuation in 2025

(90,805

)

743,938

Other

loans

£

At 1 April 2024

1,558,000

New in year

1,274,100

At 31 March 2025

2,832,100

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

2,654,459

NET BOOK VALUE

At 31 March 2025

2,654,459

At 31 March 2024

2,654,459

Fair value at 31 March 2025 is represented by:

£

Valuation in 2017

2,351,839

Valuation in 2018

148,221

Valuation in 2021

176,864

Valuation in 2022

(144,760

)

Valuation in 2023

122,295

2,654,459

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

894,792

-

Other debtors

125,691

-

Prepayments and accrued income

-

28,631

1,020,483

28,631

8.	CURRENT ASSET INVESTMENTS

2025

2024

£

Listed investments

2,204,180

2,156,762

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

53,104

26,743

Tax

71,196

132,255

Social security and other taxes

139,846

(4,311

)

Other creditors

576

574

Accruals and deferred income

20,330

34,644

285,052

189,905

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

749,903

736,972

Deferred

tax

£

Balance at 1 April 2024

736,972

Provided during year

12,931

Balance at 31 March 2025

749,903

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

1,481,216

Ordinary

£1

1,481,216

12.

RESERVES

Fair

Retained

Share

value

earnings

premium

reserve

Totals

£

At 1 April 2024

2,216,976

9,274,123

2,210,920

13,702,019

Profit for the year

863,917

Dividends

(622,111

)

(622,111

)

Revaluation in year

-

38,791

At 31 March 2025

2,458,782

9,274,123

2,249,711

13,982,616

13.	RELATED PARTY DISCLOSURES

The director Mr D Markham received rental payments of £3,600 (2024 - £3,500 ) during the year from the company for the provision of office premises.

14.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party as no one shareholder has a majority shareholding in the company.