Bach Wen Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 11954125

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,721,275		1,759,275

			1,721,275		1,759,275
CURRENT ASSETS
Debtors	5	4,626		17,603
Cash at bank and in hand		37,492		107,196

		42,118		124,799
Creditors: Amounts Falling Due Within One Year	6	(499,235 )		(555,214 )

NET CURRENT ASSETS (LIABILITIES)			(457,117 )		(430,415 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,264,158		1,328,860

Creditors: Amounts Falling Due After More Than One Year	7		(1,222,380 )		(1,232,940 )

NET ASSETS			41,778		95,920

CAPITAL AND RESERVES
Called up share capital	8		109		109
Revaluation reserve	9		274,005		274,005
Profit and Loss Account			(232,336 )		(178,194 )

SHAREHOLDERS' FUNDS			41,778		95,920

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Bach Wen Limited

Balance Sheet (continued)

As At 31 October 2024

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Peter Moser

Director

22/11/2024

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Bach Wen Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11954125 . The registered office is 376 Marine Road East, Morecambe, LA4 5AH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold

2% Straight Line

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Tangible Assets

	Land & Property
	Freehold
	£
Cost
As at 1 November 2023	1,900,000

As at 31 October 2024	1,900,000

Depreciation
As at 1 November 2023	140,725
Provided during the period	38,000

As at 31 October 2024	178,725

Net Book Value
As at 31 October 2024	1,721,275

As at 1 November 2023	1,759,275

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Bach Wen Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	-	1,200
Prepayments and accrued income	4,626	16,403

	4,626	17,603

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	9,965	32,566
Bank loans and overdrafts	11,620	21,313
VAT	19,239	13,467
Deferred Income	10,163	35,163
Accrued expenses	1,422	1,422
Directors' loan accounts	446,826	451,283

	499,235	555,214

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	1,222,380	1,232,940

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	109	109

9. Reserves

	Revaluation Reserve
	£
As at 1 November 2023	274,005

As at 31 October 2024	274,005

10. Related Party Transactions

As at the balance sheet date the company owed the directors £446,826 (2022 - £451,283)

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