| Baronbook Limited |
| Notes to the financial statements |
| for the year ended 31 January 2025 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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Functional currency |
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Pound Sterling is the currency of the primary economic environment in which the entity operates. |
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Going Concern |
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The going concern basis has been used as the directors consider that this is the appropriate basis to use following discussion with all company creditors. The company can continue to trade as financial support is available. |
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| 2 |
Employees & directors |
2025 |
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2024 |
| Number |
Number |
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Average number of persons employed by the company |
2 |
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2 |
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| 3 |
Debtors |
2025 |
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2024 |
| £ |
£ |
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Other debtors |
5,864 |
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5,864 |
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| 4 |
Creditors: amounts falling due within one year |
2025 |
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2024 |
| £ |
£ |
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Trade creditors |
- |
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1,117 |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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3,384 |
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3,939 |
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Other creditors |
2,476 |
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804 |
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5,860 |
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5,860 |
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| 5 |
Related party transactions |
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As at 31 January 2025 there were related party balances with entities that one or more of the shareholders of the Company have interest as follows:
Amounts due from related parties of £5,864 (2024: £5,864)
Amounts due to related parties of £962 (2024: £ Nil) |
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| 6 |
Controlling party |
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Tameace Ltd is the parent company and the ultimate holding company is Coralmint Ltd; both companies are registered in England and Wales. |
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| 7 |
Other Information |
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Baronbook Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is 10 Upper Berkeley Street, London, W1H 7PE. |