REGISTERED NUMBER: 06732947 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Reside Bath Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr B J Bower

Lord P C Strasburger

SECRETARY:

Mr B J Bower

REGISTERED OFFICE:

24 Barton Street

Bath

Somerset

BA1 1HG

REGISTERED NUMBER:

06732947 (England and Wales)

FIXED ASSETS

Tangible assets

4

5,130

3,788

CURRENT ASSETS

Debtors

5

121,005

72,837

Cash at bank and in hand

1,312,568

1,616,884

1,433,573

1,689,721

CREDITORS

Amounts falling due within one year

6

1,098,343

1,353,326

NET CURRENT ASSETS

335,230

336,395

TOTAL ASSETS LESS CURRENT LIABILITIES

340,360

340,183

PROVISIONS FOR LIABILITIES

1,138

720

NET ASSETS

339,222

339,463

CAPITAL AND RESERVES

Called up share capital

90

100

Capital redemption reserve

10

-

Retained earnings

339,122

339,363

SHAREHOLDERS' FUNDS

339,222

339,463

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 23 December 2025 and were signed on its behalf by:

Mr B J Bower - Director

1.	STATUTORY INFORMATION

Reside Bath Limited is a private company, limited by shares , registered in England and Wales. 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.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Computer equipment

-

33% on straight line basis

Fixtures and fittings

-

20% on straight line basis

Motor vehicles

-

25% on straight line basis

Equipment

-

20% on straight line basis

All fixed assets are initially recorded at cost.

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Computer

and

Motor

equipment

fittings

vehicles

Equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

92,476

33,130

12,679

11,772

150,057

Additions

2,458

1,260

-

379

4,097

At 31 March 2025

94,934

34,390

12,679

12,151

154,154

DEPRECIATION

At 1 April 2024

89,685

32,539

12,679

11,366

146,269

Charge for year

1,666

675

-

414

2,755

At 31 March 2025

91,351

33,214

12,679

11,780

149,024

NET BOOK VALUE

At 31 March 2025

3,583

1,176

-

371

5,130

At 31 March 2024

2,791

591

-

406

3,788

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

6,867

15,283

Amounts owed by group undertakings

44,228

7,115

Other debtors

39,370

25,376

Prepayments and accrued income

30,540

25,063

121,005

72,837

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

18,841

15,614

Tax

9,637

38,760

Social security and other taxes

9,345

8,091

VAT

29,760

23,129

Other creditors

1,028,915

1,266,413

Accruals and deferred income

1,845

1,319

1,098,343

1,353,326

Included in other creditors and cash at bank and in hand is a balance of £1,025,669 (2024: £1,263,222) which relates to monies held on behalf of clients.

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

4,047

6,823

Between one and five years

7,082

-

11,129

6,823

8.	RELATED PARTY DISCLOSURES

During the year dividends of £20,000 (2024: £60,000) were paid to directors.

Included in other debtors is £44,228 (2024: £7,115) owed to the company Make Yourself at Home (Bath) Limited, another company with the same set of directors.