Bath & West Properties Limited

Contents

Abridged Balance Sheet	1 to 2
Notes to the Unaudited Abridged Financial Statements	3 to 5

Bath & West Properties Limited

(Registration number: 14673494)
Abridged Balance Sheet as at 28 February 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	286	-
Investment property		309,782	-
Other financial assets	5	17,512	-
		327,580	-
Current assets
Debtors		1,641	200
Cash at bank and in hand		2,976	-
		4,617	200
Creditors: Amounts falling due within one year		(171,980)	-
Net current (liabilities)/assets		(167,363)	200
Total assets less current liabilities		160,217	200
Creditors: Amounts falling due after more than one year		(165,225)	-
Net (liabilities)/assets		(5,008)	200
Capital and reserves
Called up share capital		200	200
Profit and loss account		(5,208)	-
Total equity		(5,008)	200

For the financial year ending 28 February 2026 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 of its accounts for the year in question in accordance with section 476; and
	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Bath & West Properties Limited

(Registration number: 14673494)
Abridged Balance Sheet as at 28 February 2026

Approved and authorised by the Board on 1 September 2026 and signed on its behalf by:
 

Mrs K A Higginbottom

Director

Mr N P Higginbottom

Director

Bath & West Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales (Registered number: 14673494).

The address of its registered office is:
Calyx House
South Road
Taunton
Somerset
TA1 3DU

These financial statements were authorised for issue by the Board on 1 September 2026.

2	Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Bath & West Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2026

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	15% - Reducing balance

Investment property

Investment property is carried Director's valuation, derived from the current market prices for comparable real estate. The Director's use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

4	Tangible assets

	Office equipment £	Total £
Cost or valuation
Additions	337	337
At 28 February 2026	337	337
Depreciation
Charge for the year	51	51
At 28 February 2026	51	51
Carrying amount
At 28 February 2026	286	286

Included within the net book value of land and buildings above is £Nil (2025 - £Nil) in respect of freehold land and buildings.
 

Investment properties

Bath & West Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2026

	2026 £
Additions	309,782

The investment property is held at Director's valuation. No depreciation is needed on investment property.

5	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 1 March 2025	17,512	17,512
At 28 February 2026	17,512	17,512
Carrying amount
At 28 February 2026	17,512	17,512

The investment accounts for less than 5% of an unlisted company.

6	Related party transactions

Summary of transactions with related parties

The company acquired the investment property from Mr & Mrs Higginbottom at full market value.