Registration number: 12389826

BAAGE Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

BAAGE Ltd

Company Information

Directors	Mr Bruce Anthony Atkinson Mrs Gladys Elena Atkinson

Registered office

1st Floor 11 Freeport Office Village Century Drive Braintree Essex CM77 8YG

Accountants

Anthony Russel Limited 1st Floor 11 Freeport Office Village Century Drive Braintree Essex CM77 8YG

BAAGE Ltd

(Registration number: 12389826)
Balance Sheet as at 31 January 2026

	Note	2026  £	(As restated) 2025  £
fixed assets
tangible assets	4	42,858	24,014
Investment property	5	1,560,000	1,560,000
		1,602,858	1,584,014
Current assets
Debtors		707	1,561
Cash at bank and in hand		15,237	5,855
		15,944	7,416
Creditors: Amounts falling due within one year	6	(592,567)	(508,412)
Net current liabilities		(576,623)	(500,996)
Total assets less current liabilities		1,026,235	1,083,018
Creditors: Amounts falling due after more than one year	6	(936,290)	(933,469)
Provisions for liabilities		(11,436)	(31,048)
Net assets		78,509	118,501
capital and reserves
Called up share capital		100	100
Profit and loss account		78,409	118,401
Total equity		78,509	118,501

BAAGE Ltd

(Registration number: 12389826)
Balance Sheet as at 31 January 2026

For the financial year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 October 2026 and signed on its behalf by:
 

......................................... Mr Bruce Anthony Atkinson Director

BAAGE Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
1st Floor
11 Freeport Office Village
Century Drive
Braintree
Essex
CM77 8YG

These financial statements were authorised for issue by the Board on 27 October 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These 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.

Going concern

The financial statements have been prepared on a going concern basis.

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 and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

BAAGE Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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
Motor Vehicles	25% RBM
Computer Equipment	25% RBM

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by directors. The directors 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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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.

BAAGE Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

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

BAAGE Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 February 2025	4,135	52,099	56,234
Additions	3,881	21,495	25,376
At 31 January 2026	8,016	73,594	81,610
Depreciation
At 1 February 2025	2,100	30,120	32,220
Charge for the year	590	5,942	6,532
At 31 January 2026	2,690	36,062	38,752
Carrying amount
At 31 January 2026	5,326	37,532	42,858
At 31 January 2025	2,035	21,979	24,014

5	Investment properties

	2026 £
At 1 February	1,560,000
At 31 January	1,560,000

There has been no valuation of investment property by an independent valuer.

BAAGE Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

6

Creditors

Creditors: amounts falling due within one year

	Note	2026  £	(As restated) 2025  £
Due within one year
Bank loans and overdrafts		18,556	15,354
Director current account		573,033	492,140
Accrued expenses		978	918
		592,567	508,412
Due after one year
Loans and borrowings		936,290	933,469

Creditors: amounts falling due after more than one year

Creditors due after one year include mortgages which are secured of £925,577 (2025 - £915,284) by fixed charges and negative pledges over all the investment property of the company.

7	Related party transactions

Transactions with directors The following advances and credits to a director subsisted during the years ended 31 January 2026 and 31 January 2025:

Transactions with directors

2026	At 1 February 2025 £	Advances to director £	Repayments by director £	At 31 January 2026 £
Mr Bruce Anthony Atkinson
No interest is charged on the loan	(492,140)	8,882	(89,774)	(573,032)

BAAGE Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

2025	At 1 February 2024 £	Advances to director £	Repayments by director £	At 31 January 2025 £
Mr Bruce Anthony Atkinson
No interest is charged on the loan	(476,582)	24,000	(39,558)	(492,140)

BAAGE Ltd

9 Prior Year Adjustment

The accounts have been restated to incorporate the impact of:
a) the capital element of loan repayments being misclassified as loan interest £13,600
b) the provision of a deferred tax liability following the revaluation of investment properties £31,048

The changes have resulted in the profits available for distribution at 31 January 2025 reducing from £135,849 to £118,401