Registered Number
:
05297924
|
For the year ended 31 March 2020
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2020
BADBURY DEVELOPMENTS LTD
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
BADBURY DEVELOPMENTS LTD
Statement of Financial Position
2019
2020
Property
,
plant and equipment
|
1,028
1,284
2
1,028
1,284
2,168,437
3,601,209
3
Trade and other receivables
|
29,134
9,685
4
23,268
Cash and cash equivalents
|
32,475
3,643,369
2,220,839
Trade and other payables
:
amounts falling due within one
|
year
|
(1,821,012)
(3,348,120)
5
399,827
295,249
Net current assets
Total assets less current liabilities
|
296,277
401,111
(320)
(320)
Provisions for liabilities
|
295,957
Net assets
400,791
1,000
1,000
294,957
399,791
295,957
400,791
Shareholders' funds
For the year ended 31 March 2020 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 financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
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For the year ended 31 March 2020
BADBURY DEVELOPMENTS LTD
Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 10 June 2020 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 March 2020
BADBURY DEVELOPMENTS LTD
Notes to the Financial Statements
Statutory Information
BADBURY DEVELOPMENTS LTD is a private limited company
,
limited by shares
,
domiciled in England and
|
Wales
,
registration number
05297924
.
|
The Old Bakery
68b Grove Road
Wimborne
Dorset
BH21 1BW
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and
|
the Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the sales value of goods and services supplied by the company, net of any Value Added Tax and discounts.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and machinery
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
|
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For the year ended 31 March 2020
BADBURY DEVELOPMENTS LTD
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
5,509
5,509
Provision for depreciation and impairment
|
4,225
Charge for year
256
4,481
1,028
1,284
2019
2020
3,601,209
2,168,437
4
.
Trade and other receivables
|
2019
2020
9,685
29,134
5
.
Trade and other payables
:
amounts falling due within one year
|
2019
2020
Taxation and social security
|
1,874
36,199
3,346,246
1,784,813
3,348,120
1,821,012
Other creditors includes secured loans totalling £755,534 from members of director and shareholder K Gould's family and £2,515,423 from K Gould family trusts together with accrued interest of £71,987.
|
4 of 5
For the year ended 31 March 2020
BADBURY DEVELOPMENTS LTD
Notes to the Financial Statements Continued
6
.
Related party transactions
|
The company received loans totalling £
1
,
219
,
333
from K Gould
'
s family and repaid £
974
,
297
during the
|
accounting period
.
The company also received further loans totalling £
1
,
303
,
056
from the Gould Family
|
Trusts
.
|
7
.
Average number of persons employed
|
During the year the average number of employees was 0
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