pinacle - Company Accounts (iXBRL 6.0.19)

Badger Street Properties Limited

FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2020

Company Registration Number - 04293117

	1.
Badger Street Properties Limited
COMPANY NUMBER - 04293117
Balance sheet as at 30 September 2020

			2020		2019
			----		----

Notes

£

£

£

£

FIXED ASSETS
Intangible assets	4		90,000		90,000
Tangible assets	5		958,833		958,833
			1,048,833		1,048,833
Current assets
Debtors	6	43,000		43,000
Cash at bank and in hand		74,064		64,078
		117,064		107,078
Current liabilities
Creditors - Amounts
falling due within one year	7	25,578		39,627
NET CURRENT ASSETS			91,486		67,451
Total assets less current liabilities			1,140,319		1,116,284
Creditors - Amounts falling
due after more than one year	7		(1,004,481)		(1,004,481)
Net assets			135,838		111,803

	2.
Badger Street Properties Limited
COMPANY NUMBER - 04293117
Balance sheet as at 30 September 2020

			2020		2019
			----		----
	Notes		£		£

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss account			135,738		111,703
Shareholders' funds			135,838		111,803

These financial statements have been prepared in accordance with the provisions of FRS102 Section 1A of the Companies Act 2006 relating to small companies.
In accordance with section 444 of the Companies Act 2006, the directors' report and the profit and loss account have not been delivered.

For the financial year ended 30 September 2020, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.

The members have not required the company to obtain an audit.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Approved by the board of directors on15 April 2021
and signed on their behalf by:
A TUCKER
The notes on pages 3 to 5 form an integral part of these accounts.

	3.
Badger Street Properties Limited
Notes to the Financial Statements
For the year ended 30 September 2020
1. General Information

BADGER STREET PROPERTIES LIMITED is a Private Company, limited by shares, domiciled in England and Wales, registration number 04293117.

The company's registered office is Brunswick House, 1 Weirfield Green, Taunton, Somerset TA1 1AZ.

2. Accounting policies

Basis of accounting

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.

Fixed asset investments

Investments held as fixed assets are stated at cost, together with subsequent capital contributions, less any provision for impairment in value.
Investment income is recognised in the financial statements when the company becomes entitled to its share of profits from the investment.

Tangible fixed assets and depreciation

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:

Fixtures and fittings - 25% reducing balance

No depreciation is provided on freehold land and property.

Pension costs

Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.

3. Employees

The average number of persons employed by the company (including dirctors) during the year was2

and in 2019 was2

	4.
Badger Street Properties Limited
Notes to the Financial Statements
For the year ended 30 September 2020

4. Fixed assets - intangible

	Goodwill
Fair value	£
At 1 October 2019	90,000
and 30 September 2020
Net book values
At 30 September 2020	90,000
At 1 October 2019	90,000

5. Fixed assets - tangible

		Plant and
	Land and	Machinery
	Buildings	etc.	Total
Fair value	£	£	£
At 1 October 2019	958,833	28,725	987,558
and 30 September 2020
Depreciation
At 1 October 2019	-	28,725	28,725
At 30 September 2020	-	28,725	28,725
Net book values
At 30 September 2020	958,833	-	958,833
At 1 October 2019	958,833	-	958,833

The director considers the carrying value of investment properties are equivalent with current market values. The properties are regularly maintained.

		2020		2019
		----		----
		£		£

6. Debtors
Due within one year:
Other debtors	43,000		43,000

	5.
Badger Street Properties Limited
Notes to the Financial Statements
For the year ended 30 September 2020

		2020		2019
		----		----
		£		£

7. Creditors
Amounts falling due within one year:
Trade creditors	2,900		2,900
Taxation and social security	5,638		7,187
Director's Current Accounts	17,040		29,540
	25,578		39,627

Amounts falling due after one year:

Other creditors:
Bank loan	1,004,481		1,004,481
The above loans are secured bank loans.
8. Called up share capital

There was no change in share capital during the year.

Allotted, called up and fully paid
shares of £1 eachOrdinary	100		100

9. Related party transactions

Advance from directors

The company owed the director £17040 (2019 - £29540) as at the 30th September 2020. The loan is interest free and has no fixed term for repayment.

10. Control

Mr A Tucker, a director, controls the company by virtue of a majority shareholding.