BAVG Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 12886138 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 17 SEPTEMBER 2020 TO 30 SEPTEMBER 2021

FOR

BAVG LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M B A van Geffen

Mrs J S van Geffen

REGISTERED OFFICE:

Springboard Business Centre

24 Ellerbeck Way

Stokesley

Middlesbrough

TS9 5JZ

REGISTERED NUMBER:

12886138 (England and Wales)

ACCOUNTANTS:

Baines Jewitt Limited

Chartered Accountants

Barrington House

41-45 Yarm Lane

Stockton-on-Tees

TS18 3EA

FIXED ASSETS

Investment property

4

723,453

CURRENT ASSETS

Debtors

1,301

Cash at bank

63,028

64,329

CREDITORS

Amounts falling due within one year

749,875

NET CURRENT LIABILITIES

(685,546

)

TOTAL ASSETS LESS CURRENT LIABILITIES

37,907

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

36,907

SHAREHOLDERS' FUNDS

37,907

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2021 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.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the period ended 30 September 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 June 2022 and were signed on its behalf by:

M B A van Geffen - Director

1.	STATUTORY INFORMATION

BAVG Ltd 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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

723,453

At 30 September 2021

723,453

NET BOOK VALUE

At 30 September 2021

723,453

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 30 September 2021:

£

M B A van Geffen and Mrs J S van Geffen

Balance outstanding at start of period

-

Amounts advanced

1,000

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

1,000

6.	RELATED PARTY DISCLOSURES

Geffen Limited, a company controlled by Mr. M.B.A. van Geffen, has advanced a loan of £740,000 to the Company. This is repayable on demand.

7.	ULTIMATE CONTROLLING PARTY

The controlling party is M B A van Geffen.