Bass Family Investments Limited

Bass Family Investments Limited

BASS FAMILY INVESTMENTS LIMITED - Company Information

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9 October 2020 false Taxfiler 2022.7.1 12939712business:PrivateLimitedCompanyLtd2020-10-092021-09-30 129397122020-10-08 129397122020-10-092021-09-30 12939712business:AuditExemptWithAccountantsReport2020-10-092021-09-30 12939712business:FullAccounts2020-10-092021-09-30 129397122021-09-30 12939712business:Director12020-10-092021-09-30 12939712business:Director22020-10-092021-09-30 12939712business:Director32020-10-092021-09-30 12939712business:RegisteredOffice2020-10-092021-09-30 12939712core:WithinOneYear2021-09-30 12939712core:ShareCapital2021-09-30 12939712core:RetainedEarningsAccumulatedLosses2021-09-30 12939712business:SmallEntities2020-10-092021-09-30 12939712countries:EnglandWales2020-10-092021-09-30 iso4217:GBP xbrli:pure
Company Registration No. 12939712 (England and Wales)
Bass Family Investments Limited Unaudited accounts for the period from 9 October 2020 to 30 September 2021
Bass Family Investments Limited Unaudited accounts Contents
Page
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Bass Family Investments Limited Company Information for the period from 9 October 2020 to 30 September 2021
Directors
Adam Bass Francesca Bass Stephen Bass
Company Number
12939712 (England and Wales)
Registered Office
14 OAKWOOD ROAD LEICESTER LE4 0BD ENGLAND
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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Bass Family Investments Limited Accountants' report
Accountants' report to the board of directors of Bass Family Investments Limited on the preparation of the unaudited statutory accounts for the period from 9 October 2020 to 30 September 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Bass Family Investments Limited for the period from 9 October 2020 to 30 September 2021 as set out on pages 5 - 6 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Bass Family Investments Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Bass Family Investments Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bass Family Investments Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Bass Family Investments Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Bass Family Investments Limited. You consider that Bass Family Investments Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Bass Family Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 15 July 2022
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Bass Family Investments Limited Statement of financial position as at 30 September 2021
2021 
Notes
£ 
Fixed assets
Investment property
4
357,037 
Current assets
Inventories
287,177 
Cash at bank and in hand
2,187 
289,364 
Creditors: amounts falling due within one year
5
(658,410)
Net current liabilities
(369,046)
Net liabilities
(12,009)
Capital and reserves
Called up share capital
12 
Profit and loss account
(12,021)
Shareholders' funds
(12,009)
For the period ending 30 September 2021 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 July 2022 and were signed on its behalf by
Adam Bass Director Company Registration No. 12939712
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Bass Family Investments Limited Notes to the Accounts for the period from 9 October 2020 to 30 September 2021
1
Statutory information
Bass Family Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 12939712. The registered office is 14 OAKWOOD ROAD, LEICESTER, LE4 0BD, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Investment property
2021 
£ 
Additions
357,037 
At 30 September 2021
357,037 
5
Creditors: amounts falling due within one year
2021 
£ 
Other creditors
240,001 
Loans from directors
417,389 
Accruals
1,020 
658,410 
6
Transactions with related parties
Included in short term creditors are loans of £240,001 from related companies. These loans are interest-free and repayable on demand.
7
Average number of employees
During the period the average number of employees was 0.
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