BAANX GROUP LTD

BAANX GROUP LTD

BAANX GROUP LTD - Company Information

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BAANX GROUP LTD

Company Registration Number:
11155938 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2022

Period of accounts

Start date: 01 July 2021

End date: 30 June 2022

BAANX GROUP LTD

Contents of the Financial Statements

for the Period Ended 30 June 2022

Balance sheet
Notes

BAANX GROUP LTD

Balance sheet

As at 30 June 2022


Notes
2022
2021


£
£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 2,210,500 2,210,500
Tangible assets: 4 12,881 12,881
Investments: 5 4,306,038 0
Total fixed assets: 6,529,419 2,223,381
Current assets
Stocks: 4,732,958 5,756,845
Debtors:   467,438 3,422,176
Cash at bank and in hand: 2,551,083 1,650,711
Investments:   0 0
Total current assets: 7,751,479 10,829,732
Creditors: amounts falling due within one year:   (3,439,413) (1,334,304)
Net current assets (liabilities): 4,312,066 9,495,428
Total assets less current liabilities: 10,841,485 11,718,809
Creditors: amounts falling due after more than one year:   (10,586,217) (9,682,516)
Provision for liabilities: 0 0
Total net assets (liabilities): 255,268 2,036,293
Capital and reserves
Called up share capital: 340,424 340,424
Share premium account: 1,522,676 1,522,676
Revaluation reserve:61,076,1270
Other reserves: 0 0
Profit and loss account: (2,683,959) 173,193
Shareholders funds: 255,268 2,036,293

The notes form part of these financial statements

BAANX GROUP LTD

Balance sheet statements

For the year ending 30 June 2022 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 07 December 2022
and signed on behalf of the board by:

Name: Mark Evans
Status: Director

The notes form part of these financial statements

BAANX GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 June 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

BAANX GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 June 2022

2. Employees

2022 2021
Average number of employees during the period 25 15

BAANX GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 June 2022

3. Intangible Assets

Total
Cost £
At 01 July 2021 2,210,500
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 30 June 2022 2,210,500
Amortisation
At 01 July 2021 0
Charge for year 0
On disposals 0
Other adjustments 0
At 30 June 2022 0
Net book value
At 30 June 2022 2,210,500
At 30 June 2021 2,210,500

BAANX GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 June 2022

4. Tangible Assets

Total
Cost £
At 01 July 2021 12,881
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 30 June 2022 12,881
Depreciation
At 01 July 2021 0
Charge for year 0
On disposals 0
Other adjustments 0
At 30 June 2022 0
Net book value
At 30 June 2022 12,881
At 30 June 2021 12,881

BAANX GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 June 2022

5. Fixed investments

-

BAANX GROUP LTD

Notes to the Financial Statements

for the Period Ended 30 June 2022

6. Revaluation reserve

2022
£
Balance at 01 July 2021 0
Surplus or deficit after revaluation 1,076,127
Balance at 30 June 2022 1,076,127