ACCOUNTS - Final Accounts preparation

BACCN (UK) LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-3132022-01-01falseorganisation of conferences for nurses and other health care workers. The company is a subsidiary of The British Association of Critical Care Nurses and makes a gift aid payment to the parent charitable company in accordance with HMRC rules to transfer the profits made.3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04990351 2022-01-01 2022-12-31 04990351 2021-01-01 2021-12-31 04990351 2022-12-31 04990351 2021-12-31 04990351 c:Director2 2022-01-01 2022-12-31 04990351 c:Director3 2022-01-01 2022-12-31 04990351 d:CurrentFinancialInstruments 2022-12-31 04990351 d:CurrentFinancialInstruments 2021-12-31 04990351 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04990351 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 04990351 d:ShareCapital 2022-12-31 04990351 d:ShareCapital 2021-12-31 04990351 d:RetainedEarningsAccumulatedLosses 2022-12-31 04990351 d:RetainedEarningsAccumulatedLosses 2021-12-31 04990351 c:FRS102 2022-01-01 2022-12-31 04990351 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 04990351 c:FullAccounts 2022-01-01 2022-12-31 04990351 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 04990351

BACCN (UK) LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022


BACCN (UK) LIMITED REGISTERED NUMBER:04990351

BALANCE SHEET

AS AT 31 DECEMBER 2022

		2022		2021
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	69,044		10,570
Cash at bank and in hand	5	57,122		3,743
		126,166		14,313
Creditors: amounts falling due within one year	6	(122,521)		(37,815)
Net current assets/(liabilities)			3,645		(23,502)
Total assets less current liabilities			3,645		(23,502)

Net assets/(liabilities)			3,645		(23,502)

Capital and reserves
Called up share capital	1	1
Profit and loss account	3,644	(23,503)
	3,645	(23,502)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 September 2023.

N J Credland	P K McCready
Director	Director

The notes on pages 3 to 5 form part of these financial statements.

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BACCN (UK) LIMITED REGISTERED NUMBER:04990351

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2022

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BACCN (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

1.	General information

BACCN (UK) Limited is a private Company limited by shares, incorporated in England and Wales,
registration number 04990351. The address of its registered office and principal place of business are
disclosed in the Company Information section of these financial statements.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

The Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company has net current assets and no need for finance. Registrations for the 2023 conference have been strong to date and the event is forecast to be profitable. Based on this and the continued parent charitable company support in the furtherance of its charitable objectives, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

2.3

Foreign currency translation

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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BACCN (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 3 (2021 - 3).

Debtors

					2022	2021
					£	£


Trade debtors	45,410	90
Other debtors	23,474	1,770
Prepayments and accrued income	160	8,710
	69,044	10,570

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BACCN (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

5.	Cash and cash equivalents
		2022	2021
		£	£

Cash at bank and in hand	57,122	3,743
	57,122	3,743

6.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Trade creditors	76,722	2,397
Amounts owed to group undertakings	15,834	28,408
Corporation tax	491	-
Accruals and deferred income	29,474	7,010
	122,521	37,815

7.	Controlling party

The controlling party is The British Association of Critical Care Nurses, a Charitable Company, which
owns 100% of the share capital of the Company. The registered office of the parent, and principal place
of business is Unit 14, The Stottie Shed, Baker's Yard, Gosforth, Newcastle upon Tyne, NE3 1XD.

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