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Registration number: 9904637

Bainbridge Holdings Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2018

(taking advantage of s444 of the Companies Act 2006)

Stables Thompson & Briscoe
Chartered Accountants & Business Advisers
Lowther House
Lowther Street
Kendal
Cumbria
LA9 4DX

 

Bainbridge Holdings Limited

(Registration number: 9904637)
Balance Sheet as at 31 March 2018

Note

2018
£

2017
£

Fixed assets

 

Investments

4

900

900

Current assets

 

Debtors

5

22,000

75,500

Cash at bank and in hand

 

4

963,296

 

22,004

1,038,796

Creditors: Amounts falling due within one year

6

(21,944)

(112,037)

Net current assets

 

60

926,759

Net assets

 

960

927,659

Capital and reserves

 

Called up share capital

904

904

Profit and loss account

56

926,755

Total equity

 

960

927,659

For the financial year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' report and Profit and Loss Account has been taken.

Approved and authorised by the director on 3 July 2018
 

.........................................

Mr James William Dickinson
Director

 

Bainbridge Holdings Limited

Notes to the Financial Statements for the Year Ended 31 March 2018

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Lowther House
Lowther Street
Kendal
LA9 4DX

These financial statements were authorised for issue by the director on 3 July 2018.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company has taken advantage of the exemption in section 399 of the Companies Act 2006, from the requirement to prepare consolidated statements, on the grounds that it is a small sized group..

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

 

Bainbridge Holdings Limited

Notes to the Financial Statements for the Year Ended 31 March 2018

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Dividends on equity securities are recognised in income when receivable.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2017 - 4).

4

Investments

2018
£

2017
£

Investments in subsidiaries

900

900

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2018

2017

Subsidiary undertakings

Bainbridge Electrical Limited

Beezon Head
Beezon Road
Kendal
LA9 6BW

Ordinary

100%

100%

 

England

     

The principal activity of Bainbridge Electrical Limited is the manufacture, installation and repair of electrical systems.

5

Debtors

2018
£

2017
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

-

75,500

Other debtors

 

22,000

-

Total current trade and other debtors

 

22,000

75,500

 

Bainbridge Holdings Limited

Notes to the Financial Statements for the Year Ended 31 March 2018

6

Creditors

Creditors: amounts falling due within one year

2018
£

2017
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

17,092

-

Taxation and social security

 

4,339

26,217

Other creditors

 

-

84,820

Accruals and deferred income

 

513

1,000

 

21,944

112,037

7

Parent and ultimate parent undertaking

The company's immediate parent is Beckenreid Ltd, incorporated in England and Wales.