Company Registration No. 10377415 (England and Wales)
BELLABEAT UK LTD
TRADING AS BELLABEAT
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020
PAGES FOR FILING WITH REGISTRAR
BELLABEAT UK LTD
TRADING AS BELLABEAT
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
BELLABEAT UK LTD
TRADING AS BELLABEAT
BALANCE SHEET
AS AT
30 SEPTEMBER 2020
30 September 2020
- 1 -
2020
2019
Notes
£
£
£
£
Current assets
Debtors
3
1,327,408
6,480,892
Cash at bank and in hand
9,139
976,084
1,336,547
7,456,976
Creditors: amounts falling due within one year
4
(2,462,695)
(5,574,173)
Net current (liabilities)/assets
(1,126,148)
1,882,803
Creditors: amounts falling due after more than one year
5
(2,372,294)
Net liabilities
(1,126,148)
(489,491)
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
(1,126,248)
(489,591)
Total equity
(1,126,148)
(489,491)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 8 February 2022
S Mur
Director
Company Registration No. 10377415
BELLABEAT UK LTD
TRADING AS BELLABEAT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020
- 2 -
1
Accounting policies
Company information
Bellabeat UK Ltd is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
18 Old Orchard Close, Uxbridge, UB8 3LH.
These financial statements were authorised for issue by the director on
**
September 2021.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling. Monetary amounts in these financial statements are rounded to the nearest £. The functional currency of the company is the Euro (€) however the director considers presentation in sterling to be the most appropriate presentational format being consistent with previous periods.
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. 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.
1.2
Going concern
Bellabeat Inc. has confirmed that they will prov
true
i
de support to enable the company to fulfil its financial
obligations as and when they fall due.
The financial support outlined above is adequate to ensure that the company will meet its liabilities as
and when they fall due for a period of at
least twelve months from the date from which these accounts
were approved. On this basis basis the director is of the opinion that the financial statements should
be drawn on a going concern basis.
1.3
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly
liquid investments that are readily convertible to a known amount of cash and are subject to an
insignificant risk of change in value.
1.4
Financial instruments
Debtors
Debtors are measured at transaction price less any impairment unless the arrangement constitutes a financing transaction in which case the transaction is measured at the present value of the future receipts discounted at the prevailing market rate of interest. Loans are initially measured at fair value and are subsequently measured at amortised cost using the effective interest method less any impairment.
Creditors
Creditors are measured at their transaction price unless the arrangement constitutes a financing transaction in which case the transaction is measured at present value of future payments discounted at prevailing market rate of interest. Other financial liabilities are initially measured at fair value net of their transaction costs. They are subsequently measured at amortised cost using the effective interest method.
BELLABEAT UK LTD
TRADING AS BELLABEAT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2020
1
Accounting policies
(Continued)
- 3 -
1.5
Equity instruments
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash
or other resources received or receivable, net of the direct costs of issuing the equity instruments. If
payment is deferred and the time value of money is material, the initial measurement is on a present
value basis.
1.6
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation
in the period
are included in profit or loss.
1.7
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs.
Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between
the proceeds, net of transaction costs, and the amount due on redemption being recognised as a
charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest
payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer
settlement of the liability for at least twelve months after the reporting date.
2
Employees
The average number of persons employed by the company (including the director) during the year, was:
2020
2019
Number
Number
Total
1
1
3
Debtors
2020
2019
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1,199,678
5,433,867
Other debtors
127,730
923,023
1,327,408
6,356,890
BELLABEAT UK LTD
TRADING AS BELLABEAT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2020
3
Debtors
(Continued)
- 4 -
2020
2019
Amounts falling due after more than one year:
£
£
Other debtors
124,002
Total debtors
1,327,408
6,480,892
4
Creditors: amounts falling due within one year
2020
2019
£
£
Loans and borrowings
2,443,592
5,564,923
Accruals and deferred income
19,103
9,250
2,462,695
5,574,173
5
Creditors: amounts falling due after more than one year
2020
2019
Notes
£
£
Loans and borrowings
2,372,294
Secured loan
Total borrowings owed of £
2,443,592
(201
9
: £
7,937,217
) are secured by fixed charges against all present and future patents, trade marks, service marks, trade names, designs, copyrights, inventions, topographical or similar rights, confidential information and know-how and any interest in any of these rights, whether or not registered. Interest is charged at 10% per annum. Interest of £
571,662
(201
9
: £
605,717
) was charged during the period. As at financial position date included in other creditors is an account owed of interest of £
Nil
(201
9
: £Nil).
6
Called up share capital
2020
2019
2020
2019
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
BELLABEAT UK LTD
TRADING AS BELLABEAT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2020
- 5 -
7
Audit report information
As the income statement has been omitted from the filing copy of the financial statements
,
the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006
:
The auditor's report was unqualified.
The senior statutory auditor was David Cary LLB FCA.
The auditor was Azets Audit Services.
8
Related party transactions
Summary of transactions with parent
Included in debtors is a balance due from parent company Bellabeat Inc. The total balance due from
this company at the statement of financial position date was
£1,199,677 (2019:
£5,
433
,
867)
which includes accrued
interest of
£82,156 (2019:
£62,964
)
charged at 2.5% per annum.
9
Parent company
The company's ultimate parent undertaking is
Bellabeat Inc
, a company incorporated in the United
States of America and the parent of the
smallest and
largest group upon which these accounts are consolidated. Group
accounts headed by
Bellabeat Inc
are not publicly available.