IRIS Accounts Production v22.1.4.3 08279175 Board of Directors 1.1.21 31.12.21 31.12.21 true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure082791752020-12-31082791752021-12-31082791752021-01-012021-12-31082791752019-12-31082791752020-01-012020-12-31082791752020-12-3108279175ns16:EnglandWales2021-01-012021-12-3108279175ns15:PoundSterling2021-01-012021-12-3108279175ns11:Director12021-01-012021-12-3108279175ns11:PrivateLimitedCompanyLtd2021-01-012021-12-3108279175ns11:SmallEntities2021-01-012021-12-3108279175ns11:AuditExempt-NoAccountantsReport2021-01-012021-12-3108279175ns11:SmallCompaniesRegimeForDirectorsReport2021-01-012021-12-3108279175ns11:SmallCompaniesRegimeForAccounts2021-01-012021-12-3108279175ns11:FullAccounts2021-01-012021-12-3108279175ns11:Director32021-01-012021-12-3108279175ns11:RegisteredOffice2021-01-012021-12-3108279175ns6:CurrentFinancialInstruments2021-12-3108279175ns6:CurrentFinancialInstruments2020-12-3108279175ns6:ShareCapital2021-12-3108279175ns6:ShareCapital2020-12-3108279175ns6:RetainedEarningsAccumulatedLosses2021-12-3108279175ns6:RetainedEarningsAccumulatedLosses2020-12-3108279175ns6:CostValuation2020-12-3108279175ns6:WithinOneYearns6:CurrentFinancialInstruments2021-12-3108279175ns6:WithinOneYearns6:CurrentFinancialInstruments2020-12-31
REGISTERED NUMBER: 08279175 (England and Wales)

























Unaudited Financial Statements for the Year Ended 31 December 2021

for

Bailey Street Furniture Group Limited

Bailey Street Furniture Group Limited (Registered number: 08279175)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bailey Street Furniture Group Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: D A Pringle
D M Leach





REGISTERED OFFICE: Adlington Business Park
Adlington
Macclesfield
Cheshire
SK10 4NL





REGISTERED NUMBER: 08279175 (England and Wales)





ACCOUNTANTS: IN Accountancy Limited
6 Station View
Bramhall Moor Lane
Hazel Grove
Stockport
Cheshire
SK7 5ER

Bailey Street Furniture Group Limited (Registered number: 08279175)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Investments 4 37,053 37,053

CURRENT ASSETS
Debtors 5 17,397 17,391
Cash at bank 1,907 2,089
19,304 19,480
CREDITORS
Amounts falling due within one year 6 42,929 43,078
NET CURRENT LIABILITIES (23,625 ) (23,598 )
TOTAL ASSETS LESS CURRENT LIABILITIES 13,428 13,455

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 13,427 13,454
SHAREHOLDERS' FUNDS 13,428 13,455

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2022 and were signed on its behalf by:





D A Pringle - Director


Bailey Street Furniture Group Limited (Registered number: 08279175)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Bailey Street Furniture Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Preparation of consolidated financial statements
The financial statements contain information about Bailey Street Furniture Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

Bailey Street Furniture Group Limited (Registered number: 08279175)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2021
and 31 December 2021 37,053
NET BOOK VALUE
At 31 December 2021 37,053
At 31 December 2020 37,053

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Other debtors 17,397 17,391

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Amounts owed to group undertakings 41,228 41,228
Amounts owed to associates 1,701 1,701
Taxation and social security - 149
42,929 43,078

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During previous years an amount of £17,391 was loaned to a director. This remains outstanding at the balance sheet date (2020: £17,391).

8. ULTIMATE CONTROLLING PARTY

The controlling party is considered to be Crowd UK Holding Ltd.