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REGISTERED NUMBER: 00495636 (England and Wales)














E C BAILY & SON (WARLINGHAM) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023






E C BAILY & SON (WARLINGHAM) LIMITED (REGISTERED NUMBER: 00495636)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


E C BAILY & SON (WARLINGHAM) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: Mr P O Baily
Mrs M Baily





SECRETARY: Mr P O Baily





REGISTERED OFFICE: Landgate Chambers
24 Landgate
Rye
East Sussex
TN31 7LJ





REGISTERED NUMBER: 00495636 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
Landgate Chambers
24 Landgate
Rye
East Sussex
TN31 7LJ

E C BAILY & SON (WARLINGHAM) LIMITED (REGISTERED NUMBER: 00495636)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 1,255,000 600,000
1,255,000 600,000

CURRENT ASSETS
Debtors 6 7,870 7,299
Cash at bank 41,182 25,816
49,052 33,115
CREDITORS
Amounts falling due within one year 7 48,228 33,784
NET CURRENT ASSETS/(LIABILITIES) 824 (669 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,255,824

599,331

PROVISIONS FOR LIABILITIES 230,075 110,184
NET ASSETS 1,025,749 489,147

CAPITAL AND RESERVES
Called up share capital 8 2,250 2,250
Revaluation reserve 980,846 445,737
Retained earnings 42,653 41,160
SHAREHOLDERS' FUNDS 1,025,749 489,147

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

E C BAILY & SON (WARLINGHAM) LIMITED (REGISTERED NUMBER: 00495636)

BALANCE SHEET - continued
30 APRIL 2023


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 12 October 2023 and were signed on its behalf by:





Mr P O Baily - Director


E C BAILY & SON (WARLINGHAM) LIMITED (REGISTERED NUMBER: 00495636)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

E C Baily & Son (Warlingham) 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 as modified by the revaluation of certain assets.

TURNOVER
Turnover is the total amount receivable by the company for rents arising, including insurance.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 May 2022
and 30 April 2023 633
DEPRECIATION
At 1 May 2022
and 30 April 2023 633
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

E C BAILY & SON (WARLINGHAM) LIMITED (REGISTERED NUMBER: 00495636)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022 600,000
Revaluations 655,000
At 30 April 2023 1,255,000
NET BOOK VALUE
At 30 April 2023 1,255,000
At 30 April 2022 600,000

Fair value at 30 April 2023 is represented by:
£   
Valuation in 2016 455,921
Valuation in 2017 100,000
Valuation in 2023 655,000
Cost 44,079
1,255,000

If the investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 44,079 44,079

The investment property was valued on open market value basis on 27 January 2023 by Elford Chartered Surveyors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,068 4,976
Other debtors 2,802 2,323
7,870 7,299

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 8,853 8,652
Taxation and social security 14,830 14,866
Other creditors 24,545 10,266
48,228 33,784

E C BAILY & SON (WARLINGHAM) LIMITED (REGISTERED NUMBER: 00495636)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2,250 Ordinary £1 2,250 2,250