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REGISTERED NUMBER: 11550856 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 December 2022

for

Bakerhayes Properties Limited

Bakerhayes Properties Limited (Registered number: 11550856)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bakerhayes Properties Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: J-P Hayes
L M Baker





REGISTERED OFFICE: Ivy Cottage
20 The Square
Alveston
Bristol
BS35 3PE





REGISTERED NUMBER: 11550856 (England and Wales)





ACCOUNTANTS: Stanley Joseph Limited
Chartered Accountants
Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST

Bakerhayes Properties Limited (Registered number: 11550856)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,570,049 1,990,000

CURRENT ASSETS
Stocks 533,254 228,397
Debtors 5 287,034 168,879
Cash at bank 107,809 150,307
928,097 547,583
CREDITORS
Amounts falling due within one year 6 660,272 340,479
NET CURRENT ASSETS 267,825 207,104
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,837,874

2,197,104

CREDITORS
Amounts falling due after more than one
year

7

(1,956,817

)

(1,265,984

)

PROVISIONS FOR LIABILITIES 8 (177,145 ) (177,145 )
NET ASSETS 703,912 753,975

Bakerhayes Properties Limited (Registered number: 11550856)

Balance Sheet - continued
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 755,198 755,198
Retained earnings 9 (51,386 ) (1,323 )
SHAREHOLDERS' FUNDS 703,912 753,975

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 18 October 2023 and were signed on its behalf by:





J-P Hayes - Director


Bakerhayes Properties Limited (Registered number: 11550856)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Bakerhayes Properties 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.

Investment property
Investment properties are recorded at cost or valuation. No depreciation is provided on freehold properties as such assets are not held for consumption, but as investments, and the properties are well maintained and externally valued on a regular open market basis.

Any surplus or deficit arising on revaluing investment properties is recognised in the fair value reserve. Disposals are recognised on completion. Profits and losses arising are recognised through the profit and loss account; the profit on disposal is determined as the difference between the sales proceeds and the carrying amount of the asset at the commencement of the accounting period plus additions in the period.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Bakerhayes Properties Limited (Registered number: 11550856)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

2. ACCOUNTING POLICIES - continued
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 (2021 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2022 1,990,000
Additions 580,049
At 31 December 2022 2,570,049
NET BOOK VALUE
At 31 December 2022 2,570,049
At 31 December 2021 1,990,000

Fair value at 31 December 2022 is represented by:
£   
Valuation in 2021 932,343
Cost 1,637,706
2,570,049

Bakerhayes Properties Limited (Registered number: 11550856)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

4. INVESTMENT PROPERTY - continued

If Investment properties had not been revalued they would have been included at the following historical cost:

31.12.22 31.12.21
£    £   
Cost 1,057,657 1,057,657

Investment properties were valued on an open market basis on 31 December 2021 by Directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Other debtors 287,034 168,879

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Taxation and social security 3,158 3,158
Other creditors 657,114 337,321
660,272 340,479

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Other creditors 1,956,817 1,265,984

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 1,956,817 1,265,984

8. PROVISIONS FOR LIABILITIES
31.12.22 31.12.21
£    £   
Deferred tax 177,145 177,145

Bakerhayes Properties Limited (Registered number: 11550856)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2022 177,145
Balance at 31 December 2022 177,145

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 January 2022 (1,323 ) 755,198 753,875
Deficit for the year (50,063 ) (50,063 )
At 31 December 2022 (51,386 ) 755,198 703,812