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REGISTERED NUMBER: 11251972 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Bakerman Properties Limited

Bakerman Properties Limited (Registered number: 11251972)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bakerman Properties Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: W J J Cahill





REGISTERED OFFICE: 840 Ibis Court
Centre Park
Warrington
Cheshire
WA1 1RL





REGISTERED NUMBER: 11251972 (England and Wales)





ACCOUNTANTS: Caroola Accountancy Limited
Plaza 9
KD Tower
Cotterells
Hemel Hempstead
HP1 1FW

Bakerman Properties Limited (Registered number: 11251972)

Balance Sheet
31 March 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 2,349 3,523
Investment property 4 1,276,000 1,115,525
1,278,349 1,119,048

CURRENT ASSETS
Debtors 5 1,557 1,606
Cash at bank 9,034 5,018
10,591 6,624
CREDITORS
Amounts falling due within one year 6 133,155 133,042
NET CURRENT LIABILITIES (122,564 ) (126,418 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,155,785

992,630

CREDITORS
Amounts falling due after more than one
year

7

1,047,385

1,031,725
NET ASSETS/(LIABILITIES) 108,400 (39,095 )

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 108,390 (39,105 )
108,400 (39,095 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Bakerman Properties Limited (Registered number: 11251972)

Balance Sheet - continued
31 March 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 director and authorised for issue on 24 October 2023 and were signed by:





W J J Cahill - Director


Bakerman Properties Limited (Registered number: 11251972)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on reducing balance

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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Bakerman Properties Limited (Registered number: 11251972)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 7,898
DEPRECIATION
At 1 April 2022 4,375
Charge for year 1,174
At 31 March 2023 5,549
NET BOOK VALUE
At 31 March 2023 2,349
At 31 March 2022 3,523

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 1,115,525
Revaluations 160,475
At 31 March 2023 1,276,000
NET BOOK VALUE
At 31 March 2023 1,276,000
At 31 March 2022 1,115,525

Fair value at 31 March 2023 is represented by:
£   
Valuation in 36 6,480
Valuation in 61 16,351
Valuation in 19 3,687
Valuation in 2 21,823
Valuation in 10 18,772
Valuation in 10 76,078
Valuation in 16 8,834
Valuation in 67 8,450
Cost 1,115,525
1,276,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Other debtors 1,557 1,606

Bakerman Properties Limited (Registered number: 11251972)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade creditors - 110
Other creditors 133,155 132,932
133,155 133,042

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/23 31/3/22
£    £   
Bank loans 831,918 821,791
Other creditors 215,467 209,934
1,047,385 1,031,725

Amounts falling due in more than five years:

Repayable by instalments
Mortgage Amount 831,918 821,791