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REGISTERED NUMBER: 07934675 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

BAHIA ESTATES UK LTD

BAHIA ESTATES UK LTD (REGISTERED NUMBER: 07934675)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BAHIA ESTATES UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: J Singh
Mrs A Bahia





REGISTERED OFFICE: 10 Beacon Road
Walsall
West Midlands
WS5 3LF





REGISTERED NUMBER: 07934675 (England and Wales)

BAHIA ESTATES UK LTD (REGISTERED NUMBER: 07934675)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 214,000 214,000

CURRENT ASSETS
Debtors 6 200 194
Cash at bank 28,081 15,926
28,281 16,120
CREDITORS
Amounts falling due within one year 7 119,284 118,342
NET CURRENT LIABILITIES (91,003 ) (102,222 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

122,997

111,778

PROVISIONS FOR LIABILITIES 8 4,581 4,581
NET ASSETS 118,416 107,197

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 24,728 24,728
Retained earnings 93,686 82,467
118,416 107,197

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

BAHIA ESTATES UK LTD (REGISTERED NUMBER: 07934675)

BALANCE SHEET - continued
31 JANUARY 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 26 October 2023 and were signed on its behalf by:





J Singh - Director


BAHIA ESTATES UK LTD (REGISTERED NUMBER: 07934675)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Bahia Estates UK Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements have been prepared under the historic cost convention unless otherwise specified within these accounting policies.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
No significant judgements have had to be made by the directors in preparing these financial statements.
The directors have made key assumptions in the determination of fair value of investment properties in respect of the state of the property market in the locations where the properties are situated and in respect of the range of reasonable fair value estimates of the assets.

TURNOVER
Turnover comprises rental income receivable during the year from the letting of the company's investment property portfolio.
Rental income is recognised on a receivable basis in accordance with short term tenancy agreements to the extent that economic benefits will flow to the Company, the amount of turnover can be reliably measured and it is probable that the Company will receive the consideration due under the agreement.
Turnover is measured as the fair value of the consideration received or receivable.
The company is not registered for Value Added Tax.

INVESTMENT PROPERTY
Investment properties are initially recognised at cost which includes purchase cost and any attributable expenditure.
Investment properties whose fair value can be measured reliably are measured at fair value, which is determined annually by the directors and derived from current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specified asset. No depreciation is provided.
The surplus or deficit on revaluation is recognised in the Income Statement accumulated in a non-distributable reserve.

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.


BAHIA ESTATES UK LTD (REGISTERED NUMBER: 07934675)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

3. 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.

4. EMPLOYEES AND DIRECTORS

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022
and 31 January 2023 214,000
NET BOOK VALUE
At 31 January 2023 214,000
At 31 January 2022 214,000

The 2023 valuations were made by the directors, on an open market value for existing use basis.

Fair value at 31 January 2023 is represented by:
£   
Valuation in 2017 17,438
Valuation in 2019 9,000
Cost 187,562
214,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 200 194

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 2,800 2,711
Other creditors 116,484 115,631
119,284 118,342

Other creditors include an amount payable to the directors of £113,129 (2022 - £113,129).

BAHIA ESTATES UK LTD (REGISTERED NUMBER: 07934675)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 4,581 4,581

Deferred
tax
£   
Balance at 1 February 2022 4,581
Balance at 31 January 2023 4,581

9. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr J Singh and Mrs A Bahia.