Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31false1No description of principal activity2022-04-01false1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13228827 2022-04-01 2023-03-31 13228827 2021-04-01 2022-03-31 13228827 2023-03-31 13228827 2022-03-31 13228827 c:Director1 2022-04-01 2023-03-31 13228827 d:FreeholdInvestmentProperty 2023-03-31 13228827 d:FreeholdInvestmentProperty 2022-03-31 13228827 d:CurrentFinancialInstruments 2023-03-31 13228827 d:CurrentFinancialInstruments 2022-03-31 13228827 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13228827 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 13228827 d:ShareCapital 2023-03-31 13228827 d:ShareCapital 2022-03-31 13228827 d:RetainedEarningsAccumulatedLosses 2023-03-31 13228827 d:RetainedEarningsAccumulatedLosses 2022-03-31 13228827 c:FRS102 2022-04-01 2023-03-31 13228827 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 13228827 c:FullAccounts 2022-04-01 2023-03-31 13228827 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 13228827









BAYSHORE PROPERTY HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
BAYSHORE PROPERTY HOLDINGS LIMITED
REGISTERED NUMBER: 13228827

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
1,091,757
1,091,757

  
1,091,757
1,091,757

  

Creditors: amounts falling due within one year
 5 
(1,080,691)
(1,091,563)

Net current liabilities
  
 
 
(1,080,691)
 
 
(1,091,563)

Total assets less current liabilities
  
11,066
194

  

Net assets
  
11,066
194


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
10,966
94

  
11,066
194


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 October 2023.




Mark Andrew Hamer
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
BAYSHORE PROPERTY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

The company is a private company limited by shares, registered and incorporated in England & Wales.
The address of the registered office is First Floor, 3 Cumbrian House, 217 Marsh Wall, London, England, E14 9FJ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Page 2

 
BAYSHORE PROPERTY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the 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 specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2022
1,091,757



At 31 March 2023
1,091,757


Comprising


Cost
1,091,757

At 31 March 2023
1,091,757

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



At 31 March 2023




Page 3

 
BAYSHORE PROPERTY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
2,550
22

Other creditors
1,076,521
1,090,221

Accruals and deferred income
1,620
1,320

1,080,691
1,091,563


 
Page 4