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REGISTERED NUMBER: 02221867 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

BAYRANGE LIMITED

BAYRANGE LIMITED (REGISTERED NUMBER: 02221867)

Contents of the Financial Statements
for the Year Ended 30 June 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


BAYRANGE LIMITED

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr J W Shakespeare
Mrs L Shakespeare
Mr C Winstanley
Mrs B Winstanley



SECRETARY: Mr J W Shakespeare



REGISTERED OFFICE: Butterworth Barlow House
10 Derby Street
Prescot
Liverpool
Merseyside
L34 3LG



REGISTERED NUMBER: 02221867 (England and Wales)



ACCOUNTANTS: Butterworth Barlow
Chartered Accountants
Butterworth Barlow House
10 Derby Street
Prescot
Liverpool
Merseyside
L34 3LG



SOLICITORS: G LLoyd Jones & Co
83 High Street
Prestatyn
North Wales
LL19 9AP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Bayrange Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bayrange Limited for the year ended 30 June 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Bayrange Limited, as a body, in accordance with the terms of our engagement letter dated 21 September 2010. Our work has been undertaken solely to prepare for your approval the financial statements of Bayrange Limited and state those matters that we have agreed to state to the Board of Directors of Bayrange Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bayrange Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bayrange Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Bayrange Limited. You consider that Bayrange Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bayrange Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Butterworth Barlow
Chartered Accountants
Liverpool


19 October 2023

BAYRANGE LIMITED (REGISTERED NUMBER: 02221867)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 345,000 735,000
345,000 735,000

CURRENT ASSETS
Debtors 6 3,171 5,955
Cash at bank 4,439 9,290
7,610 15,245
CREDITORS
Amounts falling due within one year 7 186,036 324,619
NET CURRENT LIABILITIES (178,426 ) (309,374 )
TOTAL ASSETS LESS CURRENT LIABILITIES 166,574 425,626

CAPITAL AND RESERVES
Called up share capital 1,100 1,100
Revaluation reserve 8 185,096 421,436
Retained earnings (19,622 ) 3,090
SHAREHOLDERS' FUNDS 166,574 425,626

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

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

BAYRANGE LIMITED (REGISTERED NUMBER: 02221867)

Balance Sheet - continued
30 June 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 19 October 2023 and were signed on its behalf by:





Mr J W Shakespeare - Director


BAYRANGE LIMITED (REGISTERED NUMBER: 02221867)

Notes to the Financial Statements
for the Year Ended 30 June 2023


1. STATUTORY INFORMATION

Bayrange 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 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 10% on cost
Computer equipment - 25% 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.

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.

BAYRANGE LIMITED (REGISTERED NUMBER: 02221867)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 2,492 1,262 3,754
DEPRECIATION
At 1 July 2022
and 30 June 2023 2,492 1,262 3,754
NET BOOK VALUE
At 30 June 2023 - - -
At 30 June 2022 - - -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 735,000
Disposals (390,000 )
At 30 June 2023 345,000
NET BOOK VALUE
At 30 June 2023 345,000
At 30 June 2022 735,000

Fair value at 30 June 2023 is represented by:
£   
Valuation in 1994 88,555
Valuation in 2005 341,815
Valuation in 2010 2,000
Valuation in 2017 50,000
Valuation in 2020 59,898
Valuation in 2022 (120,832 )
Valuation in 2023 (236,340 )
Cost 159,904
345,000

BAYRANGE LIMITED (REGISTERED NUMBER: 02221867)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


5. INVESTMENT PROPERTY - continued

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

30.6.23 30.6.22
£    £   
Cost 159,904 313,564

Investment properties were valued on a fair value basis on 18 November 2022 by the directors .

In the opinion of the directors this valuation remains appropriate as at 30 June 2023.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Rents in arrears 3,171 3,909
Prepayments - 2,046
3,171 5,955

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Tax 20,565 -
Other creditors 1,000 1,000
Directors' loan accounts 154,372 299,205
Accruals and deferred income 10,099 24,414
186,036 324,619

8. RESERVES
Revaluation
reserve
£   
At 1 July 2022 421,436
Reserve transfer (236,340 )

At 30 June 2023 185,096

9. RELATED PARTY DISCLOSURES

During the year, interest paid to the directors based on the directors' loan account balance was £5,915.65 (2022: £20,638.64). The amount due to the directors as at 30 June 2023 was £154,372 (2022: £299,205).