Caseware UK (AP4) 2022.0.179 2022.0.179 2023-10-312023-10-3111No description of principal activitytrue2022-11-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsetrue 11978064 2022-11-01 2023-10-31 11978064 2021-11-01 2022-10-31 11978064 2023-10-31 11978064 2022-10-31 11978064 c:Director1 2022-11-01 2023-10-31 11978064 c:RegisteredOffice 2022-11-01 2023-10-31 11978064 d:CurrentFinancialInstruments 2023-10-31 11978064 d:CurrentFinancialInstruments 2022-10-31 11978064 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 11978064 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 11978064 d:ShareCapital 2023-10-31 11978064 d:ShareCapital 2022-10-31 11978064 d:RetainedEarningsAccumulatedLosses 2023-10-31 11978064 d:RetainedEarningsAccumulatedLosses 2022-10-31 11978064 c:FRS102 2022-11-01 2023-10-31 11978064 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 11978064 c:FullAccounts 2022-11-01 2023-10-31 11978064 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 11978064 2 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure
Registered number: 11978064


 
 
 
 
 
 
 
 
 
BAYLEY HALL RENTALS LTD
FINANCIAL STATEMENTS
 
FOR THE YEAR ENDED 31 OCTOBER 2023

 
BAYLEY HALL RENTALS LTD
 

COMPANY INFORMATION


DIRECTOR
A. J. Barham 




REGISTERED NUMBER
11978064



REGISTERED OFFICE
Bayley Hall
Queens Road

Hertford

Hertfordshire

SG14 1EN





 
BAYLEY HALL RENTALS LTD
 

CONTENTS



Page
Balance Sheet
 
1
Notes to the Financial Statement
 
2 - 4


 
BAYLEY HALL RENTALS LTD
REGISTERED NUMBER: 11978064

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

CURRENT ASSETS
  

Debtors
 4 
11,855
10,738

Cash at bank and in hand
  
118,930
174,252

  
130,785
184,990

Creditors: amounts falling due within one year
 5 
(41,415)
(120,099)

NET ASSETS
  
 
 
89,370
 
 
64,891


CAPITAL AND RESERVES
  

Allotted, called up and fully paid share capital
  
100
100

Profit and loss account
  
89,270
64,791

EQUITY SHAREHOLDER'S FUNDS
  
89,370
64,891


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 Director's Report and the Statement of Income and Retained Earnings in accordance with provisions applicable to companies subject to the small companies regime, under section 444 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on
08 February 2024.




A. J. Barham
Director

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

Page 1

 
BAYLEY HALL RENTALS LTD
 

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

1.


GENERAL INFORMATION

Bayley Hall Rentals Ltd (company number: 11978064), having its registered office and principal place of business at Bayley Hall, Queens Road, Hertford, Hertfordshire, SG14 1EN, is a private company limited by shares incorporated in England and Wales.

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

STATEMENT OF CASH FLOWS

The Company has taken advantage of the exemption in Financial Reporting Standard 102, Section 1A.7 from the requirement to produce a Statement of Cash Flows on the grounds that it is a small company.

 
2.3

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

 
2.4

INTEREST INCOME

Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.

 
2.5

DEBTORS

Short-term debtors are measured at transaction price, less any impairment.

 
2.6

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Page 2

 
BAYLEY HALL RENTALS LTD
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.7

CREDITORS

Short-term creditors are measured at the transaction price.

 
2.8

FINANCIAL INSTRUMENTS

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the Balance Sheet date.

 
2.9

TAXATION

Tax is recognised in the Statement of Income and Retained Earnings.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.


3.


EMPLOYEES

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

Page 3

 
BAYLEY HALL RENTALS LTD
 

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

4.


DEBTORS

2023
2022
£
£

Amounts falling due within one year

Trade debtors
6,355
5,238

Prepayments and accrued income
5,500
5,500

11,855
10,738



5.


CREDITORS: Amounts falling due within one year

2023
2022
£
£

Trade creditors
6,718
845

Corporation tax
6,045
7,753

Other creditors
9,365
96,365

Accruals and deferred income
19,287
15,136

41,415
120,099



6.


RELATED PARTY TRANSACTIONS

Included within other creditors are amounts due to the director of £3,007 (2022: £90,007).
During the year ended 31 October 2023, the Company paid rent of £66,000 
(2022: £66,000). Of this amount, £33,000 was payable to the director.


Page 4