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REGISTERED NUMBER: 04567947 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2023

FOR

BAIKIE LANDSCAPE CONSTRUCTION LIMITED

BAIKIE LANDSCAPE CONSTRUCTION LIMITED (REGISTERED NUMBER: 04567947)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BAIKIE LANDSCAPE CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2023







DIRECTORS: Mr P R Baikie
Mr M P Baikie





SECRETARY: Mrs H Johnson





REGISTERED OFFICE: Fleming Court
Leigh Road
Eastleigh
Southampton
Hampshire
SO50 9PD





BUSINESS ADDRESS: The Lonicera Studio
Harts Lane
Burghclere
Newbury
Berkshire
RG20 9JN





REGISTERED NUMBER: 04567947 (England and Wales)






BAIKIE LANDSCAPE CONSTRUCTION LIMITED (REGISTERED NUMBER: 04567947)

BALANCE SHEET
31ST OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 118,251 107,551
Investment property 7 430,000 428,321
548,251 535,872

CURRENT ASSETS
Debtors 8 42,078 67,377
Cash at bank and in hand 200,133 137,347
242,211 204,724
CREDITORS
Amounts falling due within one year 9 124,982 95,562
NET CURRENT ASSETS 117,229 109,162
TOTAL ASSETS LESS CURRENT
LIABILITIES

665,480

645,034

PROVISIONS FOR LIABILITIES 38,010 39,444
NET ASSETS 627,470 605,590

CAPITAL AND RESERVES
Called up share capital 10 1 1
Capital redemption reserve 1 1
Fair value reserve 11 208,350 203,208
Retained earnings 419,118 402,380
SHAREHOLDERS' FUNDS 627,470 605,590

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

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

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 14th February 2024 and were signed on its behalf by:



Mr P R Baikie - Director


BAIKIE LANDSCAPE CONSTRUCTION LIMITED (REGISTERED NUMBER: 04567947)

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


1. STATUTORY INFORMATION

Baikie Landscape Construction 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 historical cost convention as modified by the revaluation of certain assets.

Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax, adjusted for uninvoiced sales at the year end.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

All fixed assets are initially recorded at 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.


BAIKIE LANDSCAPE CONSTRUCTION LIMITED (REGISTERED NUMBER: 04567947)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Grants
Grants relating to assets are recognised in income on a systematic basis of the expected useful life of the asset.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 7 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st November 2022
and 31st October 2023 57,000
AMORTISATION
At 1st November 2022
and 31st October 2023 57,000
NET BOOK VALUE
At 31st October 2023 -
At 31st October 2022 -

Goodwill is being written off in equal annual instalments over its estimated useful economic life of 20 years.

BAIKIE LANDSCAPE CONSTRUCTION LIMITED (REGISTERED NUMBER: 04567947)

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


6. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st November 2022 245,389 100,351 1,697 347,437
Additions 20,709 12,850 - 33,559
Disposals - (9,811 ) - (9,811 )
At 31st October 2023 266,098 103,390 1,697 371,185
DEPRECIATION
At 1st November 2022 156,253 82,725 908 239,886
Charge for year 15,572 7,060 109 22,741
Eliminated on disposal - (9,693 ) - (9,693 )
At 31st October 2023 171,825 80,092 1,017 252,934
NET BOOK VALUE
At 31st October 2023 94,273 23,298 680 118,251
At 31st October 2022 89,136 17,626 789 107,551

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st November 2022 428,321
Revaluations 1,679
At 31st October 2023 430,000
NET BOOK VALUE
At 31st October 2023 430,000
At 31st October 2022 428,321

Fair value at 31st October 2023 is represented by:
£   
Valuation in 2015 125,819
Valuation in 2016 8,976
Valuation in 2017 9,101
Valuation in 2018 14,000
Valuation in 2019 6,000
Valuation in 2020 18,500
Valuation in 2021 19,425
Valuation in 2022 20,396
Valuation in 2023 1,679
Cost 206,104
430,000

BAIKIE LANDSCAPE CONSTRUCTION LIMITED (REGISTERED NUMBER: 04567947)

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


8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 23,001 57,841
Directors' current accounts 8,994 1,907
Prepayments and accrued income 10,083 7,629
42,078 67,377

Included in other debtors is £10,083 (2022: £7,629) in relation to prepayments and accrued income.

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 30,630 29,884
Taxation and social security 45,976 40,397
Other creditors 48,376 25,281
124,982 95,562

Included within other creditors is £6,780 (2022: £6,119) in relation to accruals and deferred income.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary A 1p 1 1

11. RESERVES
Fair
value
reserve
£   
At 1st November 2022 203,208
Fair value movements 5,142

At 31st October 2023 208,350

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st October 2023 and 31st October 2022:

2023 2022
£    £   
Mr P R Baikie
Balance outstanding at start of year 1,907 31,867
Amounts advanced 10,877 23,114
Amounts repaid (3,790 ) (53,074 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,994 1,907

This loan was unsecured with interest charged at HMRC approved rates and was repaid by 6th April 2024.