IRIS Accounts Production v24.1.0.578 09652585 Board of Directors 1.8.22 31.7.23 31.7.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh096525852022-07-31096525852023-07-31096525852022-08-012023-07-31096525852021-07-31096525852021-08-012022-07-31096525852022-07-3109652585ns15:EnglandWales2022-08-012023-07-3109652585ns14:PoundSterling2022-08-012023-07-3109652585ns10:Director12022-08-012023-07-3109652585ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3109652585ns10:SmallEntities2022-08-012023-07-3109652585ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3109652585ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3109652585ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3109652585ns10:FullAccounts2022-08-012023-07-3109652585ns10:OrdinaryShareClass12022-08-012023-07-3109652585ns10:Director22022-08-012023-07-3109652585ns10:Director32022-08-012023-07-3109652585ns10:Director42022-08-012023-07-3109652585ns10:RegisteredOffice2022-08-012023-07-3109652585ns5:CurrentFinancialInstruments2023-07-3109652585ns5:CurrentFinancialInstruments2022-07-3109652585ns5:Non-currentFinancialInstruments2023-07-3109652585ns5:Non-currentFinancialInstruments2022-07-3109652585ns5:ShareCapital2023-07-3109652585ns5:ShareCapital2022-07-3109652585ns5:RetainedEarningsAccumulatedLosses2023-07-3109652585ns5:RetainedEarningsAccumulatedLosses2022-07-3109652585ns5:PlantMachinery2022-08-012023-07-3109652585ns5:LandBuildings2022-07-3109652585ns5:PlantMachinery2022-07-3109652585ns5:LandBuildings2022-08-012023-07-3109652585ns5:LandBuildings2023-07-3109652585ns5:PlantMachinery2023-07-3109652585ns5:LandBuildings2022-07-3109652585ns5:PlantMachinery2022-07-3109652585ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3109652585ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3109652585ns10:OrdinaryShareClass12023-07-31
REGISTERED NUMBER: 09652585 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Baines Estates Limited

Baines Estates Limited (Registered number: 09652585)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Baines Estates Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: G H R Baines
Ms M S Baines
H T D Baines
J H R Baines





REGISTERED OFFICE: Lodge Farm
Carlton Scroop
Grantham
NG32 3AZ





REGISTERED NUMBER: 09652585 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Northgate House
Northgate
Sleaford
Lincolnshire
NG34 7BZ

Baines Estates Limited (Registered number: 09652585)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 643,011 560,735

CURRENT ASSETS
Stocks 130,000 130,000
Debtors 5 49,346 47,569
Cash at bank 229,617 322,564
408,963 500,133
CREDITORS
Amounts falling due within one year 6 145,037 304,899
NET CURRENT ASSETS 263,926 195,234
TOTAL ASSETS LESS CURRENT
LIABILITIES

906,937

755,969

CREDITORS
Amounts falling due after more than one
year

7

(21,841

)

(31,699

)

PROVISIONS FOR LIABILITIES (114,705 ) (98,519 )
NET ASSETS 770,391 625,751

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 770,291 625,651
SHAREHOLDERS' FUNDS 770,391 625,751

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 11 April 2024 and were signed on its behalf by:





G H R Baines - Director


Baines Estates Limited (Registered number: 09652585)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Baines Estates 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.

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 each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Baines Estates Limited (Registered number: 09652585)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 32,586 943,030 975,616
Additions - 205,670 205,670
Disposals - (8,208 ) (8,208 )
At 31 July 2023 32,586 1,140,492 1,173,078
DEPRECIATION
At 1 August 2022 - 414,881 414,881
Charge for year - 120,724 120,724
Eliminated on disposal - (5,538 ) (5,538 )
At 31 July 2023 - 530,067 530,067
NET BOOK VALUE
At 31 July 2023 32,586 610,425 643,011
At 31 July 2022 32,586 528,149 560,735

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 16,119 22,622
Other debtors 33,227 24,947
49,346 47,569

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,727 25,326
Trade creditors 68,562 158,588
Taxation and social security 57,012 70,622
Other creditors 9,736 50,363
145,037 304,899

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 21,841 31,699

8. CALLED UP SHARE CAPITAL

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

9. ULTIMATE CONTROLLING PARTY

The company is owned by the directors who own all of the issued share capital.