Caseware UK (AP4) 2022.0.179 2022.0.179 2023-10-312023-10-31false2022-11-01No description of principal activity55truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02673516 2022-11-01 2023-10-31 02673516 2021-11-01 2022-10-31 02673516 2023-10-31 02673516 2022-10-31 02673516 2021-11-01 02673516 c:CompanySecretary1 2022-11-01 2023-10-31 02673516 c:Director1 2022-11-01 2023-10-31 02673516 c:Director3 2022-11-01 2023-10-31 02673516 c:Director4 2022-11-01 2023-10-31 02673516 c:Director5 2022-11-01 2023-10-31 02673516 c:RegisteredOffice 2022-11-01 2023-10-31 02673516 d:CurrentFinancialInstruments 2023-10-31 02673516 d:CurrentFinancialInstruments 2022-10-31 02673516 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 02673516 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 02673516 d:ShareCapital 2023-10-31 02673516 d:ShareCapital 2022-10-31 02673516 d:RetainedEarningsAccumulatedLosses 2023-10-31 02673516 d:RetainedEarningsAccumulatedLosses 2022-10-31 02673516 d:TaxLossesCarry-forwardsDeferredTax 2023-10-31 02673516 d:TaxLossesCarry-forwardsDeferredTax 2022-10-31 02673516 c:FRS102 2022-11-01 2023-10-31 02673516 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 02673516 c:FullAccounts 2022-11-01 2023-10-31 02673516 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure
Registered number: 02673516











BAYFORDBURY ESTATES LIMITED
 
FINANCIAL STATEMENTS
 
FOR THE YEAR ENDED 31 OCTOBER 2023

 
BAYFORDBURY ESTATES LIMITED
 

COMPANY INFORMATION


DIRECTORS
A. J. Barham 
C. M. Barham 
P. D. Barham 
J. Nordigian 




COMPANY SECRETARY
A. J. Barham



REGISTERED NUMBER
02673516



REGISTERED OFFICE
Bayley Hall
Queens Road

Hertford

SG14 1EN





 
BAYFORDBURY ESTATES LIMITED
 

CONTENTS



Page
Balance Sheet
 
1
Notes to the Financial Statements
 
2 - 6


 
BAYFORDBURY ESTATES LIMITED
REGISTERED NUMBER: 02673516

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

CURRENT ASSETS
  

Stocks
  
2,200
2,200

Debtors
 4 
93,750
100,009

Cash at bank and in hand
  
208,178
97,705

  
304,128
199,914

Creditors: amounts falling due within one year
 5 
(6,067,229)
(6,238,008)

NET LIABILITIES
  
 
 
(5,763,101)
 
 
(6,038,094)


CAPITAL AND RESERVES
  

Allotted, called up and fully paid share capital
  
100
100

Profit and loss account
  
(5,763,201)
(6,038,194)

EQUITY SHAREHOLDERS' DEFICIT
  
(5,763,101)
(6,038,094)


The directors consider 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 directors acknowledge their 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 Directors' Report and the Statement of Income and Retained Earnings in accordance with the 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
31 January 2024.




J. Nordigian
Director


The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
BAYFORDBURY ESTATES LIMITED
 

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

1.


GENERAL INFORMATION

Bayfordbury Estates Limited (registered number: 02673516), having its registered office and principal place of business at Bayley Hall, Queens Road, Hertford, SG14 1EN, is a private limited company 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

GOING CONCERN

At the Balance Sheet date the Company had net liabilities of £5,763,101 (2022: £6,038,094). However the directors deem it appropriate to prepare the financial statements on the going concern basis since C.M. Barham, who is the Company's major creditor, has confirmed her intention to support the Company for the foreseeable future and for a period of at least twelve months from the date of signing of these financial statements.
On this basis, the directors believe that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from the going concern basis of preparation being inappropriate.

  
2.3

STATEMENT OF CASH FLOWS

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

 
2.4

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.

Page 2

 
BAYFORDBURY ESTATES LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

STOCKS

Land and development work in progress is valued at the lower of cost and net realisable value in the normal course of business. 
Interest charges on loans to finance developments are charged to the Statement of Income and
Retained Earnings.

 
2.6

DEBTORS

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

 
2.7

CASH

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

 
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.

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

CREDITORS

Short-term creditors are measured at the transaction price.

Page 3

 
BAYFORDBURY ESTATES LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.10

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings.

The current corporation 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 5 (2022 - 5).

Page 4

 
BAYFORDBURY ESTATES LIMITED
 

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

4.


DEBTORS

2023
2022
£
£

Due within one year

Other debtors
-
1,264

Prepayments and accrued income
-
4,995

Deferred taxation (see below)
93,750
93,750

93,750
100,009



5.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Trade creditors
-
600

Other taxation and social security
57,396
-

Other creditors
6,006,408
6,231,408

Accruals and deferred income
3,425
6,000

6,067,229
6,238,008


Page 5

 
BAYFORDBURY ESTATES LIMITED
 

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

6.


DEFERRED TAXATION




2023
2022


£

£



At beginning of year
93,750
187,500


Credited to profit or loss
-
(93,750)



AT END OF YEAR
93,750
93,750

The deferred tax asset is made up as follows:

2023
2022
£
£


Tax losses carried forward
93,750
93,750


7.


RELATED PARTY TRANSACTIONS

As at 31 October 2023, included within other creditors are amounts due to a director of £6,006,408 (2022: £6,231,408).


Page 6