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REGISTERED NUMBER: 04883166 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

BAW ESTATES LIMITED

BAW ESTATES LIMITED (REGISTERED NUMBER: 04883166)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BAW ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: R Beecroft
Mrs J Beecroft





SECRETARY: Mrs J Beecroft





REGISTERED OFFICE: 6-8 Park Street
Wombwell
Barnsley
South Yorkshire
S73 0DJ





REGISTERED NUMBER: 04883166 (England and Wales)





ACCOUNTANTS: Seaman Herbert & Co
36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL

BAW ESTATES LIMITED (REGISTERED NUMBER: 04883166)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,410 3,012
Investment property 5 1,615,000 1,585,000
1,617,410 1,588,012

CURRENT ASSETS
Debtors 6 191,261 136,270
Cash at bank 11,666 40,436
202,927 176,706
CREDITORS
Amounts falling due within one year 7 448,408 53,173
NET CURRENT (LIABILITIES)/ASSETS (245,481 ) 123,533
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,371,929

1,711,545

CREDITORS
Amounts falling due after more than one
year

8

(404,228

)

(827,941

)

PROVISIONS FOR LIABILITIES 10 (156,385 ) (113,267 )
NET ASSETS 811,316 770,337

CAPITAL AND RESERVES
Called up share capital 11 2 2
Fair value reserve 12 533,101 546,189
Retained earnings 12 278,213 224,146
SHAREHOLDERS' FUNDS 811,316 770,337

BAW ESTATES LIMITED (REGISTERED NUMBER: 04883166)

BALANCE SHEET - continued
30 SEPTEMBER 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2024 and were signed on its behalf by:




R Beecroft - Director



Mrs J Beecroft - Director


BAW ESTATES LIMITED (REGISTERED NUMBER: 04883166)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

BAW 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 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 each asset over its estimated useful life.
Office equipment - 20% on reducing balance

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 Profit & Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

BAW ESTATES LIMITED (REGISTERED NUMBER: 04883166)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 October 2022
and 30 September 2023 10,119
DEPRECIATION
At 1 October 2022 7,107
Charge for year 602
At 30 September 2023 7,709
NET BOOK VALUE
At 30 September 2023 2,410
At 30 September 2022 3,012

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022 1,585,000
Revaluations 30,000
At 30 September 2023 1,615,000
NET BOOK VALUE
At 30 September 2023 1,615,000
At 30 September 2022 1,585,000

Fair value at 30 September 2023 is represented by:
£   
Valuation in 2017 19,091
Valuation in 2019 155,516
Valuation in 2020 124,277
Valuation in 2021 360,000
Valuation in 2023 30,000
Cost 926,116
1,615,000

Investment properties have been revalued by the directors based on currently available market data.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 187,172 135,712
Directors' current accounts 3,455 -
Prepayments & accrued income 634 558
191,261 136,270

BAW ESTATES LIMITED (REGISTERED NUMBER: 04883166)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 28,478 33,331
Other loans < 1 year 400,000 -
Trade creditors 1,285 854
Tax 15,435 12,662
Directors' current accounts - 2,891
Accrued expenses 3,210 3,435
448,408 53,173

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 29,179 34,469
Bank loans - 2-5 years 83,931 102,435
Bank loans more 5 yr 291,118 291,037
Other loans - 400,000
404,228 827,941

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr 291,118 291,037

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 432,706 461,272
Other loans < 1 year 400,000 400,000
832,706 861,272

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 156,385 113,267

Deferred
tax
£   
Balance at 1 October 2022 113,267
Movement in year 30
Deferred tax on revaluation 43,088
Balance at 30 September 2023 156,385

BAW ESTATES LIMITED (REGISTERED NUMBER: 04883166)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 ORDINARY £1 2 2

12. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 October 2022 224,146 546,189 770,335
Profit for the year 40,979 40,979
Transfer between reserves (30,000 ) 30,000 -
Deferred tax tfr in reserves 43,088 (43,088 ) -
At 30 September 2023 278,213 533,101 811,314

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£    £   
Mrs J Beecroft and R Beecroft
Balance outstanding at start of year - -
Amounts advanced 3,455 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,455 -

14. RELATED PARTY DISCLOSURES

The company was owed £184,172 from Finmil Ltd (2022 - £134,172) at the balance sheet date from inter company lending. Finmil Ltd is a company under common control.

15. ULTIMATE CONTROLLING PARTY

The directors hold a 100% controlling interest in the issued share capital.