IRIS Accounts Production v24.1.0.578 08721390 director 1.11.22 31.10.23 31.10.23 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh087213902022-10-31087213902023-10-31087213902022-11-012023-10-31087213902021-10-31087213902021-11-012022-10-31087213902022-10-3108721390ns15:EnglandWales2022-11-012023-10-3108721390ns14:PoundSterling2022-11-012023-10-3108721390ns10:Director12022-11-012023-10-3108721390ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3108721390ns10:SmallEntities2022-11-012023-10-3108721390ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3108721390ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3108721390ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3108721390ns10:FullAccounts2022-11-012023-10-3108721390ns10:RegisteredOffice2022-11-012023-10-3108721390ns5:CurrentFinancialInstruments2023-10-3108721390ns5:CurrentFinancialInstruments2022-10-3108721390ns5:ShareCapital2023-10-3108721390ns5:ShareCapital2022-10-3108721390ns5:RetainedEarningsAccumulatedLosses2023-10-3108721390ns5:RetainedEarningsAccumulatedLosses2022-10-3108721390ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3108721390ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-31
REGISTERED NUMBER: 08721390 (England and Wales)












BALDY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






BALDY LIMITED (REGISTERED NUMBER: 08721390)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BALDY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: N P Moores





REGISTERED OFFICE: 127 Commercial Road
Poole
Dorset
BH14 0JD





REGISTERED NUMBER: 08721390 (England and Wales)

BALDY LIMITED (REGISTERED NUMBER: 08721390)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £ £
FIXED ASSETS
Investments 4 21 12
Investment property 5 162,419 133,333
162,440 133,345

CURRENT ASSETS
Debtors 6 290,844 291,959
Cash at bank 36,005 46,311
326,849 338,270
CREDITORS
Amounts falling due within one year 7 (489,122 ) (465,496 )
NET CURRENT LIABILITIES (162,273 ) (127,226 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

167

6,119

CAPITAL AND RESERVES
Called up share capital 60 60
Retained earnings 107 6,059
SHAREHOLDERS' FUNDS 167 6,119

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BALDY LIMITED (REGISTERED NUMBER: 08721390)

BALANCE SHEET - continued
31 OCTOBER 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 April 2024 and were signed by:





N P Moores - Director


BALDY LIMITED (REGISTERED NUMBER: 08721390)

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


1. STATUTORY INFORMATION

Baldy 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 FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover
Turnover is measured at the fair value of fees and commission received.

Investments in associates
Investments in associate undertakings are recognised 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 Statement of Income and Retained Earnings, 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.

BALDY LIMITED (REGISTERED NUMBER: 08721390)

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


2. ACCOUNTING POLICIES - continued

Financial assets
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Interest in
associate
£
COST
At 1 November 2022 12
Additions 12
Disposals (3 )
At 31 October 2023 21
NET BOOK VALUE
At 31 October 2023 21
At 31 October 2022 12

BALDY LIMITED (REGISTERED NUMBER: 08721390)

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


5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 November 2022 133,333
Additions 29,086
At 31 October 2023 162,419
NET BOOK VALUE
At 31 October 2023 162,419
At 31 October 2022 133,333

Investment property was valued on an open market basis on 31 October 2023 by the director who considers that cost is the fair value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 4,000 -
Other debtors 286,844 291,959
290,844 291,959

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Taxation and social security - 2,259
Other creditors 489,122 463,237
489,122 465,496