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REGISTERED NUMBER: 12713860 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 AUGUST 2021 TO 31 JANUARY 2023

FOR

BAILEYS BAR LIMITED

BAILEYS BAR LIMITED (REGISTERED NUMBER: 12713860)






CONTENTS OF THE FINANCIAL STATEMENTS
for the period 1 August 2021 to 31 January 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BAILEYS BAR LIMITED

COMPANY INFORMATION
for the period 1 August 2021 to 31 January 2023







DIRECTOR: Mr E H Kiani





REGISTERED OFFICE: Po Box 210
Corbets Tey Road
Upminster
Essex
RM14 1WG





REGISTERED NUMBER: 12713860 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

BAILEYS BAR LIMITED (REGISTERED NUMBER: 12713860)

ABRIDGED BALANCE SHEET
31 January 2023

2023 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 577,447 65,896

CURRENT ASSETS
Stocks 30,000 -
Debtors 67,000 9,450
Cash at bank and in hand 40,876 5,252
137,876 14,702
CREDITORS
Amounts falling due within one year 778,029 93,747
NET CURRENT LIABILITIES (640,153 ) (79,045 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(62,706

)

(13,149

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (62,707 ) (13,150 )
SHAREHOLDERS' FUNDS (62,706 ) (13,149 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 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.

BAILEYS BAR LIMITED (REGISTERED NUMBER: 12713860)

ABRIDGED BALANCE SHEET - continued
31 January 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31 January 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 April 2024 and were signed by:





Mr E H Kiani - Director


BAILEYS BAR LIMITED (REGISTERED NUMBER: 12713860)

NOTES TO THE FINANCIAL STATEMENTS
for the period 1 August 2021 to 31 January 2023

1. STATUTORY INFORMATION

Baileys Bar 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. 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.

The accounts have been prepared on the going concern basis as the director is of the opinion that the company will meet its liabilities as and when due, due to the continued support of the director.

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.
Long leasehold - Straight line over 25 years
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% 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 period 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 period 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.

BAILEYS BAR LIMITED (REGISTERED NUMBER: 12713860)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 August 2021 to 31 January 2023

2. ACCOUNTING POLICIES - continued

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.

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.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Govt grants:
Government grants, including non-monetary grants shall not be recognised until there is reasonable assurance that:
(a) the entity will comply with the conditions attaching to them; and
(b) the grants will be received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 35 (2021 - NIL ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2021 68,642
Additions 547,352
At 31 January 2023 615,994
DEPRECIATION
At 1 August 2021 2,746
Charge for period 35,801
At 31 January 2023 38,547
NET BOOK VALUE
At 31 January 2023 577,447
At 31 July 2021 65,896

5. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed an aggregate of £408,452 (2022: £85,014) to companies under common control.