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REGISTERED NUMBER: 02626608















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Baystate Company Limited

Baystate Company Limited (Registered number: 02626608)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Baystate Company Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: H Desai
R Desai
D J Patel





SECRETARY: R Desai





REGISTERED OFFICE: 19 Shirehall Close
Hendon
London
NW4 2QR





REGISTERED NUMBER: 02626608






Baystate Company Limited (Registered number: 02626608)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,075,000 1,075,000

CURRENT ASSETS
Debtors 5 1,549,677 1,519,677
Cash at bank 327 14,818
1,550,004 1,534,495
CREDITORS
Amounts falling due within one year 6 859,267 880,656
NET CURRENT ASSETS 690,737 653,839
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,765,737

1,728,839

PROVISIONS FOR LIABILITIES 84,378 84,378
NET ASSETS 1,681,359 1,644,461

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Other reserves 337,512 337,512
Retained earnings 1,333,847 1,296,949
SHAREHOLDERS' FUNDS 1,681,359 1,644,461

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.

Baystate Company Limited (Registered number: 02626608)

Balance Sheet - continued
31 July 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 Income Statement has not been delivered.

The financial statements were authorised for issue by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





H Desai - Director


Baystate Company Limited (Registered number: 02626608)

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

1. STATUTORY INFORMATION

Baystate Company Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Key sources of estimation uncertainty and judgements
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reported period.

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 - now fully depreciated

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.

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.

Baystate Company Limited (Registered number: 02626608)

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

2. ACCOUNTING POLICIES - continued

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 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 1,075,000 137,848 1,212,848
DEPRECIATION
At 1 August 2022
and 31 July 2023 - 137,848 137,848
NET BOOK VALUE
At 31 July 2023 1,075,000 - 1,075,000
At 31 July 2022 1,075,000 - 1,075,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 1,549,677 1,519,677

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Taxation and social security 12,859 4,248
Other creditors 846,408 876,408
859,267 880,656

Baystate Company Limited (Registered number: 02626608)

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

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is an amount of £478,977 (2022: £508,977) owed by the company to its directors.

8. RELATED PARTY DISCLOSURES

Included in other debtors is a balance of £1,528,333 (2022: £1,498,333) owed to Forthglen investments Limited a company controlled by common directorship.

Included in other debtors is a balance of £21,343 (2022: £21,343) owed by Pizza Etcetra Limited a company controlled by common directorship.

There are no specific terms of interest or repayments on the above balance.