IRIS Accounts Production v24.1.9.2 13293276 Board of Directors 1.4.23 31.3.24 31.3.24 0 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh132932762023-03-31132932762024-03-31132932762023-04-012024-03-31132932762022-03-31132932762022-04-012023-03-31132932762023-03-3113293276ns15:EnglandWales2023-04-012024-03-3113293276ns14:PoundSterling2023-04-012024-03-3113293276ns10:Director12023-04-012024-03-3113293276ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3113293276ns10:SmallEntities2023-04-012024-03-3113293276ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3113293276ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3113293276ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3113293276ns10:FullAccounts2023-04-012024-03-3113293276ns10:OrdinaryShareClass12023-04-012024-03-3113293276ns10:Director22023-04-012024-03-3113293276ns10:RegisteredOffice2023-04-012024-03-3113293276ns5:CurrentFinancialInstruments2024-03-3113293276ns5:CurrentFinancialInstruments2023-03-3113293276ns5:Non-currentFinancialInstruments2024-03-3113293276ns5:Non-currentFinancialInstruments2023-03-3113293276ns5:ShareCapital2024-03-3113293276ns5:ShareCapital2023-03-3113293276ns5:RetainedEarningsAccumulatedLosses2024-03-3113293276ns5:RetainedEarningsAccumulatedLosses2023-03-3113293276ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3113293276ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3113293276ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 13293276 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Bayt Property Ventures (UK) Limited

Bayt Property Ventures (UK) Limited (Registered number: 13293276)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

Bayt Property Ventures (UK) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs Beatrice Ayantunde
Dr Abraham Abiodun Ayantunde





REGISTERED OFFICE: 143 Eastfield Road
Peterborough
United Kingdom
PE1 4AU





REGISTERED NUMBER: 13293276 (England and Wales)





ACCOUNTANTS: Accountancy Solutions
143 Eastfield Road
Peterborough
Cambridgeshire
PE1 4AU

Bayt Property Ventures (UK) Limited (Registered number: 13293276)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 586,024 449,273

CURRENT ASSETS
Cash at bank and in hand 1,876 2,058

CREDITORS
Amounts falling due within one year 5 180,164 150,569
NET CURRENT LIABILITIES (178,288 ) (148,511 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

407,736

300,762

CREDITORS
Amounts falling due after more than
one year

6

429,262

323,456
NET LIABILITIES (21,526 ) (22,694 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (21,626 ) (22,794 )
SHAREHOLDERS' FUNDS (21,526 ) (22,694 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Bayt Property Ventures (UK) Limited (Registered number: 13293276)

Balance Sheet - continued
31 March 2024


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 approved by the Board of Directors and authorised for issue on 21 July 2024 and were signed on its behalf by:





Dr Abraham Abiodun Ayantunde - Director


Bayt Property Ventures (UK) Limited (Registered number: 13293276)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Bayt Property Ventures (UK) 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 449,273
Additions 136,751
At 31 March 2024 586,024
NET BOOK VALUE
At 31 March 2024 586,024
At 31 March 2023 449,273

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors- Rent Deposit - 900
Other Creditors 86,000 86,000
Directors' current accounts 94,164 63,669
180,164 150,569

Bayt Property Ventures (UK) Limited (Registered number: 13293276)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 2-5 years 429,262 323,456

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary 1 100 100

Bayt Property Ventures (UK) Limited

Report of the Accountants to the Directors of
Bayt Property Ventures (UK) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Accountancy Solutions
143 Eastfield Road
Peterborough
Cambridgeshire
PE1 4AU


Date: .............................................