Company Registration No. 13995431 (England and Wales)
Baron & Thompson Limited
Unaudited accounts
for the year ended 31 March 2024
Baron & Thompson Limited
Unaudited accounts
Contents
Baron & Thompson Limited
Company Information
for the year ended 31 March 2024
Directors
Mr Andrew Thompson
Mrs Jasmine Jean Baron
Company Number
13995431 (England and Wales)
Registered Office
52 Brockwell Park
Kingswood
Hull
HU7 3FH
United Kingdom
Accountants
Symmetry Accounting Services Limited
124 Hungerhill Road
Rotherham
South Yorkshire
S61 3NP
Baron & Thompson Limited
Statement of financial position
as at 31 March 2024
Investment property
200,329
128,426
Cash at bank and in hand
3,895
17,721
Creditors: amounts falling due within one year
(61,808)
(56,375)
Net current liabilities
(56,738)
(36,975)
Total assets less current liabilities
143,591
91,451
Creditors: amounts falling due after more than one year
(139,525)
(90,910)
Called up share capital
4
4
Profit and loss account
4,062
537
Shareholders' funds
4,066
541
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2024 and were signed on its behalf by
Mr Andrew Thompson
Director
Company Registration No. 13995431
Baron & Thompson Limited
Notes to the Accounts
for the year ended 31 March 2024
Baron & Thompson Limited is a private company, limited by shares, registered in England and Wales, registration number 13995431. The registered office is 52 Brockwell Park, Kingswood, Hull, HU7 3FH, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 April 2023
128,426
Amounts falling due within one year
Accrued income and prepayments
-
1,029
Baron & Thompson Limited
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
1,037
-
Taxes and social security
1,075
204
Loans from directors
58,521
55,521
7
Creditors: amounts falling due after more than one year
2024
2023
Charter Court Financial Services Limited has a fixed charge over 211 Alliance Avenue, Hull, HU3 6QY, in respect of the outstanding mortgage balance, which stood at £90,000 as at 31/03/24 (£90,000 at 31/03/23).
Aldermore Bank PLC has a fixed charge over 69 Devon Street, Hull, HU4 6PL, in respect of the outstanding mortgage balance, which stood at £50,561 as at 31/03/24 (N/A at 31/03/23).
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4
4
The Company is controlled by Andrew Thompson and Jasmine Taylor, by virtue of their shareholdings.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).