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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
Page
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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
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Baron & Thompson Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
200,329 
128,426 
Current assets
Debtors
1,175 
1,679 
Cash at bank and in hand
3,895 
17,721 
5,070 
19,400 
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)
Net assets
4,066 
541 
Capital and reserves
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
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Baron & Thompson Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
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 taxation
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.
4
Investment property
2024 
£ 
Fair value at 1 April 2023
128,426 
Additions
71,903 
At 31 March 2024
200,329 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
1,029 
Other debtors
1,175 
650 
1,175 
1,679 
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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 
Other creditors
1,175 
650 
Loans from directors
58,521 
55,521 
61,808 
56,375 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
139,525 
90,910 
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).
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4 
4 
9
Controlling party
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).
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