REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 December 2023 |
for |
Bailey Properties Management Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 December 2023 |
for |
Bailey Properties Management Limited |
Bailey Properties Management Limited (Registered number: 11601845) |
Contents of the Financial Statements |
for the Year Ended 31 December 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Bailey Properties Management Limited |
Company Information |
for the Year Ended 31 December 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
2 Station View |
Bramhall Moor Lane |
Hazel Grove |
Stockport |
Cheshire |
SK7 5ER |
Bailey Properties Management Limited (Registered number: 11601845) |
Balance Sheet |
31 December 2023 |
31.12.23 | 31.12.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS |
Bailey Properties Management Limited (Registered number: 11601845) |
Balance Sheet - continued |
31 December 2023 |
31.12.23 | 31.12.22 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
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 |
Bailey Properties Management Limited (Registered number: 11601845) |
Notes to the Financial Statements |
for the Year Ended 31 December 2023 |
1. | STATUTORY INFORMATION |
Bailey Properties Management Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements are prepared in sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. |
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. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Bailey Properties Management Limited (Registered number: 11601845) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 January 2023 |
and 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.23 | 31.12.22 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.23 | 31.12.22 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.12.23 | 31.12.22 |
£ | £ |
Amounts owed to participating interests | 1,913,008 | 1,913,008 |
Other creditors |
Bailey Properties Management Limited (Registered number: 11601845) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
8. | RELATED PARTY DISCLOSURES |
Bailey International Steeplejack Company Limited |
Bailey International Steeplejack Company Limited is a company in which A Bailey has an ultimate control. |
As at the financial year end the company owed Bailey International Steeplejack Company Limited £1,358,428 (2022: £1,358,428). |
No interest was charged on the loan and no security given. The loan is repayable on demand. |
Bailey Business Park Limited |
Bailey Business Park Limited is a company in which A Bailey has an ultimate control. |
As at the financial year end the company owed Bailey Business Park Limited £155,000 (2022: £155,000). |
No interest was charged on the loan and no security given. The loan is repayable on demand. |
Bailey Court |
Bailey Court is a sole trade business. |
As at the financial year end the company owed Bailey Court £259,580 (2022: £259,580). |
No interest was charged on the loan and no security given. The loan is repayable on demand. |
Bailey Properties Development Ltd |
Bailey Properties Development Ltd is a company in which A Bailey has an ultimate control. |
As at the financial year end the company owed Bailey Properties Development Ltd £140,000 (2022: £140,000). |
No interest was charged on the loan and no security given. The loan is repayable on demand. |
Directors loan |
As at the financial year end date the company owed the director £717,338 (2022: £727,338). No interest was charged on the loan and no security given. The loan is repayable on demand. |
9. | ULTIMATE CONTROLLING PARTY |
The controlling party is A R Bailey. |