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REGISTERED NUMBER: 06410703 (England and Wales)

























Unaudited Financial Statements for the Year Ended 31 December 2023

for

Bailey Properties Development Limited

Bailey Properties Development Limited (Registered number: 06410703)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Bailey Properties Development Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: A R Bailey





SECRETARY: Ms S Molyneux





REGISTERED OFFICE: Bailey Business Park
Grimshaw Lane
Bollington
Macclesfield
Cheshire
SK10 5NY





REGISTERED NUMBER: 06410703 (England and Wales)





ACCOUNTANTS: IN Accountancy Limited
2 Station View
Bramhall Moor Lane
Hazel Grove
Stockport
Cheshire
SK7 5ER

Bailey Properties Development Limited (Registered number: 06410703)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 948,316 948,316

CURRENT ASSETS
Debtors 5 143,470 145,625
Cash at bank 55,620 10,878
199,090 156,503
CREDITORS
Amounts falling due within one year 6 13,886 10,133
NET CURRENT ASSETS 185,204 146,370
TOTAL ASSETS LESS CURRENT LIABILITIES 1,133,520 1,094,686

CREDITORS
Amounts falling due after more than one
year

7

1,023,820

1,023,820
NET ASSETS 109,700 70,866

Bailey Properties Development Limited (Registered number: 06410703)

Balance Sheet - continued
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 109,699 70,865
SHAREHOLDERS' FUNDS 109,700 70,866

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 August 2024 and were signed by:





A R Bailey - Director


Bailey Properties Development Limited (Registered number: 06410703)

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

1. STATUTORY INFORMATION

Bailey Properties Development 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.

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.

The investment property is shown at the original purchase price and development cost. 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 1 (2022 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 948,316
NET BOOK VALUE
At 31 December 2023 948,316
At 31 December 2022 948,316

Bailey Properties Development Limited (Registered number: 06410703)

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

5. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors 3,470 -
Other debtors - 5,625
3,470 5,625

Amounts falling due after more than one year:
Amounts owed by associates 140,000 140,000

Aggregate amounts 143,470 145,625

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 105 24
Taxation and social security 11,770 6,157
Other creditors 2,011 3,952
13,886 10,133

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Other creditors 1,023,820 1,023,820

Bailey Properties Development Limited (Registered number: 06410703)

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

8. RELATED PARTY DISCLOSURES

As at 31 December 2023 the company owed the director £1,023,820 (2021: £1,023,820).

Bailey Properties Management Limited

Bailey Properties Management Limited is a company in which A Bailey has a controlling interest.

During the previous year, the company made a loan amounting to £140,000 to Bailey Properties Management Limited. The loan is repayable on demand and the rate of interest charged is 0%.
At the balance sheet date the loan was still outstanding (2022: £140,000) and is presented within debtors due after one year.

9. ULTIMATE CONTROLLING PARTY

The controlling party is A R Bailey.