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REGISTERED NUMBER: 08882201 (England and Wales)







Unaudited Financial Statements for the Year Ended 30 June 2024

for

Bay Cottage Properties Limited

Bay Cottage Properties Limited (Registered number: 08882201)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bay Cottage Properties Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr T B Duke
Mrs D E Duke
Mrs C M Thomas





SECRETARY: Mrs C M Thomas





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY





REGISTERED NUMBER: 08882201 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

Bay Cottage Properties Limited (Registered number: 08882201)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 988 1,318
Investment property 5 4,616,531 4,616,531
4,617,519 4,617,849

CURRENT ASSETS
Debtors 6 4,630 4,186
Investments 7 327,101 306,740
Cash at bank 541,004 499,497
872,735 810,423
CREDITORS
Amounts falling due within one year 8 (40,204 ) (34,305 )
NET CURRENT ASSETS 832,531 776,118
TOTAL ASSETS LESS CURRENT LIABILITIES 5,450,050 5,393,967

PROVISIONS FOR LIABILITIES (140,686 ) (111,038 )
NET ASSETS 5,309,364 5,282,929

CAPITAL AND RESERVES
Called up share capital 9 15,000 15,000
Undistributable reserves 10 - 1,810,547
Fair value reserve 10 1,823,553 -
Retained earnings 10 3,470,811 3,457,382
SHAREHOLDERS' FUNDS 5,309,364 5,282,929

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Bay Cottage Properties Limited (Registered number: 08882201)

Balance Sheet - continued
30 June 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 23 September 2024 and were signed on its behalf by:





Mr T B Duke - Director


Bay Cottage Properties Limited (Registered number: 08882201)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Bay Cottage Properties 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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Computer equipment - 33.33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Income Statement

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Current asset investment
Current asset investments are shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Income Statement

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Bay Cottage Properties Limited (Registered number: 08882201)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 6,800 1,121 7,921
DEPRECIATION
At 1 July 2023 5,845 758 6,603
Charge for year 144 186 330
At 30 June 2024 5,989 944 6,933
NET BOOK VALUE
At 30 June 2024 811 177 988
At 30 June 2023 955 363 1,318

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 4,616,531
NET BOOK VALUE
At 30 June 2024 4,616,531
At 30 June 2023 4,616,531

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2017 1,575,382
Valuation in 2021 308,764
Cost 2,732,385
4,616,531

If the investment properties had not been revalued they would have been included at the following historical cost:

30.6.24 30.6.23
£    £   
Cost 2,732,385 2,732,385

The investment properties were valued on an open market basis on 30 June 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Prepayments 4,630 4,186

Bay Cottage Properties Limited (Registered number: 08882201)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CURRENT ASSET INVESTMENTS
30.6.24 30.6.23
£    £   
Listed investments 327,101 306,740

The historical cost of listed investments is £100,301 (2023 - £100,301).

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Tax 31,261 26,842
VAT 1,602 1,238
Accruals and deferred income 7,341 6,225
40,204 34,305

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
3,000 Ordinary £1 3,000 3,000
10,150 Ordinary A £1 10,150 10,150
750 Ordinary B £1 750 750
350 Ordinary C £1 350 350
750 Ordinary D £1 750 750
15,000 15,000

10. RESERVES
Fair
Retained Undistributable value
earnings reserves reserve Totals
£    £    £    £   

At 1 July 2023 3,457,382 1,810,547 - 5,267,929
Profit for the year 81,685 81,685
Dividends (55,250 ) (55,250 )
Assets revalued in period (13,006 ) - 13,006 -
Transfer between reserves - (1,810,547 ) 1,810,547 -
At 30 June 2024 3,470,811 - 1,823,553 5,294,364