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COMPANY REGISTRATION NUMBER: 13788583
BAYARD MANAGEMENT (UK) LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 December 2023
BAYARD MANAGEMENT (UK) LIMITED
STATEMENT OF FINANCIAL POSITION
31 December 2023
2023
2022
Note
$
$
$
$
CURRENT ASSETS
Debtors
4
653,937
1
Cash at bank and in hand
17,796,110
17,527,243
-------------
-------------
18,450,047
17,527,244
CREDITORS: amounts falling due within one year
5
90,229
17,530,111
-------------
-------------
NET CURRENT ASSETS/(LIABILITIES)
18,359,818
( 2,867)
-------------
-------
TOTAL ASSETS LESS CURRENT LIABILITIES
18,359,818
( 2,867)
CREDITORS: amounts falling due after more than one year
6
18,362,848
-------------
-------
NET LIABILITIES
( 3,030)
( 2,867)
-------------
-------
CAPITAL AND RESERVES
Called up share capital fully paid
1
1
Profit and loss account
( 3,031)
( 2,868)
-------
-------
SHAREHOLDERS DEFICIT
( 3,030)
( 2,867)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
BAYARD MANAGEMENT (UK) LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 13 September 2024 , and are signed on behalf of the board by:
I Hendricks
Director
Company registration number: 13788583
BAYARD MANAGEMENT (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in dollars, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
4. DEBTORS
2023
2022
$
$
Other debtors
653,937
1
---------
----
5. CREDITORS: amounts falling due within one year
2023
2022
$
$
Bank loans and overdrafts
662
Amounts owed to group undertakings and undertakings in which the company has a participating interest
86,717
17,501,000
Other creditors
2,850
29,111
--------
-------------
90,229
17,530,111
--------
-------------
6. CREDITORS: amounts falling due after more than one year
2023
2022
$
$
Amounts owed to group undertakings and undertakings in which the company has a participating interest
18,362,848
-------------
----
7. RELATED PARTY TRANSACTIONS
The company has participated in transactions with related parties and has exercised the exemption allowed under FRS 102 not to disclose transactions with entities, 100% of whose voting rights are controlled within the group.
8. CONTROLLING PARTY
The company's ultimate controlling party is Mr A C O'Reilly.