0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 42,059,450 42,059,450 42,059,450 xbrli:pure xbrli:shares iso4217:USD 08652727 2023-01-01 2023-12-31 08652727 2023-12-31 08652727 2022-12-31 08652727 2022-01-01 2022-12-31 08652727 2022-12-31 08652727 2021-12-31 08652727 bus:Director1 2023-01-01 2023-12-31 08652727 core:WithinOneYear 2023-12-31 08652727 core:WithinOneYear 2022-12-31 08652727 core:ShareCapital 2023-12-31 08652727 core:ShareCapital 2022-12-31 08652727 core:SharePremium 2023-12-31 08652727 core:SharePremium 2022-12-31 08652727 core:RetainedEarningsAccumulatedLosses 2023-12-31 08652727 core:RetainedEarningsAccumulatedLosses 2022-12-31 08652727 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 08652727 core:Non-currentFinancialInstruments 2023-12-31 08652727 core:Non-currentFinancialInstruments 2022-12-31 08652727 bus:SmallEntities 2023-01-01 2023-12-31 08652727 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 08652727 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08652727 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08652727 bus:FullAccounts 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 08652727
BAYARD CAPITAL (UK) LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 December 2023
BAYARD CAPITAL (UK) LIMITED
STATEMENT OF FINANCIAL POSITION
31 December 2023
2023
2022
Note
$
$
$
$
FIXED ASSETS
Investments
4
42,059,450
42,059,450
CURRENT ASSETS
Debtors
5
2,885,563
438,453
Cash at bank and in hand
1,401,880
484
------------
---------
4,287,443
438,937
CREDITORS: amounts falling due within one year
6
4,301,871
490,612
------------
---------
NET CURRENT LIABILITIES
14,428
51,675
-------------
-------------
TOTAL ASSETS LESS CURRENT LIABILITIES
42,045,022
42,007,775
-------------
-------------
NET ASSETS
42,045,022
42,007,775
-------------
-------------
CAPITAL AND RESERVES
Called up share capital
101
101
Share premium account
42,048,038
42,048,038
Profit and loss account
( 3,117)
( 40,364)
-------------
-------------
SHAREHOLDERS FUNDS
42,045,022
42,007,775
-------------
-------------
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 income and retained earnings 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 CAPITAL (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 1 July 2024 , and are signed on behalf of the board by:
I C L Hendricks
Director
Company registration number: 08652727
BAYARD CAPITAL (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 Headlands House, 1 Kings Court, Kettering Parkway, Kettering, NN15 6WJ.
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.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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.
Investments
Investments in subsidiaries are recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
4. INVESTMENTS
Shares in group undertakings
$
Cost
At 1 January 2023 and 31 December 2023
42,059,450
-------------
Impairment
At 1 January 2023 and 31 December 2023
-------------
Carrying amount
At 31 December 2023
42,059,450
-------------
At 31 December 2022
42,059,450
-------------
5. DEBTORS
2023
2022
$
$
Amounts owed by group undertakings and undertakings in which the company has a participating interest
2,885,462
438,352
Other debtors
101
101
------------
---------
2,885,563
438,453
------------
---------
6. CREDITORS: amounts falling due within one year
2023
2022
$
$
Amounts owed to group undertakings and undertakings in which the company has a participating interest
4,293,029
489,062
Social security and other taxes
7,292
Other creditors
1,550
1,550
------------
---------
4,301,871
490,612
------------
---------
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.