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REGISTERED NUMBER: 06689929 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Baysmill Limited

Baysmill Limited (Registered number: 06689929)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Baysmill Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: A Shah





SECRETARY: K Shah





REGISTERED OFFICE: 106-108 Burnt Oak Broadway
Edgware
Middlesex
HA8 0BE





REGISTERED NUMBER: 06689929 (England and Wales)

Baysmill Limited (Registered number: 06689929)

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54 72
Investment property 5 620,000 620,000
620,054 620,072

CURRENT ASSETS
Debtors 560 18
Cash at bank 479,797 438,597
480,357 438,615
CREDITORS
Amounts falling due within one year 39,728 35,306
NET CURRENT ASSETS 440,629 403,309
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,060,683

1,023,381

CREDITORS
Amounts falling due after more than one
year

(554,210

)

(554,210

)

PROVISIONS FOR LIABILITIES (22,986 ) (22,986 )
NET ASSETS 483,487 446,185

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 6 91,942 91,942
Retained earnings 391,445 354,143
SHAREHOLDERS' FUNDS 483,487 446,185

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.

Baysmill Limited (Registered number: 06689929)

Abridged Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 26 September 2024 and were signed by:





A Shah - Director


Baysmill Limited (Registered number: 06689929)

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

1. STATUTORY INFORMATION

Baysmill 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.

Income
Income represents rent receivable.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 709
DEPRECIATION
At 1 January 2023 637
Charge for year 18
At 31 December 2023 655
NET BOOK VALUE
At 31 December 2023 54
At 31 December 2022 72

Baysmill Limited (Registered number: 06689929)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 620,000
NET BOOK VALUE
At 31 December 2023 620,000
At 31 December 2022 620,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2014 30,314
Valuation in 2015 54,614
Valuation in 2016 30,000
Cost 505,072
620,000

Investment properties were valued on an open market basis on 31 December 2023 by the director .

6. RESERVES
Fair
value
reserve
£   
At 1 January 2023
and 31 December 2023 91,942