Company registration number 06934522 (England and Wales)
GEORGE BAYLIS COURT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
GEORGE BAYLIS COURT LIMITED
COMPANY INFORMATION
Directors
Mr P J Doyle
Mr J P Doyle
Mr B J A Jenkins
Secretary
Mr P J Doyle
Company number
06934522
Registered office
Unit 1 George Baylis Court
George Baylis Road
Berry Hill Industrial Estate
Droitwich
Worcestershire
WR9 9RB
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
NatWest Bank Plc
1 The Cross
Worcester
Worcestershire
WR1 3PR
GEORGE BAYLIS COURT LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
GEORGE BAYLIS COURT LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF GEORGE BAYLIS COURT LIMITED FOR THE YEAR ENDED 29 JUNE 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of George Baylis Court Limited for the year ended 29 June 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of George Baylis Court Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of George Baylis Court Limited and state those matters that we have agreed to state to the board of directors of George Baylis Court Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than George Baylis Court Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that George Baylis Court Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of George Baylis Court Limited. You consider that George Baylis Court Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of George Baylis Court Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ormerod Rutter Limited
2 September 2024
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
GEORGE BAYLIS COURT LIMITED
BALANCE SHEET
AS AT 29 JUNE 2024
29 June 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
3
133,855
123,883
Investments
4
949
949
134,804
124,832
Current assets
Debtors
5
37,361
601
Cash at bank and in hand
3,487
11,311
40,848
11,912
Creditors: amounts falling due within one year
6
(12,554)
(17,508)
Net current assets/(liabilities)
28,294
(5,596)
Total assets less current liabilities
163,098
119,236
Creditors: amounts falling due after more than one year
7
(32,430)
(42,275)
Net assets
130,668
76,961
Capital and reserves
Called up share capital
9
200
200
Profit and loss reserves
130,468
76,761
Total equity
130,668
76,961

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 29 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

GEORGE BAYLIS COURT LIMITED
BALANCE SHEET (CONTINUED)
AS AT 29 JUNE 2024
29 June 2024
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 2 September 2024 and are signed on its behalf by:
Mr P J Doyle
Director
Company registration number 06934522 (England and Wales)
GEORGE BAYLIS COURT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JUNE 2024
- 4 -
1
Accounting policies
Company information

George Baylis Court Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 1 George Baylis Court, George Baylis Road, Berry Hill Industrial Estate, Droitwich, Worcestershire, England, WR9 9RB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention, modified to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for rents provided in the normal course of business.

Revenue from the provision of property rental is recognised by reference to the period of its occupancy and where the amount of rent can be measured reliably.

1.3
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

 

Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

GEORGE BAYLIS COURT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 JUNE 2024
1
Accounting policies
(Continued)
- 5 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
3
3
Investment property
2024
£
Fair value
At 30 June 2023
123,883
Additions
9,972
At 29 June 2024
133,855

The directors have assessed the market value of the properties and consider that there has been no significant change in the market value at the year end.

4
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
949
949
GEORGE BAYLIS COURT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 JUNE 2024
- 6 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
3,000
-
0
Amounts owed by group undertakings
8,982
1
Other debtors
25,379
600
37,361
601
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
8,630
9,678
Taxation and social security
3,000
2,908
Other creditors
924
4,922
12,554
17,508
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
32,430
42,275
8
Secured debts
The following secured debts are included within creditors:
2024
2023
£
£
Bank loans
41,060
51,953
Bank loans are secured by way of a fixed and floating charge over all assets of the company and a government-backed guarantee.
9
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
66
66
66
66
Ordinary B of £1 each
1
1
1
1
Ordinary C of £1 each
66
66
66
66
Ordinary D of £1 each
66
66
66
66
Ordinary E of £1 each
1
1
1
1
200
200
200
200
GEORGE BAYLIS COURT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 JUNE 2024
9
Called up share capital
(Continued)
- 7 -
10
Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11
Directors' transactions

Advances or credits have been granted by the company to its directors as follows:

Description
% Rate
Opening balance
Amounts advanced
Closing balance
£
£
£
Loan accounts
-
-
24,179
24,179
-
24,179
24,179

The directors' loan accounts were repaid within nine months of the year end.

12
Ultimate controlling party

There is no ultimate controlling party.

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