Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Mr A E Browne 06/03/2013 Mr S H Gregory 01/08/2012 16 October 2024 The principal activity of the Company during the financial year was the provision of property related services. The Company has not traded during this or the prior financial year. 02215486 2024-03-31 02215486 bus:Director1 2024-03-31 02215486 bus:Director2 2024-03-31 02215486 core:CurrentFinancialInstruments 2024-03-31 02215486 core:CurrentFinancialInstruments 2023-03-31 02215486 2023-03-31 02215486 core:ShareCapital 2024-03-31 02215486 core:ShareCapital 2023-03-31 02215486 core:RetainedEarningsAccumulatedLosses 2024-03-31 02215486 core:RetainedEarningsAccumulatedLosses 2023-03-31 02215486 bus:OrdinaryShareClass1 2024-03-31 02215486 2023-04-01 2024-03-31 02215486 bus:FilletedAccounts 2023-04-01 2024-03-31 02215486 bus:SmallEntities 2023-04-01 2024-03-31 02215486 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 02215486 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02215486 bus:Director1 2023-04-01 2024-03-31 02215486 bus:Director2 2023-04-01 2024-03-31 02215486 2022-04-01 2023-03-31 02215486 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 02215486 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 02215486 1 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 02215486 (England and Wales)

M BAKER (SOUTH WEST) LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

M BAKER (SOUTH WEST) LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

M BAKER (SOUTH WEST) LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2024
M BAKER (SOUTH WEST) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2024
2024 2023
£ £
Current assets
Debtors 3 307,385 218,534
Cash at bank and in hand 12,768 14,576
320,153 233,110
Creditors: amounts falling due within one year 4 ( 1,376,711) ( 1,287,484)
Net current liabilities (1,056,558) (1,054,374)
Total assets less current liabilities (1,056,558) (1,054,374)
Net liabilities ( 1,056,558) ( 1,054,374)
Capital and reserves
Called-up share capital 5 2 2
Profit and loss account ( 1,056,560 ) ( 1,054,376 )
Total shareholder's deficit ( 1,056,558) ( 1,054,374)

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of M Baker (South West) Limited (registered number: 02215486) were approved and authorised for issue by the Board of Directors on 16 October 2024. They were signed on its behalf by:

Mr A E Browne
Director
M BAKER (SOUTH WEST) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
M BAKER (SOUTH WEST) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

M Baker (South West) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales (registered number: 02215486). The address of the Company's registered office is 2nd Floor Stratus House Emperor Way, Exeter Business Park, Exeter, EX1 3QS, United Kingdom. The principal place of business is Senate Court, Southernhay Gardens, Exeter, EX1 1NT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The Company has an excess of liabilities over assets. The Company relies on the continued support from other group companies which is expected to continue. The Group has expressed willingness to continue to support the Company for the foreseeable future. On that basis, the directors consider it appropriate to continue to prepare the financial statements on the going concern basis.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Reserves - Profit and loss account

The profit and loss account represents the accumulated profits less dividends.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 307,385 218,534

4. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to Group undertakings 1,372,428 1,285,165
Accruals 1,964 0
Other creditors 2,319 2,319
1,376,711 1,287,484

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2

6. Related party transactions

Transactions with entities in which the entity itself has a participating interest

2024 2023
£ £
Included in other creditors at 31 March 2024 is £2,319 owing to a company under common control (2023: £2,319). 2,319 2,319

7. Ultimate controlling party

The directors consider that the ultimate parent undertaking of this company is its parent company, M Baker (Holdings) Limited, a company incorporated in Great Britain.