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REGISTERED NUMBER: 04848553










Bayhill Management Ltd

Unaudited Financial Statements

for the Year Ended 31 October 2023






Bayhill Management Ltd (Registered number: 04848553)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bayhill Management Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Dr Hemant Kumar Patel





SECRETARY: Dr Katherine Mary Patel





REGISTERED OFFICE: The Station House
Station Road
Whalley
Lancashire
BB7 9RT





REGISTERED NUMBER: 04848553






Bayhill Management Ltd (Registered number: 04848553)

Balance Sheet
31 October 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 15,683 20,911
Investment property 5 198,775 1,027,717
214,458 1,048,628

CURRENT ASSETS
Debtors 6 900,743 235,570
Cash at bank 4,150 192
904,893 235,762
CREDITORS
Amounts falling due within one year 7 (284,984 ) (630,554 )
NET CURRENT ASSETS/(LIABILITIES) 619,909 (394,792 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

834,367

653,836

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 834,365 653,834
834,367 653,836

Bayhill Management Ltd (Registered number: 04848553)

Balance Sheet - continued
31 October 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account and Statement of Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 October 2024 and were signed by:





Dr Hemant Kumar Patel - Director


Bayhill Management Ltd (Registered number: 04848553)

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

1. STATUTORY INFORMATION

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
The Station House
Station Road
Whalley
Lancashire
BB7 9RT
Great Britain

2. ACCOUNTING POLICIES

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND KEY ACCOUNTING ESTIMATES
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

STATEMENT OF COMPLIANCE
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section lA smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

BASIS OF PREPARATION
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

REVENUE RECOGNITION
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account and Statement of Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Bayhill Management Ltd (Registered number: 04848553)

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

2. ACCOUNTING POLICIES - continued

INVESTMENT PROPERTY
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

CASH AND CASH EQUIVALENTS
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

TRADE DEBTORS
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

TRADE CREDITORS
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

BORROWINGS
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

SHARE CAPITAL
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

DIVIDENDS
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Bayhill Management Ltd (Registered number: 04848553)

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

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 November 2022
and 31 October 2023 36,170
DEPRECIATION
At 1 November 2022 15,259
Charge for year 5,228
At 31 October 2023 20,487
NET BOOK VALUE
At 31 October 2023 15,683
At 31 October 2022 20,911

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 1,027,717
Additions 3,600
Disposals (832,542 )
At 31 October 2023 198,775
NET BOOK VALUE
At 31 October 2023 198,775
At 31 October 2022 1,027,717

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 38,406
Amounts owed by participating interests 7,860 166,762
Directors' current accounts 891,698 26,479
Prepayments 1,185 3,923
900,743 235,570

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Loans and borrowings (see note 8) - 498,658
Trade creditors 614 50,909
Advance Rent Paid 3,600 3,600
Amounts owed to participating interests 199,603 -
Corporation tax 74,280 10,032
Deferred income - 28,506
Accruals 6,887 38,849
284,984 630,554

Bayhill Management Ltd (Registered number: 04848553)

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

8. LOANS AND BORROWINGS

An analysis of the maturity of loans and borrowings is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loan - 479,985
Bank loan 2 - 18,673
- 498,658