REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30th June 2024 |
for |
BARIDWAY PROPERTIES LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30th June 2024 |
for |
BARIDWAY PROPERTIES LIMITED |
BARIDWAY PROPERTIES LIMITED (REGISTERED NUMBER: 04213976) |
Contents of the Financial Statements |
for the Year Ended 30th June 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
BARIDWAY PROPERTIES LIMITED |
Company Information |
for the Year Ended 30th June 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
41 St Thomas's Road |
Chorley |
Lancashire |
PR7 1JE |
BARIDWAY PROPERTIES LIMITED (REGISTERED NUMBER: 04213976) |
Balance Sheet |
30th June 2024 |
30.6.24 | 30.6.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Fair value reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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. |
BARIDWAY PROPERTIES LIMITED (REGISTERED NUMBER: 04213976) |
Balance Sheet - continued |
30th June 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
BARIDWAY PROPERTIES LIMITED (REGISTERED NUMBER: 04213976) |
Notes to the Financial Statements |
for the Year Ended 30th June 2024 |
1. | STATUTORY INFORMATION |
Baridway Properties Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Revenue recognition |
Turnover represents rental income receivable, excluding value added tax. |
Investment property |
Investment properties are properties held to earn rentals, they are initially measured at cost, including transaction costs. Subsequently they are then measured at fair value on an open market basis. Deferred tax is provided on these movements. Gains and losses arising from changes in fair value are included in the Statement of Income and Retained Earnings in the period in which they arise. |
Financial instruments |
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments. |
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. |
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
Cash and cash equivalents |
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1st July 2023 |
and 30th June 2024 |
NET BOOK VALUE |
At 30th June 2024 |
At 30th June 2023 |
BARIDWAY PROPERTIES LIMITED (REGISTERED NUMBER: 04213976) |
Notes to the Financial Statements - continued |
for the Year Ended 30th June 2024 |
4. | INVESTMENT PROPERTY - continued |
Fair value at 30th June 2024 is represented by: |
£ |
Valuation in 2015 | 26,989 |
Cost | 324,266 |
351,255 |
If investment property had not been revalued it would have been included at the following historical cost: |
30.6.24 | 30.6.23 |
£ | £ |
Cost | 324,266 | 324,266 |
Investment property was valued on an open market basis on 30th June 2021 by the directors . |
In the current year, there have been no significant material changes to effect these valuations. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.24 | 30.6.23 |
£ | £ |
Prepayments and accrued income |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.24 | 30.6.23 |
£ | £ |
Other loans |
Trade creditors |
Tax |
Other creditors |
Directors' current accounts | 931 | 931 |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.6.24 | 30.6.23 |
£ | £ |
Other loans - 1-2 years |
Other loans - 2-5 years | 108,000 | 108,000 |
Other loans more 5yrs instal | 45,385 | 63,763 |
Amounts falling due in more than five years: |
Repayable by instalments |
Other loans more 5yrs instal | 45,385 | 63,763 |
BARIDWAY PROPERTIES LIMITED (REGISTERED NUMBER: 04213976) |
Notes to the Financial Statements - continued |
for the Year Ended 30th June 2024 |
8. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
30.6.24 | 30.6.23 |
£ | £ |
Within one year |
Between one and five years |
In more than five years |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.6.24 | 30.6.23 |
value: | £ | £ |
Ordinary | £1 | 2 | 2 |
10. | ULTIMATE CONTROLLING PARTY |
Throughout the current and previous year, Mr MA Livesey & Mr CJE Livesey have controlled the company by virtue of their 100% shareholding. |