Registrar
Registration number:
Sophie LH Baker Limited
for the Period from 20 February 2023 to 28 February 2024
Sophie LH Baker Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Sophie LH Baker Limited
Company Information
Directors |
S L H Baker |
Registered office |
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Accountants |
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Sophie LH Baker Limited
(Registration number: 14675516)
Balance Sheet as at 28 February 2024
Note |
2024 |
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Fixed assets |
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Tangible assets |
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Investment property |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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Net current liabilities |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
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Net liabilities |
( |
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Capital and reserves |
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Called up share capital |
1 |
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Retained earnings |
(12,381) |
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Shareholders' deficit |
(12,380) |
For the financial period ended 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
Director
Sophie LH Baker Limited
Notes to the Unaudited Financial Statements for the Period from 20 February 2023 to 28 February 2024
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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 1A 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.
These financial statements are presented in Sterling (£), which is the company's functional currency.
Going concern
The financial statements have been prepared on a going concern basis.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for rental 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.
Tax
Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.
Depreciation
Depreciation is charged so as to write off the cost or valuation of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Investment property |
Not depreciated |
Furniture and fittings |
3 years straight line |
Sophie LH Baker Limited
Notes to the Unaudited Financial Statements for the Period from 20 February 2023 to 28 February 2024
Investment property
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand.
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.
Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
Sophie LH Baker Limited
Notes to the Unaudited Financial Statements for the Period from 20 February 2023 to 28 February 2024
Tangible assets |
Furniture and fittings |
Total |
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Cost or valuation |
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Additions |
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At 28 February 2024 |
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Depreciation |
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Charge for the period |
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At 28 February 2024 |
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Carrying amount |
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At 28 February 2024 |
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Investment properties |
2024 |
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Additions |
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At 28 February 2024 |
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There has been no valuation of investment property by an independent valuer.
Debtors |
2024 |
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Prepayments |
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Creditors |
Creditors: amounts falling due within one year
2024 |
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Due within one year |
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Directors loan |
59,012 |
Accruals |
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Sophie LH Baker Limited
Notes to the Unaudited Financial Statements for the Period from 20 February 2023 to 28 February 2024
Creditors: amounts falling due after more than one year
Note |
2024 |
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Due after one year |
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Loans and borrowings |
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Creditors falling due after one year include bank loans which are secured against investment property of £121,847.
Creditors include bank loans not repayable by instalments of £121,847 due after more than five years.
Share capital |
Allotted, called up and fully paid shares
2024 |
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No. |
£ |
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1 |
Loans and borrowings |
Non-current loans and borrowings
2024 |
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Bank borrowings |
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