31 March 2023 v2024.53.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activity0falsetruexbrli:purexbrli:sharesiso4217:GBP147715652023-03-312024-03-31147715652024-03-3114771565core:WithinOneYear2024-03-3114771565core:AfterOneYear2024-03-3114771565core:ShareCapital2024-03-3114771565core:RetainedEarningsAccumulatedLosses2024-03-3114771565bus:Director12023-03-312024-03-3114771565bus:RegisteredOffice2023-03-312024-03-3114771565core:LandBuildings2023-03-312024-03-3114771565core:LandBuildings2024-03-311477156512023-03-312024-03-3114771565countries:EnglandWales2023-03-312024-03-3114771565bus:AuditExemptWithAccountantsReport2023-03-312024-03-3114771565bus:PrivateLimitedCompanyLtd2023-03-312024-03-3114771565bus:SmallEntities2023-03-312024-03-3114771565bus:FullAccounts2023-03-312024-03-31
Company registration number:
14771565
Baby Homes Ltd
Unaudited Filleted Financial Statements for the year ended
31 March 2024
Baby Homes Ltd
Statement of Financial Position
31 March 2024
2024
Note£
Fixed assets  
Tangible assets 5
211,150
 
Current assets  
Debtors 6
669
 
Cash at bank and in hand
997
 
1,666
 
Creditors: amounts falling due within one year 7
(9,328
)
Net current liabilities
(7,662
)
Total assets less current liabilities 203,488  
Creditors: amounts falling due after more than one year 8
(206,138
)
Net liabilities
(2,650
)
Capital and reserves  
Called up share capital
200
 
Profit and loss account
(2,850
)
Shareholders deficit
(2,650
)
For the 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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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 income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
21 October 2024
, and are signed on behalf of the board by:
Jonathan Hewitt
Director
Company registration number:
14771565
Baby Homes Ltd
Notes to the Financial Statements
Year ended
31 March 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Unit 3 Forman Street
,
Forman Street
,
Derby
,
Derby
,
DE1 1JQ
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Going concern

The financial statements have been prepared on the going concern basis as the director expects the company to continue to be profitable in the foreseeable future.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Land and buildings
Not depreciated

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

4 Average number of employees

The average number of persons employed by the company during the year was Nil.

5 Tangible assets

Land and buildings
£
Cost  
At
31 March 2023
-  
Additions
211,150
 
At
31 March 2024
211,150
 
Depreciation  
At
31 March 2023
and
31 March 2024
-  
Carrying amount  
At
31 March 2024
211,150
 

6 Debtors

2024
£
Other debtors
669
 

7 Creditors: amounts falling due within one year

2024
£
Bank loans and overdrafts
3,149
 
Other creditors
6,179
 
9,328
 
The mortgages included in bank loans and overdrafts are secured.

8 Creditors: amounts falling due after more than one year

2024
£
Bank loans and overdrafts
146,138
 
Other creditors
60,000
 
206,138
 
The mortgages included in bank loans and overdrafts are secured.
Included within creditors: amounts falling due after more than one year is an amount of £131,756 in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

10 Controlling party

The company is under the control of Jonathan Hewitt by virtue of his shareholding in the company.