Company Registration No. 10621070 (England and Wales)
BAYT PROPERTIES LIMITED
Unaudited accounts
for the year ended 31 March 2024
BAYT PROPERTIES LIMITED
Unaudited accounts
Contents
BAYT PROPERTIES LIMITED
Company Information
for the year ended 31 March 2024
Company Number
10621070 (England and Wales)
Registered Office
FIRST FLOOR OFFICE
114 CRANBROOK ROAD
ILFORD
ESSEX
IG1 4LZ
UNITED KINGDOM
Accountants
SYED ARIF & CO (ACCOUNTANTS)
114 CRANBROOK ROAD
ILFORD
ESSEX
IG1 4LZ
BAYT PROPERTIES LIMITED
Statement of financial position
as at 31 March 2024
Tangible assets
714,664
714,664
Cash at bank and in hand
29,347
6,730
Creditors: amounts falling due within one year
(418,968)
(416,716)
Net current liabilities
(389,621)
(409,986)
Total assets less current liabilities
325,043
304,678
Creditors: amounts falling due after more than one year
(302,308)
(303,061)
Called up share capital
1
1
Profit and loss account
22,734
1,616
Shareholders' funds
22,735
1,617
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 November 2024 and were signed on its behalf by
Mr Omar Raja
Director
Company Registration No. 10621070
BAYT PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 March 2024
BAYT PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10621070. The registered office is FIRST FLOOR OFFICE, 114 CRANBROOK ROAD, ILFORD, ESSEX, IG1 4LZ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
4
Tangible fixed assets
Land & buildings
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
2,151
(1)
Proposed dividends
1,000
-
Other creditors
2,500
2,500
Loans from directors
412,972
412,937
BAYT PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
302,308
303,060
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).