Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31No description of principal activity2023-04-01false1111truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03754240 2023-04-01 2024-03-31 03754240 2022-04-01 2023-03-31 03754240 2024-03-31 03754240 2023-03-31 03754240 c:Director2 2023-04-01 2024-03-31 03754240 d:ComputerEquipment 2023-04-01 2024-03-31 03754240 d:ComputerEquipment 2024-03-31 03754240 d:ComputerEquipment 2023-03-31 03754240 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03754240 d:CurrentFinancialInstruments 2024-03-31 03754240 d:CurrentFinancialInstruments 2023-03-31 03754240 d:CurrentFinancialInstruments 1 2024-03-31 03754240 d:CurrentFinancialInstruments 1 2023-03-31 03754240 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 03754240 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03754240 d:ShareCapital 2024-03-31 03754240 d:ShareCapital 2023-03-31 03754240 d:RetainedEarningsAccumulatedLosses 2024-03-31 03754240 d:RetainedEarningsAccumulatedLosses 2023-03-31 03754240 c:FRS102 2023-04-01 2024-03-31 03754240 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03754240 c:FullAccounts 2023-04-01 2024-03-31 03754240 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03754240 2 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 03754240









BAYNARDS GREEN MANAGEMENT LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
BAYNARDS GREEN MANAGEMENT LTD
REGISTERED NUMBER: 03754240

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,684
4,251

  
2,684
4,251

Current assets
  

Stocks
 5 
4,320
5,787

Debtors: amounts falling due within one year
 6 
183,716
174,826

Cash at bank and in hand
 7 
1,859,028
1,805,483

  
2,047,064
1,986,096

Creditors: amounts falling due within one year
 8 
(364,940)
(348,856)

Net current assets
  
 
 
1,682,124
 
 
1,637,240

Total assets less current liabilities
  
1,684,808
1,641,491

  

Net assets
  
1,684,808
1,641,491


Capital and reserves
  

Called up share capital 
  
150
150

Profit and loss account
  
1,684,658
1,641,341

  
1,684,808
1,641,491


Page 1

 
BAYNARDS GREEN MANAGEMENT LTD
REGISTERED NUMBER: 03754240
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J Runyard
Director

Date: 28 October 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
BAYNARDS GREEN MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Baynards Green Management Ltd is a private company limited by shares and incorporated in England and Wales (registered number 03754240). The registered office and principal place of business is Baynards Estate Office, 1 Chepstow Place, London, W2 4TE.
The principal activity of the company is that of residential property management services.
The financial statements are presented in Sterling, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future.
At the balance sheet date, the company's assets exceed its liabilities. The company has received assurances from the directors that they will continue to give full financial support to the company for the next twelve months.
Accordingly the directors continued to prepare the financial statements on the going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
BAYNARDS GREEN MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33%
Straight line method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
BAYNARDS GREEN MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 11 (2023 - 11).

Page 5

 
BAYNARDS GREEN MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 April 2023
10,633



At 31 March 2024

10,633



Depreciation


At 1 April 2023
6,382


Charge for the year on owned assets
1,567



At 31 March 2024

7,949



Net book value



At 31 March 2024
2,684



At 31 March 2023
4,251


5.


Stocks

2024
2023
£
£

Finished goods and goods for resale
4,320
5,787

4,320
5,787


Page 6

 
BAYNARDS GREEN MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Trade debtors
104,748
115,480

Amounts owed by joint ventures and associated undertakings
-
1

Other debtors
193
5,000

Prepayments and accrued income
78,775
54,345

183,716
174,826



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,859,028
1,805,483

1,859,028
1,805,483



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
74,347
71,821

Other taxation and social security
475
276

Service charge deposits
76,460
62,022

Other creditors
268
34

Accruals and deferred income
213,390
214,703

364,940
348,856


 
Page 7