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REGISTERED NUMBER: 13567508 (England and Wales)












FINANCIAL STATEMENTS

FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024

FOR

BAILEY CAPITAL INVESTMENT GROUP LIMITED

BAILEY CAPITAL INVESTMENT GROUP LIMITED (REGISTERED NUMBER: 13567508)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BAILEY CAPITAL INVESTMENT GROUP LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024







DIRECTOR: W G Bailey





REGISTERED OFFICE: Ground Floor
Finchale House
Belmont Business Park
Durham
DH1 1TW





REGISTERED NUMBER: 13567508 (England and Wales)





ACCOUNTANTS: RMT Ribchesters
Accountants and Business Advisors
Finchale House
Belmont Business Park
Durham
DH1 1TW

BAILEY CAPITAL INVESTMENT GROUP LIMITED (REGISTERED NUMBER: 13567508)

BALANCE SHEET
29 FEBRUARY 2024

2024 2022
Notes £    £   
CURRENT ASSETS
Stocks 435,593 -
Debtors 4 1,200 2,550
Cash at bank 23,359 -
460,152 2,550
CREDITORS
Amounts falling due within one year 5 631,311 -
NET CURRENT (LIABILITIES)/ASSETS (171,159 ) 2,550
TOTAL ASSETS LESS CURRENT
LIABILITIES

(171,159

)

2,550

CAPITAL AND RESERVES
Called up share capital 6 2,550 2,550
Retained earnings (173,709 ) -
SHAREHOLDERS' FUNDS (171,159 ) 2,550

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2024 and were signed by:





W G Bailey - Director


BAILEY CAPITAL INVESTMENT GROUP LIMITED (REGISTERED NUMBER: 13567508)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Bailey Capital Investment Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern
The directors have considered the future cashflows of the company and the expected working capital available to the company for a period in excess of 12 months from the date of this report. They are satisfied that the company will generate sufficient resources to continue operations. The financial statements have therefore been prepared on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Other debtors 1,200 2,550

BAILEY CAPITAL INVESTMENT GROUP LIMITED (REGISTERED NUMBER: 13567508)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade creditors 60,188 -
Other creditors 571,123 -
631,311 -

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2022
value: £    £   
50 Ordinary A 50 2,500 2,500
50 Ordinary B 1 50 50
2,550 2,550

7. RELATED PARTY DISCLOSURES

During the period the directors made interest free loans to the company. As at 29 February 2024 the balance on the loans were £289,123 (2022: £Nil).