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COMPANY REGISTRATION NUMBER: 11949719
BAY TREE ROAD LIMITED
Filleted Unaudited Financial Statements
30 April 2024
BAY TREE ROAD LIMITED
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
4
730,942
731,423
Current assets
Debtors
5
1,450
1,450
Cash at bank and in hand
19,100
10,998
--------
--------
20,550
12,448
Creditors: amounts falling due within one year
6
342,309
336,740
---------
---------
Net current liabilities
321,759
324,292
---------
---------
Total assets less current liabilities
409,183
407,131
Creditors: amounts falling due after more than one year
7
427,515
427,515
---------
---------
Net liabilities
( 18,332)
( 20,384)
---------
---------
BAY TREE ROAD LIMITED
Statement of Financial Position (continued)
30 April 2024
2024
2023
Note
£
£
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 18,432)
( 20,484)
--------
--------
Shareholders deficit
( 18,332)
( 20,384)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 15 January 2025 , and are signed on behalf of the board by:
Mr S Miraftab
Director
Company registration number: 11949719
BAY TREE ROAD LIMITED
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 46 The Ridgeway, North Harrow, Middlesex, HA2 7QN, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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 financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
As disclosed in the Statement of Financial Position on page 3, the company has a deficit of net assets. Of the creditors, £147,365 is owed to the director who has confirmed that no repayment would be demanded at least for the next twelve months. The director has considered the trading requirements of the company for the period exceeding twelve months from the date of this report. Having regard to the above therefore, it is the opinion of the director that the accounts be prepared on the going concern basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
20% reducing balance
4. Tangible assets
Freehold property
Long leasehold property
Fixtures and fittings
Total
£
£
£
£
Cost
At 1 May 2023 and 30 April 2024
359,766
369,252
6,418
735,436
---------
---------
-------
---------
Depreciation
At 1 May 2023
4,013
4,013
Charge for the year
481
481
---------
---------
-------
---------
At 30 April 2024
4,494
4,494
---------
---------
-------
---------
Carrying amount
At 30 April 2024
359,766
369,252
1,924
730,942
---------
---------
-------
---------
At 30 April 2023
359,766
369,252
2,405
731,423
---------
---------
-------
---------
5. Debtors
2024
2023
£
£
Other debtors
1,450
1,450
-------
-------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
342,309
336,740
---------
---------
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
426,065
426,065
Other creditors
1,450
1,450
---------
---------
427,515
427,515
---------
---------
Mortgages of £426,065 (2023 - £426,065) are secured by fixed charges over the company's properties and negative pledge.