IRIS Accounts Production v24.1.4.33 08491487 Board of Directors Board of Directors 1.5.23 30.4.24 30.4.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh084914872023-04-30084914872024-04-30084914872023-05-012024-04-30084914872022-04-30084914872022-05-012023-04-30084914872023-04-3008491487ns15:EnglandWales2023-05-012024-04-3008491487ns14:PoundSterling2023-05-012024-04-3008491487ns10:Director12023-05-012024-04-3008491487ns10:Director22023-05-012024-04-3008491487ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3008491487ns10:SmallEntities2023-05-012024-04-3008491487ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3008491487ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3008491487ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3008491487ns10:FullAccounts2023-05-012024-04-3008491487ns10:Director32023-05-012024-04-3008491487ns10:RegisteredOffice2023-05-012024-04-3008491487ns10:Director42023-05-012024-04-3008491487ns5:CurrentFinancialInstruments2024-04-3008491487ns5:CurrentFinancialInstruments2023-04-3008491487ns5:ShareCapital2024-04-3008491487ns5:ShareCapital2023-04-3008491487ns5:RetainedEarningsAccumulatedLosses2024-04-3008491487ns5:RetainedEarningsAccumulatedLosses2023-04-3008491487ns5:LandBuildings2023-04-3008491487ns5:PlantMachinery2023-04-3008491487ns5:LandBuildings2023-05-012024-04-3008491487ns5:PlantMachinery2023-05-012024-04-3008491487ns5:LandBuildings2024-04-3008491487ns5:PlantMachinery2024-04-3008491487ns5:RetainedEarningsAccumulatedLosses2023-04-3008491487ns5:RetainedEarningsAccumulatedLosses2023-05-012024-04-30
REGISTERED NUMBER: 08491487 (England and Wales)



Report of the Directors and

Financial Statements for the Year Ended 30 April 2024

for

Bayelsa Development & Investment Company
Ltd

Bayelsa Development & Investment Company
Ltd (Registered number: 08491487)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 4


Bayelsa Development & Investment Company
Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Ms Debra Louise Koroye
Ms. Patience Ranami Abah
Mr. Allison Amachree Rollins





REGISTERED OFFICE: c\o Krypton Consulting Ltd
Unit 6 Town Quay Wharf
Abbey Road
Barking
Essex
IG11 7BZ





REGISTERED NUMBER: 08491487 (England and Wales)





ACCOUNTANTS: Argon & Krypton Consulting Ltd
(Chartered Certified Accountants & Tax Advisers)
Unit 6
Town Quay Wharf
Abbey Road
Barking
Essex
IG11 7BZ

Bayelsa Development & Investment Company
Ltd (Registered number: 08491487)

Report of the Directors
for the Year Ended 30 April 2024

The directors present their report with the financial statements of the company for the year ended 30 April 2024.

DIRECTORS
The directors set out in the table below have held office during the whole of the period from 1 May 2023 to the date of this report unless otherwise stated.

Other changes in directors holding office are as follows:

Mr. Preye Agedah - resigned 3.10.23

The directors shown below were in office at 30 April 2024 but did not hold any interest in the Ordinary shares of £1 each at 1 May 2023 or 30 April 2024.

Ms Debra Louise Koroye
Ms. Patience Ranami Abah
Mr. Allison Amachree Rollins

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Ms Debra Louise Koroye - Director


16 January 2025

Bayelsa Development & Investment Company
Ltd (Registered number: 08491487)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,200,000 -

CURRENT ASSETS
Cash at bank 101,185 68,322

CREDITORS
Amounts falling due within one year 5 8,096 12,555
NET CURRENT ASSETS 93,089 55,767
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,293,089

55,767

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 6 3,293,088 55,766
SHAREHOLDERS' FUNDS 3,293,089 55,767

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 January 2025 and were signed on its behalf by:



Ms Debra Louise Koroye - Director



Mr. Allison Amachree Rollins - Director


Bayelsa Development & Investment Company
Ltd (Registered number: 08491487)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Bayelsa Development & Investment Company Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Bayelsa Development & Investment Company
Ltd (Registered number: 08491487)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 - 158,080 158,080
Additions 3,200,000 - 3,200,000
At 30 April 2024 3,200,000 158,080 3,358,080
DEPRECIATION
At 1 May 2023
and 30 April 2024 - 158,080 158,080
NET BOOK VALUE
At 30 April 2024 3,200,000 - 3,200,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Accountancy 8,096 12,555

6. RESERVES
Retained
earnings
£   

At 1 May 2023 55,766
Profit for the year 27,322
BD Corporation Investments 3,210,000
At 30 April 2024 3,293,088