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REGISTERED NUMBER: 06204900 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Bailey & Bonniface Limited

Bailey & Bonniface Limited (Registered number: 06204900)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Bailey & Bonniface Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: R Bonniface
R Bailey





SECRETARY: R Bonniface





REGISTERED OFFICE: 147a High Street
Waltham Cross
Hertfordshire
EN8 7AP





REGISTERED NUMBER: 06204900 (England and Wales)





ACCOUNTANTS: Thickbroom Coventry Limited
Chartered Accountants
147a High Street
Waltham Cross
EN8 7AP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Bailey & Bonniface Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bailey & Bonniface Limited for the year ended 31 May 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Bailey & Bonniface Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bailey & Bonniface Limited and state those matters that we have agreed to state to the Board of Directors of Bailey & Bonniface Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bailey & Bonniface Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bailey & Bonniface Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bailey & Bonniface Limited. You consider that Bailey & Bonniface Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bailey & Bonniface Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Thickbroom Coventry Limited
Chartered Accountants
147a High Street
Waltham Cross
EN8 7AP


Date: .............................................

Bailey & Bonniface Limited (Registered number: 06204900)

Statement of Financial Position
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 526,462 532,344
Investments 5 857,281 796,566
1,383,743 1,328,910

CURRENT ASSETS
Cash at bank and in hand 44,536 27,342

CREDITORS
Amounts falling due within one year 6 (167,148 ) (150,114 )
NET CURRENT LIABILITIES (122,612 ) (122,772 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,261,131

1,206,138

CAPITAL AND RESERVES
Called up share capital 7 2 2
Fair value reserve 8 44,329 44,329
Retained earnings 1,216,800 1,161,807
SHAREHOLDERS' FUNDS 1,261,131 1,206,138

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Bailey & Bonniface Limited (Registered number: 06204900)

Statement of Financial Position - continued
31 May 2024


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 Board of Directors and authorised for issue on 14 January 2025 and were signed on its behalf by:




R Bonniface - Director



R Bailey - Director


Bailey & Bonniface Limited (Registered number: 06204900)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Bailey & Bonniface 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Not Depreciated
Long leasehold - over lease term

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year 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 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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 2 ).

Bailey & Bonniface Limited (Registered number: 06204900)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Freehold Long
property leasehold Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 151,755 410,000 561,755
DEPRECIATION
At 1 June 2023 - 29,411 29,411
Charge for year - 5,882 5,882
At 31 May 2024 - 35,293 35,293
NET BOOK VALUE
At 31 May 2024 151,755 374,707 526,462
At 31 May 2023 151,755 380,589 532,344

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 June 2023 388,625 407,941 796,566
Additions - 60,715 60,715
At 31 May 2024 388,625 468,656 857,281
NET BOOK VALUE
At 31 May 2024 388,625 468,656 857,281
At 31 May 2023 388,625 407,941 796,566

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 123,665 123,630
Taxation and social security 32,285 15,345
Other creditors 11,198 11,139
167,148 150,114

Bailey & Bonniface Limited (Registered number: 06204900)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary 1 2 2

8. RESERVES
Fair
value
reserve
£   
At 1 June 2023
and 31 May 2024 44,329