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REGISTERED NUMBER: 03353180 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2024

FOR

BAYWORTH LIMITED

BAYWORTH LIMITED (REGISTERED NUMBER: 03353180)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BAYWORTH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTOR: S C S Lewis





SECRETARY: S C S Lewis





REGISTERED OFFICE: The Old Workshops
Brucombe Lane
Bayworth
Oxford
Oxfordshire
OX13 6QU





REGISTERED NUMBER: 03353180 (England and Wales)





ACCOUNTANTS: J A Muncey FCCA
31 Astrop Road
Middleton Cheney
Banbury
Oxfordshire
OX17 2PQ

BAYWORTH LIMITED (REGISTERED NUMBER: 03353180)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 27,703 33,031
Investment property 6 500,000 500,000
527,703 533,031

CURRENT ASSETS
Debtors 7 - 2,771
Cash at bank 1,315 1,902
1,315 4,673
CREDITORS
Amounts falling due within one year 8 38,591 62,231
NET CURRENT LIABILITIES (37,276 ) (57,558 )
TOTAL ASSETS LESS CURRENT LIABILITIES 490,427 475,473

PROVISIONS FOR LIABILITIES 63,828 45,522
NET ASSETS 426,599 429,951

CAPITAL AND RESERVES
Called up share capital 9 2 2
Revaluation reserve 10 142,413 142,413
Fair value reserve 10 187,683 187,683
Retained earnings 10 96,501 99,853
SHAREHOLDERS' FUNDS 426,599 429,951

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

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

The director acknowledges her 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.

BAYWORTH LIMITED (REGISTERED NUMBER: 03353180)

BALANCE SHEET - continued
30TH APRIL 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27th January 2025 and were signed by:





S C S Lewis - Director


BAYWORTH LIMITED (REGISTERED NUMBER: 03353180)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024

1. STATUTORY INFORMATION

Bayworth 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.

The company is owned 50% by SPL (Oxford) Limited whose registered office is Brook House, 39 North Hinksey Village, Oxford OX2 0NA. The group is not required to prepare consolidated accounts.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

Included as a provision is the potential capital gains tax that would be payable on any future disposal of the property shown in the accounts.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

BAYWORTH LIMITED (REGISTERED NUMBER: 03353180)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st May 2023
and 30th April 2024 39,440
DEPRECIATION
At 1st May 2023 6,409
Charge for year 5,328
At 30th April 2024 11,737
NET BOOK VALUE
At 30th April 2024 27,703
At 30th April 2023 33,031

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st May 2023
and 30th April 2024 500,000
NET BOOK VALUE
At 30th April 2024 500,000
At 30th April 2023 500,000

Included in fair value of investment property is freehold land of £ 70,000 (2023 - £ 70,000 ) which is not depreciated.

Fair value at 30th April 2024 is represented by:
£   
Valuation in 2024 500,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 186,113 186,113
Aggregate depreciation (29,366 ) (29,366 )

Freehold property was valued on an market valuation basis on 30th April 2024 by the director .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 2,771

BAYWORTH LIMITED (REGISTERED NUMBER: 03353180)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 2,233 -
Directors' current accounts 35,796 61,618
Accrued expenses 562 613
38,591 62,231

9. CALLED UP SHARE CAPITAL

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

10. RESERVES
Fair
Retained Revaluation value
earnings reserve reserve Totals
£    £    £    £   

At 1st May 2023 99,853 142,413 187,683 429,949
Deficit for the year (3,352 ) (3,352 )
At 30th April 2024 96,501 142,413 187,683 426,597

11. RELATED PARTY DISCLOSURES

Included in creditors is an amount owed of £35,796 to the director SCS Lewis.(2023 £61,618) Confirmation has been given that repayment of this amount will not be requested until cash flow allows.

12. ULTIMATE CONTROLLING PARTY

S C S Lewis is regarded as the ultimate controlling party by virtue of her shareholding.

13. SECURED CREDITORS

National Westminster Bank PLC hold a charge , dated 27th May 1999, over the freehold property.