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REGISTERED NUMBER: 10709160 (England and Wales)












BAOLeary Limited

Unaudited Financial Statements

for the Year Ended 29 April 2024






BAOLeary Limited (Registered number: 10709160)






Contents of the Financial Statements
for the Year Ended 29 April 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


BAOLeary Limited

Company Information
for the Year Ended 29 April 2024







Director: B A O'Leary





Registered office: Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ





Registered number: 10709160 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

BAOLeary Limited (Registered number: 10709160)

Balance Sheet
29 April 2024

29.4.24 29.4.23
Notes £    £    £    £   
Fixed assets
Investment property 4 300,000 243,000

Current assets
Debtors 5 1,458 2,425
Cash at bank 1,143 35
2,601 2,460
Creditors
Amounts falling due within one year 6 153,843 150,810
Net current liabilities (151,242 ) (148,350 )
Total assets less current liabilities 148,758 94,650

Creditors
Amounts falling due after more than one
year

7

(128,308

)

(133,306

)

Provisions for liabilities 9 (6,032 ) -
Net assets/(liabilities) 14,418 (38,656 )

Capital and reserves
Called up share capital 10 100 100
Retained earnings 14,318 (38,756 )
Shareholders' funds 14,418 (38,656 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 29 April 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.

BAOLeary Limited (Registered number: 10709160)

Balance Sheet - continued
29 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 31 January 2025 and were signed by:





B A O'Leary - Director


BAOLeary Limited (Registered number: 10709160)

Notes to the Financial Statements
for the Year Ended 29 April 2024

1. Statutory information

BAOLeary 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable.

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.

Investment properties are initially measured at cost and subsequently measured at fair value. Changes in fair value are recognised in profit or loss.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102. The directors consider that, because investment properties are not held for consumption, but for their investment potential, to depreciate them would not give a true and fair view.

If this departure from the Companies Act 2006 had not been made in order to give a true and fair view, the profit for the financial year would have been reduced by depreciation. However the amount of depreciation cannot reasonably be quantified, because depreciation is only one of many factors reflected in the annual valuation and the amount relating to the depreciation of the property cannot be separately identified.

3. Employees and directors

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

BAOLeary Limited (Registered number: 10709160)

Notes to the Financial Statements - continued
for the Year Ended 29 April 2024

4. Investment property
Total
£   
Fair value
At 30 April 2023 243,000
Valuation changes 57,000
At 29 April 2024 300,000
Net book value
At 29 April 2024 300,000
At 29 April 2023 243,000

Fair value at 29 April 2024 is represented by:
£   
Valuation in 2024 300,000

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

29.4.24 29.4.23
£    £   
Cost 243,000 243,000

The investment property was valued on an open market basis basis on 29 April 2024 by the director .

5. Debtors: amounts falling due within one year
29.4.24 29.4.23
£    £   
Other debtors 1,458 2,425

6. Creditors: amounts falling due within one year
29.4.24 29.4.23
£    £   
Bank loans and overdrafts 4,956 4,956
Directors' current accounts 148,107 144,966
Accrued expenses 780 888
153,843 150,810

BAOLeary Limited (Registered number: 10709160)

Notes to the Financial Statements - continued
for the Year Ended 29 April 2024

7. Creditors: amounts falling due after more than one year
29.4.24 29.4.23
£    £   
Bank loans - 2-5 years 23,100 23,100
Bank loans repayable after more than
five years

105,208

110,206
128,308 133,306

Amounts falling due in more than five years:

Repayable by instalments
Bank loans repayable after more than
five years

105,208

110,206

8. Secured debts

The following secured debts are included within creditors:

29.4.24 29.4.23
£    £   
Bank loans 133,264 138,262

The bank loan is secured on the company's property.

9. Provisions for liabilities
29.4.24 29.4.23
£    £   
Deferred tax 6,032 -

Deferred
tax
£   
Provided during year 6,032
Balance at 29 April 2024 6,032

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 29.4.24 29.4.23
value: £    £   
100 Ordinary 1 100 100