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REGISTERED NUMBER: 00625535 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

P.BALDOCK & SON LIMITED

P.BALDOCK & SON LIMITED (REGISTERED NUMBER: 00625535)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P.BALDOCK & SON LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTORS: Mrs I M Baldock
G J Baldock
Ms C S Baldock





REGISTERED OFFICE: The Bungalow
Long Hill Road
Bracknell
Berkshire
RG12 9UB





REGISTERED NUMBER: 00625535 (England and Wales)





ACCOUNTANTS: Oury Clark Chartered Accountants
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

P.BALDOCK & SON LIMITED (REGISTERED NUMBER: 00625535)

BALANCE SHEET
31 July 2024

31.7.24 31.7.23
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,074 17,219
Investment property 5 2,000,000 1,200,000
2,015,074 1,217,219

CURRENT ASSETS
Debtors 6 6,833 8,646
Cash at bank 3,147,004 2,972,973
3,153,837 2,981,619
CREDITORS
Amounts falling due within one year 7 111,354 89,466
NET CURRENT ASSETS 3,042,483 2,892,153
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,057,557

4,109,372

PROVISIONS FOR LIABILITIES 371,594 171,594
NET ASSETS 4,685,963 3,937,778

CAPITAL AND RESERVES
Called up share capital 1,602 1,602
Revaluation reserve 8 1,486,374 686,374
Capital redemption reserve 2,000 2,000
Retained earnings 3,195,987 3,247,802
SHAREHOLDERS' FUNDS 4,685,963 3,937,778

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

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

P.BALDOCK & SON LIMITED (REGISTERED NUMBER: 00625535)

BALANCE SHEET - continued
31 July 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 Board of Directors and authorised for issue on 14 February 2025 and were signed on its behalf by:





Ms C S Baldock - Director


P.BALDOCK & SON LIMITED (REGISTERED NUMBER: 00625535)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

P.Baldock & Son 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 represents net invoiced sales of services, excluding value added tax. Rents received are recognised in the financial period to which the income relates, with amounts invoiced in advance at the year end date being carried forward as deferred income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is held at market value with any gains being recognised through the Profit and loss account.

Financial instruments
Basic Financial Instruments as covered by Section 11 of FRS 102 are measured at amortised cost. The company does not have any Other Financial Instruments as covered by Section 12 of FRS 102.

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 2 (2023 - NIL ) .

P.BALDOCK & SON LIMITED (REGISTERED NUMBER: 00625535)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 40,305
Additions 2,410
At 31 July 2024 42,715
DEPRECIATION
At 1 August 2023 23,086
Charge for year 4,555
At 31 July 2024 27,641
NET BOOK VALUE
At 31 July 2024 15,074
At 31 July 2023 17,219

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 1,200,000
Revaluations 800,000
At 31 July 2024 2,000,000
NET BOOK VALUE
At 31 July 2024 2,000,000
At 31 July 2023 1,200,000

Investment property valuation is reviewed annually and adjusted to Profit and loss account as necessary.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
as restated
£    £   
Other debtors 6,833 8,646

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
as restated
£    £   
Taxation and social security 49,099 27,211
Other creditors & accruals 62,255 62,255
111,354 89,466

P.BALDOCK & SON LIMITED (REGISTERED NUMBER: 00625535)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

8. RESERVES
Revaluation
reserve
£   
At 1 August 2023 686,374
Revaluation reserve 800,000

At 31 July 2024 1,486,374

9. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.