Registered number
11998874
Baker Investments Limited
Filleted Accounts
31 May 2024
Baker Investments Limited
Registered number: 11998874
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 233,412 233,412
Current assets
Cash at bank and in hand 690 758
Creditors: amounts falling due within one year 4 (55,106) (54,109)
Net current liabilities (54,416) (53,351)
Total assets less current liabilities 178,996 180,061
Creditors: amounts falling due after more than one year 5 (184,220) (184,220)
Net liabilities (5,224) (4,159)
Capital and reserves
Called up share capital 100 100
Profit and loss account (5,324) (4,259)
Shareholders' funds (5,224) (4,159)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr J Baker
Director
Approved by the board on 27 February 2025
Baker Investments Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Going concern
The company’s balance sheet shows a net liability position. However, the director considers the company can continue to rely upon his own support to ensure that its liabilities can be settled when they fall due. Accordingly, these financial statements have been prepared on a going concern basis and do not include any provision for adjustments that may become necessary if the support referred to above were withdrawn.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Investments
Other
investments
£
Cost
At 1 June 2023 233,412
At 31 May 2024 233,412
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 55,106 54,109
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 184,220 184,220
6 Other information
Baker Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
Cottage Farm, Redhall Lane
Chandlers Cross
Rickmansworth
WD3 4LT
Baker Investments Limited 11998874 false 2023-06-01 2024-05-31 2024-05-31 VT Final Accounts July 2024 Mr J Baker No description of principal activity 11998874 2022-06-01 2023-05-31 11998874 core:WithinOneYear 2023-05-31 11998874 core:AfterOneYear 2023-05-31 11998874 core:ShareCapital 2023-05-31 11998874 core:RetainedEarningsAccumulatedLosses 2023-05-31 11998874 2023-06-01 2024-05-31 11998874 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11998874 bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 11998874 bus:Director40 2023-06-01 2024-05-31 11998874 2 2023-06-01 2024-05-31 11998874 countries:England 2023-06-01 2024-05-31 11998874 bus:FRS102 2023-06-01 2024-05-31 11998874 bus:FilletedAccounts 2023-06-01 2024-05-31 11998874 2024-05-31 11998874 core:WithinOneYear 2024-05-31 11998874 core:AfterOneYear 2024-05-31 11998874 core:ShareCapital 2024-05-31 11998874 core:RetainedEarningsAccumulatedLosses 2024-05-31 11998874 2023-05-31 iso4217:GBP xbrli:pure