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REGISTERED NUMBER: 08590180 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Baron and Douglas 2 Ltd

Baron and Douglas 2 Ltd (Registered number: 08590180)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Baron and Douglas 2 Ltd

Company Information
for the year ended 30 September 2024







DIRECTORS: Mrs S J Douglas
Mrs H L Baron





REGISTERED OFFICE: Suite 115
Burnley Business Centre
Empire Way
Burnley
Lancashire
BB12 6HA





REGISTERED NUMBER: 08590180 (England and Wales)





ACCOUNTANTS: Mayes Business Partnership Ltd
Chartered Certified Accountants
22-28 Willow Street
Accrington
Lancashire
BB5 1LP

Baron and Douglas 2 Ltd (Registered number: 08590180)

Abridged Balance Sheet
30 September 2024

30/9/24 30/9/23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 650,000 650,000

CURRENT ASSETS
Debtors 93,312 92,212
Cash at bank 234 234
93,546 92,446
CREDITORS
Amounts falling due within one year 39,483 39,805
NET CURRENT ASSETS 54,063 52,641
TOTAL ASSETS LESS CURRENT
LIABILITIES

704,063

702,641

CREDITORS
Amounts falling due after more than one year 5 (345,249 ) (360,225 )

PROVISIONS FOR LIABILITIES (52,951 ) -
NET ASSETS 305,863 342,416

CAPITAL AND RESERVES
Called up share capital 7 900 900
Revaluation reserve 8 177,270 230,221
Retained earnings 127,693 111,295
SHAREHOLDERS' FUNDS 305,863 342,416

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Baron and Douglas 2 Ltd (Registered number: 08590180)

Abridged Balance Sheet - continued
30 September 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 February 2025 and were signed on its behalf by:





Mrs H L Baron - Director


Baron and Douglas 2 Ltd (Registered number: 08590180)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Baron and Douglas 2 Ltd 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.

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.

Financial instruments
Basic financial assets, including trade and other receivables, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

Baron and Douglas 2 Ltd (Registered number: 08590180)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 650,000
NET BOOK VALUE
At 30 September 2024 650,000
At 30 September 2023 650,000

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2019 650,000

Investment property was valued on an open market basis on 30 September 2019 by the directors .

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
30/9/24 30/9/23
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 289,449 307,225

6. SECURED DEBTS

The following secured debts are included within creditors:

30/9/24 30/9/23
£    £   
Bank loans 359,199 373,475

All borrowings from bank and non-bank lenders are secured via fixed and floating charges over the assets, present and future, of the company.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/9/24 30/9/23
value: £    £   
900 Ordinary £1 900 900

Baron and Douglas 2 Ltd (Registered number: 08590180)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

8. RESERVES
Revaluation
reserve
£   
At 1 October 2023 230,221
Property revaluation (52,951 )

At 30 September 2024 177,270

9. ULTIMATE CONTROLLING PARTY

The company does not recognise an ultimate controlling party due to the members having equal shareholdings in the company.