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REGISTERED NUMBER: 09794269 (England and Wales)


Baltimore Partners Ltd

Abridged Unaudited Financial Statements

for the Year Ended 30 September 2024






Baltimore Partners Ltd (Registered number: 09794269)






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




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Baltimore Partners Ltd

Company Information
for the year ended 30 September 2024







DIRECTORS: Mr M Avci
Mr K Avci





REGISTERED OFFICE: Unit 8a Commodore House
Juniper Drive
London
SW18 1TW





REGISTERED NUMBER: 09794269 (England and Wales)





ACCOUNTANTS: Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Baltimore Partners Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Baltimore Partners Ltd for the year ended 30 September 2024 which comprise the Abridged Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Baltimore Partners Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Baltimore Partners Ltd and state those matters that we have agreed to state to the Board of Directors of Baltimore Partners Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Baltimore Partners Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Baltimore Partners Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Baltimore Partners Ltd. You consider that Baltimore Partners Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Baltimore Partners Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU


7 January 2025

Baltimore Partners Ltd (Registered number: 09794269)

Statement of Financial Position
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,281 1,602
Investments 5 1,662,986 1,606,155
Investment property 6 572,000 572,000
2,236,267 2,179,757

CURRENT ASSETS
Debtors 7 169,606 162,830
Cash at bank 22,818 64,507
192,424 227,337
CREDITORS
Amounts falling due within one year 8 1,428,111 1,463,084
NET CURRENT LIABILITIES (1,235,687 ) (1,235,747 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,000,580

944,010

PROVISIONS FOR LIABILITIES 9 - 401
NET ASSETS 1,000,580 943,609

CAPITAL AND RESERVES
Called up share capital 10 10,000 10,000
Retained earnings 11 990,580 933,609
SHAREHOLDERS' FUNDS 1,000,580 943,609

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.

Baltimore Partners Ltd (Registered number: 09794269)

Statement of Financial Position - 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 Income Statement 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 7 January 2025 and were signed on its behalf by:





Mr K Avci - Director


Baltimore Partners Ltd (Registered number: 09794269)

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

1. STATUTORY INFORMATION

Baltimore Partners 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on reducing balance

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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Baltimore Partners Ltd (Registered number: 09794269)

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

2. ACCOUNTING POLICIES - continued

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.

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

Unlisted investments
Unlisted investments are recognised at cost.

Interest/ coupon income
Interest/ coupon income is recognised on a time-proportion basis using the effective interest method.

Dividend income
Dividend income is recognised when the right to receive payment is established.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
£   
COST
At 1 October 2023
and 30 September 2024 4,086
DEPRECIATION
At 1 October 2023 2,484
Charge for year 321
At 30 September 2024 2,805
NET BOOK VALUE
At 30 September 2024 1,281
At 30 September 2023 1,602

Baltimore Partners Ltd (Registered number: 09794269)

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

5. FIXED ASSET INVESTMENTS
Listed Unlisted
investments investments Totals
£    £    £   
COST OR VALUATION
At 1 October 2023 - 1,606,155 1,606,155
Additions 79,829 - 79,829
Revaluations (22,998 ) - (22,998 )
At 30 September 2024 56,831 1,606,155 1,662,986
NET BOOK VALUE
At 30 September 2024 56,831 1,606,155 1,662,986
At 30 September 2023 - 1,606,155 1,606,155

Cost or valuation at 30 September 2024 is represented by:

Listed Unlisted
investments investments Totals
£    £    £   
Valuation in 2024 (22,998 ) - (22,998 )
Cost 79,829 1,606,155 1,685,984
56,831 1,606,155 1,662,986

If listed investments had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 79,829 1,606,155

Listed investments were valued on an open market basis on 30 September 2024 by Maxis Investments .

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 572,000
NET BOOK VALUE
At 30 September 2024 572,000
At 30 September 2023 572,000

Baltimore Partners Ltd (Registered number: 09794269)

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

6. INVESTMENT PROPERTY - continued

As required by FRS 102, company directors undertook to remeasure the investment property to fair value at each reporting date. The methods used include online tools and free market valuation from a local agents. After the assessment, directors concluded that there were no significant movements and that market prices were equal to net book values at the reporting date.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 26,060 25,174
Other debtors 143,546 137,656
169,606 162,830

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,284 102
Taxation and social security 22,479 20,474
Other creditors 1,403,348 1,442,508
1,428,111 1,463,084

9. PROVISIONS FOR LIABILITIES
2023
£   
Deferred tax 401

Deferred
tax
£   
Balance at 1 October 2023 401
Credit to Income Statement during year (5,830 )
Balance at 30 September 2024 (5,429 )

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary £1 10,000 10,000

Baltimore Partners Ltd (Registered number: 09794269)

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

11. RESERVES
Retained
earnings
£   

At 1 October 2023 933,609
Profit for the year 56,971
At 30 September 2024 990,580

12. RELATED PARTY DISCLOSURES

There is an amount due to key management personnel at balance sheet date of £1,399,547 (2023: £1,438,708). This is an interest free loan and is repayable on demand.