Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-31truefalseNo description of principal activity2023-11-0145trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02673516 2023-11-01 2024-10-31 02673516 2022-11-01 2023-10-31 02673516 2024-10-31 02673516 2023-10-31 02673516 2022-11-01 02673516 c:CompanySecretary1 2023-11-01 2024-10-31 02673516 c:Director1 2023-11-01 2024-10-31 02673516 c:Director3 2023-11-01 2024-10-31 02673516 c:Director4 2023-11-01 2024-10-31 02673516 c:Director5 2023-11-01 2024-10-31 02673516 c:RegisteredOffice 2023-11-01 2024-10-31 02673516 d:CurrentFinancialInstruments 2024-10-31 02673516 d:CurrentFinancialInstruments 2023-10-31 02673516 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 02673516 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 02673516 d:ShareCapital 2024-10-31 02673516 d:ShareCapital 2023-10-31 02673516 d:RetainedEarningsAccumulatedLosses 2024-10-31 02673516 d:RetainedEarningsAccumulatedLosses 2023-10-31 02673516 d:TaxLossesCarry-forwardsDeferredTax 2024-10-31 02673516 d:TaxLossesCarry-forwardsDeferredTax 2023-10-31 02673516 c:FRS102 2023-11-01 2024-10-31 02673516 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 02673516 c:FullAccounts 2023-11-01 2024-10-31 02673516 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure
Registered number: 02673516











BAYFORDBURY ESTATES LIMITED
 
FINANCIAL STATEMENTS
 
FOR THE YEAR ENDED 31 OCTOBER 2024

 
BAYFORDBURY ESTATES LIMITED
 

COMPANY INFORMATION


DIRECTORS
A. J. Barham 
C. M. Barham 
P. D. Barham 
J. Nordigian 




COMPANY SECRETARY
A. J. Barham



REGISTERED NUMBER
02673516



REGISTERED OFFICE
Bayley Hall
Queens Road

Hertford

SG14 1EN





 
BAYFORDBURY ESTATES LIMITED
 

CONTENTS



Page
Balance Sheet
 
1
Notes to the Financial Statements
 
2 - 5


 
BAYFORDBURY ESTATES LIMITED
REGISTERED NUMBER: 02673516

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

CURRENT ASSETS
  

Stocks
 4 
2,200
2,200

Debtors
 5 
93,750
93,750

Cash at bank and in hand
  
143,205
208,178

  
239,155
304,128

Creditors: amounts falling due within one year
 6 
(6,011,108)
(6,067,229)

NET LIABILITIES
  
 
 
(5,771,953)
 
 
(5,763,101)


CAPITAL AND RESERVES
  

Allotted, called up and fully paid share capital
  
100
100

Profit and loss account
  
(5,772,053)
(5,763,201)

EQUITY SHAREHOLDERS' DEFICIT
  
(5,771,953)
(5,763,101)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the Directors' Report and the Statement of Income and Retained Earnings in accordance with the provisions applicable to companies subject to the small companies regime, under section 444 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 
19 March 2025.




J. Nordigian
Director


The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
BAYFORDBURY ESTATES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


GENERAL INFORMATION

Bayfordbury Estates Limited (registered number: 02673516), having its registered office and principal place of business at Bayley Hall, Queens Road, Hertford, SG14 1EN, is a private limited company incorporated in England and Wales.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

GOING CONCERN

At the Balance Sheet date the Company had net liabilities of £5,771,953 (2023: £5,763,101). However the directors deem it appropriate to prepare the financial statements on the going concern basis since C.M. Barham, who is the Company's major creditor, has confirmed her intention to support the Company for the foreseeable future and for a period of at least twelve months from the date of signing of these financial statements.
On this basis, the directors believe that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from the going concern basis of preparation being inappropriate.

  
2.3

STATEMENT OF CASH FLOWS

The Company has taken advantage of the exemption in Financial Reporting Standard 102, Section 1A.7 from the requirement to provide a Statement of Cash Flows on the grounds that it is a small company.

 
2.4

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 2

 
BAYFORDBURY ESTATES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

STOCKS

Land and development work in progress is valued at the lower of cost and net realisable value in the normal course of business. 
Interest charges on loans to finance developments are charged to the Statement of Income and
Retained Earnings.

 
2.6

CASH

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.7

FINANCIAL INSTRUMENTS

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the Balance Sheet date.

 
2.8

CREDITORS

Short-term creditors are measured at the transaction price.

 
2.9

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
 
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

Page 3

 
BAYFORDBURY ESTATES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 4 (2023 - 5).


4.


STOCKS

2024
2023
£
£

Work in progress
2,200
2,200

2,200
2,200



5.


DEBTORS


6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
1,100
-

Other taxation and social security
-
57,396

Other creditors
6,006,408
6,006,408

Accruals and deferred income
3,600
3,425

6,011,108
6,067,229


Page 4

 
BAYFORDBURY ESTATES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

7.


DEFERRED TAXATION




2024
2023


£

£



At beginning of year
93,750
93,750



AT END OF YEAR
93,750
93,750

The deferred tax asset is made up as follows:

2024
2023
£
£


Tax losses carried forward
93,750
93,750


8.


RELATED PARTY TRANSACTIONS

As at 31 October 2024, included within other creditors are amounts due to a director of £6,006,408 (2023: £6,006,408).


Page 5