Company Registration No. 11790415 (England and Wales)
BAY PROPERTY GROUP LIMITED
Unaudited accounts
for the year ended 31 March 2024
BAY PROPERTY GROUP LIMITED
Unaudited accounts
Contents
BAY PROPERTY GROUP LIMITED
Company Information
for the year ended 31 March 2024
Director
Mark James Nicholls
Company Number
11790415 (England and Wales)
Registered Office
Blend Accountants Ltd
Brunel House
9 Penrod Way, Heysham
Morecambe
Lancashire
LA3 2UZ
England
Accountants
Blend Accountants
First Floor Brunel House
9 Penrod Way
Heysham
Lancashire
LA3 2UZ
BAY PROPERTY GROUP LIMITED
Statement of financial position
as at 31 March 2024
Tangible assets
638,727
304,927
Cash at bank and in hand
20,755
24,714
Creditors: amounts falling due within one year
(222,830)
(116,093)
Net current liabilities
(182,075)
(91,379)
Total assets less current liabilities
456,652
213,548
Creditors: amounts falling due after more than one year
(541,423)
(258,506)
Provisions for liabilities
Deferred tax
(4,252)
(4,252)
Net liabilities
(89,023)
(49,210)
Called up share capital
1
1
Profit and loss account
(89,024)
(49,211)
Shareholders' funds
(89,023)
(49,210)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 March 2025 and were signed on its behalf by
Mark James Nicholls
Director
Company Registration No. 11790415
BAY PROPERTY GROUP LIMITED
Notes to the Accounts
for the year ended 31 March 2024
BAY PROPERTY GROUP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11790415. The registered office is Blend Accountants Ltd, Brunel House, 9 Penrod Way, Heysham, Morecambe, Lancashire, LA3 2UZ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
40% Reducing balance
4
Tangible fixed assets
Land & buildings
BAY PROPERTY GROUP LIMITED
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Loans from directors
221,888
114,238
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
541,423
258,506
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).