1 April 2023 false Taxfiler 2024.6 10586001business:PrivateLimitedCompanyLtd2023-04-012024-03-31 105860012023-03-31 105860012023-04-012024-03-31 10586001business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 10586001business:FilletedAccounts2023-04-012024-03-31 105860012024-03-31 10586001business:Director12023-04-012024-03-31 10586001business:Director22023-04-012024-03-31 10586001business:CompanySecretary12023-04-012024-03-31 10586001business:RegisteredOffice2023-04-012024-03-31 105860012023-03-31 10586001core:WithinOneYear2024-03-31 10586001core:WithinOneYear2023-03-31 10586001core:AfterOneYear2024-03-31 10586001core:AfterOneYear2023-03-31 10586001core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 10586001core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 10586001core:RevaluationReservecore:PreviouslyStatedAmount2024-03-31 10586001core:RevaluationReservecore:PreviouslyStatedAmount2023-03-31 10586001core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 10586001core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 10586001core:PreviouslyStatedAmount2024-03-31 10586001core:PreviouslyStatedAmount2023-03-31 10586001business:SmallEntities2023-04-012024-03-31 10586001countries:EnglandWales2023-04-012024-03-31 10586001core:PlantMachinery2023-03-31 10586001core:FurnitureFittings2023-03-31 10586001core:ComputerEquipment2023-03-31 10586001core:PlantMachinery2023-04-012024-03-31 10586001core:FurnitureFittings2023-04-012024-03-31 10586001core:ComputerEquipment2023-04-012024-03-31 10586001core:PlantMachinery2024-03-31 10586001core:FurnitureFittings2024-03-31 10586001core:ComputerEquipment2024-03-31 10586001core:AfterOneYear2023-04-012024-03-31 10586001core:AcceleratedTaxDepreciationDeferredTax2024-03-31 10586001core:AcceleratedTaxDepreciationDeferredTax2023-03-31 105860012022-03-31 105860012022-04-012023-03-31 10586001business:Director112023-03-31 10586001business:Director112023-04-012024-03-31 10586001business:Director112024-03-31 iso4217:GBP xbrli:pure
Company Registration No. 10586001 (England and Wales)
Bakers Transformation & Lettings Ltd Unaudited accounts for the year ended 31 March 2024
Bakers Transformation & Lettings Ltd Unaudited accounts Contents
Page
- 2 -
Bakers Transformation & Lettings Ltd Company Information for the year ended 31 March 2024
Directors
Richard Lloyd Baker Hyacinth Josephine Williams-Baker
Secretary
Oshane Stewart
Company Number
10586001 (England and Wales)
Registered Office
58 LIMPSFIELD AVENUE Thornton Heath SURREY SURREY CR7 6BF United Kingdom
- 3 -
Bakers Transformation & Lettings Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,002 
9,014 
Investment property
1,616,818 
1,543,002 
1,627,820 
1,552,016 
Current assets
Debtors
11,844 
3,005 
Cash at bank and in hand
5,429 
14,211 
17,273 
17,216 
Creditors: amounts falling due within one year
(22,663)
(25,516)
Net current liabilities
(5,390)
(8,300)
Total assets less current liabilities
1,622,430 
1,543,716 
Creditors: amounts falling due after more than one year
(1,267,861)
(1,307,088)
Provisions for liabilities
Deferred tax
(87,227)
(73,547)
Net assets
267,342 
163,081 
Capital and reserves
Called up share capital
(2)
(2)
Revaluation reserve
352,520 
294,200 
Profit and loss account
(85,176)
(131,117)
Shareholders' funds
267,342 
163,081 
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 directors acknowledge their 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 of Directors and authorised for issue on 31 March 2025 and were signed on its behalf by
Hyacinth Josephine Williams-Baker Director Company Registration No. 10586001
- 4 -
Bakers Transformation & Lettings Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Bakers Transformation & Lettings Ltd is a private company, limited by shares, registered in England and Wales, registration number 10586001. The registered office is 58 LIMPSFIELD AVENUE, Thornton Heath, SURREY, SURREY, CR7 6BF, United Kingdom.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at their net realisable value and therefore revalued annually.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
132 
5,884 
2,998 
9,014 
Additions
- 
- 
1,988 
1,988 
At 31 March 2024
132 
5,884 
4,986 
11,002 
Depreciation
At 31 March 2024
- 
- 
- 
- 
Net book value
At 31 March 2024
132 
5,884 
4,986 
11,002 
At 31 March 2023
132 
5,884 
2,998 
9,014 
5
Investment property
2024 
£ 
Fair value at 1 April 2023
1,543,002 
Additions
1,816 
Net gain from fair value adjustments
72,000 
At 31 March 2024
1,616,818 
Desktop valuation is performed annually using various popular websites with recent sold prices. The directors intent to engage consultants for valuation every five yearly.
- 5 -
Bakers Transformation & Lettings Ltd Notes to the Accounts for the year ended 31 March 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
11,799 
712 
Accrued income and prepayments
45 
1,988 
Other debtors
- 
305 
11,844 
3,005 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,692 
869 
Trade creditors
18,190 
20,440 
Taxes and social security
878 
3,300 
Accruals
903 
907 
22,663 
25,516 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
6,500 
12,706 
Obligations under finance leases and hire purchase contracts
792,685 
792,889 
Other creditors
58,141 
79,248 
Loans from directors
410,535 
422,245 
1,267,861 
1,307,088 
These values includes mortgages and directors loans
9
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
87,227 
73,547 
2024 
2023 
£ 
£ 
Provision at start of year
73,547 
45,265 
Charged to the profit and loss account
13,680 
28,282 
Provision at end of year
87,227 
73,547 
Deferred tax relates to the revaluation of properties.
- 6 -
Bakers Transformation & Lettings Ltd Notes to the Accounts for the year ended 31 March 2024
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Richard Lloyd Baker
(531,001)
120,465 
- 
(410,536)
(531,001)
120,465 
- 
(410,536)
11
Average number of employees
During the year the average number of employees was 1 (2023: 1).
12
Reconciliations on adoption of FRS 102
- 7 -