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Company Registration No. 11463371 (England and Wales)
BACHES PROPERTY LIMITED Unaudited accounts for the year ended 31 December 2024
BACHES PROPERTY LIMITED Unaudited accounts Contents
Page
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BACHES PROPERTY LIMITED Company Information for the year ended 31 December 2024
Directors
Lindsey Samantha Newell JOANNE JOHNSON
Company Number
11463371 (England and Wales)
Registered Office
Lombard House Cronehills Linkway West Bromwich West Midlands B70 7PL United Kingdom
Accountants
Six Wands Aspects Limited Office FF6 19 Hereward Rise Halesowen West Midlands B62 8AN
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BACHES PROPERTY LIMITED Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
435,885 
435,885 
Current assets
Debtors
268 
629 
Cash at bank and in hand
276 
4,046 
544 
4,675 
Creditors: amounts falling due within one year
(40,853)
(22,235)
Net current liabilities
(40,309)
(17,560)
Total assets less current liabilities
395,576 
418,325 
Creditors: amounts falling due after more than one year
(280,013)
(313,960)
Net assets
115,563 
104,365 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
115,463 
104,265 
Shareholders' funds
115,563 
104,365 
For the year ending 31 December 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 25 March 2025 and were signed on its behalf by
Lindsey Samantha Newell Director Company Registration No. 11463371
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BACHES PROPERTY LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
BACHES PROPERTY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11463371. The registered office is Lombard House, Cronehills Linkway, West Bromwich, West Midlands, B70 7PL, 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.
Going concern
As there is excess of current liabilities over current assets the directors believe the going concern basis remains appropriate in the preparation of the financial statements.
Turnover
Turnover consists of rent receivable from the freehold investment property held as an operating lease, excluding value added tax. Rent receivable is recognised in the profit and loss account on a straight line basis over the period of the lease.
Investment property
Investment properties are included at fair value. Gains and losses are recognised in the Income Statement and included within the fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the properties are sold or at the rate applicable at the balance sheet date.
Financial instruments
With few exceptions, the company only enters into basic financial instrument transactions that result in the recognition of financial asset and liabilities such as cash, trade and other accounts receivable and payable and loans from banks and other third parties, including related parties. Basic financial instruments such as those above are recognised in the financial statements at amortised cost. Any exception to the above are either immaterial or do not affect more than one accounting period.
4
Investment property
2024 
£ 
Fair value at 1 January 2024
435,885 
At 31 December 2024
435,885 
Investment properties are included at fair value. Gains and losses are recognised in the Income Statement and included within the fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the properties are sold or at the rate applicable at the balance sheet date
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BACHES PROPERTY LIMITED Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
268 
94 
Accrued income and prepayments
- 
535 
268 
629 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
35,410 
13,402 
Trade creditors
305 
- 
Taxes and social security
2,627 
4,684 
Other creditors
2,328 
2,266 
Loans from directors
183 
183 
Accruals
- 
1,700 
40,853 
22,235 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
280,013 
313,960 
8
Controlling party
The controlling party is Baches Solicitors LLP, a Limited Liability Partnership registered in England and Wales.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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