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REGISTERED NUMBER: 09843729 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BARON'S BAY LTD

BARON'S BAY LTD (REGISTERED NUMBER: 09843729)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BARON'S BAY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Ms N K Blencowe
M Blencowe





REGISTERED OFFICE: 10 Prince Albert Street
Brighton
East Sussex
BN1 1HE





REGISTERED NUMBER: 09843729 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
15 West Street
Brighton
East Sussex
BN1 2RL

BARON'S BAY LTD (REGISTERED NUMBER: 09843729)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,192 5,590
Investments 5 1 1
4,193 5,591

CURRENT ASSETS
Stocks 6 3,322,162 3,299,148
Debtors 7 171,764 133,382
Cash at bank 8,389 14,845
3,502,315 3,447,375
CREDITORS
Amounts falling due within one year 8 (2,732,474 ) (2,541,078 )
NET CURRENT ASSETS 769,841 906,297
TOTAL ASSETS LESS CURRENT LIABILITIES 774,034 911,888

PROVISIONS FOR LIABILITIES (1,047 ) (1,398 )
NET ASSETS 772,987 910,490

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 772,787 910,290
772,987 910,490

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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

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 2 May 2025 and were signed on its behalf by:





Ms N K Blencowe - Director


BARON'S BAY LTD (REGISTERED NUMBER: 09843729)

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


1. STATUTORY INFORMATION

Baron's Bay 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery- 25% reducing balance
Fixtures and fittings- 25% reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Turnover
Turnover represents the following types of income

- Rental income
- Income from the sale of properties

All income is recognised on a receivable basis

Turnover represents sales of services and is recognised at the point the customer is entitled to consideration.

3. EMPLOYEES

The average number of employees during the year was 2 (2023 - 2 ) .

BARON'S BAY LTD (REGISTERED NUMBER: 09843729)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 28,667 2,741 31,408
DEPRECIATION
At 1 January 2024 23,567 2,251 25,818
Charge for year 1,275 123 1,398
At 31 December 2024 24,842 2,374 27,216
NET BOOK VALUE
At 31 December 2024 3,825 367 4,192
At 31 December 2023 5,100 490 5,590

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2024
and 31 December 2024 1
NET BOOK VALUE
At 31 December 2024 1
At 31 December 2023 1

6. STOCKS
2024 2023
£    £   
Work-in-progress 3,322,162 3,299,148

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,994 11,219
Tax 41,895 -
VAT - 2,163
Prepayments and accrued income 120,875 120,000
171,764 133,382

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 345 14,078
Amounts owed to group undertakings 24,450 17,450
Amounts owed to associates 552,658 267,606
Tax - 41,895
VAT 1,230 -
Other creditors 3,225 2,725
Directors' current accounts 2,148,640 2,152,157
Accruals and deferred income 326 667
Accrued expenses 1,600 44,500
2,732,474 2,541,078

BARON'S BAY LTD (REGISTERED NUMBER: 09843729)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


9. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £550,917 (2023: £244,365) to Newhaven Marina Holding
Company Limited, a company under common control.

As at the balance sheet date the company owed £24,450 (2023:£17,450) to Bell Harbour Limited, the
company's wholly owned subsidiary.

At the balance sheet date, the company owed £1,741 (2023: £23,241) to The Baron Homes Corporation
Limited, a company under common control.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Ms N K Blencowe.

This was by virtue of her 50% holding of the issued share capital.