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REGISTERED NUMBER: 01928783 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Bayee (Village) Catering Ltd

Bayee (Village) Catering Ltd (Registered number: 01928783)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bayee (Village) Catering Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mrs Wan Ron Yu
Mr Chun Man Yu





REGISTERED OFFICE: 122 Upper Richmond Road
LONDON
London
SW15 2SP





REGISTERED NUMBER: 01928783 (England and Wales)





ACCOUNTANTS: WONG LANGE & CO.
Chartered Certified & Management Accountants
29-30 Frith Street
London
W1D 5LG

Bayee (Village) Catering Ltd (Registered number: 01928783)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 370,859 372,245
370,860 372,246

CURRENT ASSETS
Stocks 6 1,000 1,000
Debtors 7 1,294 745
Cash at bank and in hand 9,454 4,510
11,748 6,255
CREDITORS
Amounts falling due within one year 8 216,851 180,565
NET CURRENT LIABILITIES (205,103 ) (174,310 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

165,757

197,936

CREDITORS
Amounts falling due after more than one
year

9

134,912

161,954
NET ASSETS 30,845 35,982

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 29,845 34,982
SHAREHOLDERS' FUNDS 30,845 35,982

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

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

Bayee (Village) Catering Ltd (Registered number: 01928783)

Balance Sheet - continued
31 August 2024


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 21 May 2025 and were signed on its behalf by:





Mr Chun Man Yu - Director


Bayee (Village) Catering Ltd (Registered number: 01928783)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Bayee (Village) Catering 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of twelve years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rate in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold Properties- acquired in August 2000, no depreciation
required under SSAP 19

Fixture, Fitting & Equipment- 15% on reducing balance
Computer Equipment- 15% on reducing balance


Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Bayee (Village) Catering Ltd (Registered number: 01928783)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 15,391
AMORTISATION
At 1 September 2023
and 31 August 2024 15,390
NET BOOK VALUE
At 31 August 2024 1
At 31 August 2023 1

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Short and Computer
property leasehold fittings equipment Totals
£    £    £    £    £   
COST
At 1 September 2023
and 31 August 2024 363,005 116,393 259,807 3,623 742,828
DEPRECIATION
At 1 September 2023 - 116,393 251,368 2,822 370,583
Charge for year - - 1,266 120 1,386
At 31 August 2024 - 116,393 252,634 2,942 371,969
NET BOOK VALUE
At 31 August 2024 363,005 - 7,173 681 370,859
At 31 August 2023 363,005 - 8,439 801 372,245

Bayee (Village) Catering Ltd (Registered number: 01928783)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. TANGIBLE FIXED ASSETS - continued

Freehold Property owned by the company, ie 122 Upper Richmond Road, London, SW15 2SP was estimated current market value of approximately £800,000 by the directors with the advice of local estate agent.

6. STOCKS
31.8.24 31.8.23
£    £   
Stocks 1,000 1,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 922 239
Other debtors 372 506
1,294 745

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Taxation and social security 5,447 4,512
Other creditors 211,404 176,053
216,851 180,565

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 28,800 45,830
Other creditors 106,112 116,124
134,912 161,954

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Abie's Beauty Loan 28,800 28,800

10. GOING CONCERN

The account has been drawn up on a going concern basis and the director has confirmed that he has enough funds available to inject into the company should it be necessary to the company in order that all other creditors are paid when the liabilities fall due.