Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-292023-12-292025-05-22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01falsefalseNo description of principal activity22true 00755179 2023-01-01 2023-12-29 00755179 2022-01-01 2022-12-31 00755179 2023-12-29 00755179 2022-12-31 00755179 2022-01-01 00755179 c:Director2 2023-01-01 2023-12-29 00755179 d:FreeholdInvestmentProperty 2023-12-29 00755179 d:FreeholdInvestmentProperty 2022-12-31 00755179 d:CurrentFinancialInstruments 2023-12-29 00755179 d:CurrentFinancialInstruments 2022-12-31 00755179 d:Non-currentFinancialInstruments 2023-12-29 00755179 d:Non-currentFinancialInstruments 2022-12-31 00755179 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-29 00755179 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 00755179 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-29 00755179 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 00755179 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-29 00755179 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 00755179 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-29 00755179 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 00755179 d:ShareCapital 2023-12-29 00755179 d:ShareCapital 2022-12-31 00755179 d:InvestmentPropertiesRevaluationReserve 2023-12-29 00755179 d:InvestmentPropertiesRevaluationReserve 2022-12-31 00755179 d:RetainedEarningsAccumulatedLosses 2023-12-29 00755179 d:RetainedEarningsAccumulatedLosses 2022-12-31 00755179 c:FRS102 2023-01-01 2023-12-29 00755179 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-29 00755179 c:FullAccounts 2023-01-01 2023-12-29 00755179 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-29 00755179 d:OtherDeferredTax 2023-12-29 00755179 d:OtherDeferredTax 2022-12-31 00755179 6 2023-01-01 2023-12-29 00755179 e:PoundSterling 2023-01-01 2023-12-29 iso4217:GBP xbrli:pure
Registered number: 00755179









W. J. BAKER (PROPERTY MANAGEMENT) LIMITED

FILLETED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2023







































 
W. J. BAKER (PROPERTY MANAGEMENT) LIMITED
REGISTERED NUMBER: 00755179

BALANCE SHEET
AS AT 29 DECEMBER 2023

29 December
31 December
2023
Restated 2022
Note
£
£

Fixed assets
  

Investments
 4 
1
1

Investment property
 5 
388,729
388,729

  
388,730
388,730

Current assets
  

Stocks
 6 
27,051
27,051

Debtors: amounts falling due within one year
 7 
163,617
136,369

Cash at bank and in hand
 8 
363
12,004

  
191,031
175,424

Creditors: amounts falling due within one year
 9 
(110,487)
(110,372)

Net current assets
  
 
 
80,544
 
 
65,052

Total assets less current liabilities
  
469,274
453,782

Creditors: amounts falling due after more than one year
 10 
(24,762)
(50,606)

Provisions for liabilities
  

Deferred tax
 12 
(97,182)
(97,182)

  
 
 
(97,182)
 
 
(97,182)

Net assets
  
347,330
305,994

Page 1

 
W. J. BAKER (PROPERTY MANAGEMENT) LIMITED
REGISTERED NUMBER: 00755179
    
BALANCE SHEET (CONTINUED)
AS AT 29 DECEMBER 2023

29 December
31 December
2023
Restated 2022
£
£

Capital and reserves
  

Called up share capital 
  
1,000
1,000

Investment property reserve
  
291,547
291,547

Profit and loss account
  
54,783
13,447

  
347,330
305,994


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 May 2025.




R J Baker
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
W. J. BAKER (PROPERTY MANAGEMENT) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2023

1.


General information

W J Baker (Property Management) Limited is a private limited company by shares and is incorporated in England & Wales, registered number 00755179. The registered office is 7 Baxter Court, 22 High Baxter Street, Bury St Edmunds, Suffolk.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

  
2.3

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

Page 3

 
W. J. BAKER (PROPERTY MANAGEMENT) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
W. J. BAKER (PROPERTY MANAGEMENT) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2023

2.Accounting policies (continued)

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2022 - 2).

Page 5

 
W. J. BAKER (PROPERTY MANAGEMENT) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2023

4.


Fixed asset investments








Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
1



At 29 December 2023
1





5.


Investment property





Freehold investment property

£



Valuation


At 1 January 2023
388,729



At 29 December 2023
388,729

The 2023 valuations were made by the directors, on an open market value for existing use basis.

The historic cost of investment properties is £nil.




Page 6

 
W. J. BAKER (PROPERTY MANAGEMENT) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2023

6.


Stocks

29 December
31 December
2023
2022
£
£

Work in progress
27,051
27,051



7.


Debtors

29 December
31 December
2023
Restated 2022
£
£


Other debtors
162,111
134,270

Prepayments and accrued income
1,506
2,099

163,617
136,369



8.


Cash and cash equivalents

29 December
31 December
2023
2022
£
£

Cash at bank and in hand
363
12,004


Page 7

 
W. J. BAKER (PROPERTY MANAGEMENT) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2023

9.


Creditors: Amounts falling due within one year

29 December
31 December
2023
Restated 2022
£
£

Bank loans
29,506
19,279

Trade creditors
4,623
4,623

Corporation tax
32,980
15,099

Other taxation and social security
10,710
21,146

Other creditors
27,890
45,525

Accruals and deferred income
4,778
4,700

110,487
110,372



10.


Creditors: Amounts falling due after more than one year

29 December
31 December
2023
Restated 2022
£
£

Bank loans
24,762
50,606

24,762
50,606



11.


Loans


Analysis of the maturity of loans is given below:


29 December
31 December
2023
Restated 2022
£
£

Amounts falling due within one year
29,506
19,279

Amounts falling due 1-2 years
4,632
4,632

Amounts falling due 2-5 years
20,129
45,974


54,267
69,885


Page 8

 
W. J. BAKER (PROPERTY MANAGEMENT) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 DECEMBER 2023

12.


Deferred taxation






29 December 2023
31 
December 2022


£

£






At beginning of year
(97,182)
(19,000)


Charged to profit or loss
-
(78,182)



At end of year
(97,182)
(97,182)

The provision for deferred taxation is made up as follows:

29 December
31 December
2023
2022
£
£


Revaluation gains
(97,182)
(97,182)


13.


Prior year adjustment

The opening balances of current liabilities, current assets and equity of the prior period have been restated as a result of a prior year adjustment.
The adjustment arises as a result of revenue and liabilities not previously recognised. For the prior year, the effect on current liabilities is an increase of £69,885, on current assets is an increase of £75,185, on profit is an increase of £44,215 and on closing reserves is an increase of £5,300. The opening reserves of the prior year were decreased by £38,915. Any affected comparative amounts are shown as 'restated'.


14.


Transactions with directors

Included in debtors are balances of £101,628 payable by directors. This was the highest balance outstanding during the year and is repayable on demand and interest is charged at H M Revenue & Customs official rates.

 
Page 9