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REGISTERED NUMBER: 15097462 (England and Wales)

















BAYFORD PROPERTY COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

25 AUGUST 2023 TO 30 SEPTEMBER 2024






BAYFORD PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 15097462)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 25 AUGUST 2023 TO 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BAYFORD PROPERTY COMPANY LIMITED

COMPANY INFORMATION
FOR THE PERIOD 25 AUGUST 2023 TO 30 SEPTEMBER 2024







DIRECTORS: M J G King
Ms C F Yannaghas
J S King





REGISTERED OFFICE: 124 Great North Road
Hatfield
AL9 5JN





REGISTERED NUMBER: 15097462 (England and Wales)





ACCOUNTANTS: Keelings Limited
Chartered Tax Advisers and
Chartered Certified Accountants
Broad House
1 The Broadway
Old Hatfield
Hertfordshire
AL9 5BG

BAYFORD PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 15097462)

BALANCE SHEET
30 SEPTEMBER 2024

Notes £    £   
FIXED ASSETS
Investment property 4 2,463,285

CURRENT ASSETS
Debtors 5 17,999
Cash at bank 84,513
102,512
CREDITORS
Amounts falling due within one year 6 2,614,407
NET CURRENT LIABILITIES (2,511,895 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(48,610

)

CAPITAL AND RESERVES
Called up share capital 300
Retained earnings (48,910 )
(48,610 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 May 2025 and were signed on its behalf by:





M J G King - Director


BAYFORD PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 15097462)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 25 AUGUST 2023 TO 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Bayford Property Company Limited 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
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets and in accordance with the Financial Reporting Standard 102 Section 1A Small Entities, the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company’s accounting policies.

The directors have reasonable expectations that the company, with their support, has adequate resources to continue in operational existence for the foreseeable future. Therefore, the directors have adopted the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates
Estimates and judgements are periodically evaluated and are based on historical experience and other factors including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.

The company's critical accounting judgements and estimates are in respect of the fair value of freehold investment properties.

Details of these judgements and estimates are described in the relevant accounting policy and detailed notes to the financial statements as set out below:

Freehold investment properties

Property held for investment is valued by the directors to determine its fair value using the yield methodology. The valuations are based on assumptions including future rental income and anticipated costs. The directors also make reference to the market evidence of transaction prices for similar properties (see accounting policy on investment properties).

Investment property
Freehold investment property is carried at fair value determined annually 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.

Borrowing costs directly attributable to the acquisition and construction of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use, are added to the cost of those assets until such time as the assets are substantially ready for letting.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as rent receivable and other accounts receivable and payable and loans from banks and related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.


BAYFORD PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 15097462)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 25 AUGUST 2023 TO 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 2,463,285
At 30 September 2024 2,463,285
NET BOOK VALUE
At 30 September 2024 2,463,285

Included within cost at 30 September 2024 are capitalised borrowing costs of £194,265.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 17,999

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 32,878
Other creditors 2,581,529
2,614,407