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REGISTERED NUMBER: 13426937 (England and Wales)









Financial Statements

for the Year Ended 31 May 2024

for

Baxter Rise Limited

Baxter Rise Limited (Registered number: 13426937)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Baxter Rise Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: M Caplan
J Caplan
S M Ryder





REGISTERED OFFICE: c/o Parker Cavendish, Suite 301,
Stanmore Business and Innovation Centre
Howard Road
Stanmore
Middlesex
HA7 1FW





REGISTERED NUMBER: 13426937 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
Suite 301
Stanmore Business and Innovation Centre
Howard Road
Stanmore
Middlesex
HA7 1FW

Baxter Rise Limited (Registered number: 13426937)

Statement of Financial Position
31 May 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 66,628 24,151
Investment property 5 1,024,593 1,022,593
1,091,221 1,046,744

CURRENT ASSETS
Debtors 6 5,528 511
Cash at bank and in hand 1,051 225
6,579 736
CREDITORS
Amounts falling due within one year 7 1,121,388 1,049,709
NET CURRENT LIABILITIES (1,114,809 ) (1,048,973 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(23,588

)

(2,229

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (23,688 ) (2,329 )
(23,588 ) (2,229 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2025 and were signed on its behalf by:





S M Ryder - Director


Baxter Rise Limited (Registered number: 13426937)

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

1. STATUTORY INFORMATION

Baxter Rise 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Fixtures and fittings - 20% on cost

Depreciation will commence once the property is let out.

Investment property
Initial measurement
Investment properties are initially measured at cost.

Subsequent measurement
Investment properties are measured at fair value at each reporting date with changes in fair values recognised in profit or loss. No depreciation is provided in respect of investment properties.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

Baxter Rise Limited (Registered number: 13426937)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 June 2023 24,151
Additions 42,477
At 31 May 2024 66,628
NET BOOK VALUE
At 31 May 2024 66,628
At 31 May 2023 24,151

Depreciation will commence once the property is let out.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 1,022,593
Additions 2,000
At 31 May 2024 1,024,593
NET BOOK VALUE
At 31 May 2024 1,024,593
At 31 May 2023 1,022,593

The property was under development during the year to 31 May 2024.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments and accrued income 5,528 511

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 1,118,388 1,047,609
Accruals and deferred income 3,000 2,100
1,121,388 1,049,709