Company Registration No. 12351883 (England and Wales)
Bailey Property Law Limited
Unaudited accounts
for the year ended 31 March 2024
Bailey Property Law Limited
Unaudited accounts
Contents
Bailey Property Law Limited
Company Information
for the year ended 31 March 2024
Directors
Nicholas Simon Segal
Jonathan Bucknall
Company Number
12351883 (England and Wales)
Registered Office
Cadwallader & Co LLP
Eagle House
25 Severn Street
Welshpool
Powys
SY21 7AD
Wales
Bailey Property Law Limited
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
7,820
5,549
Creditors: amounts falling due within one year
(41,511)
(58,475)
Net current assets/(liabilities)
3,687
(11,864)
Total assets less current liabilities
4,527
(10,814)
Creditors: amounts falling due after more than one year
(4,838)
(4,838)
Net liabilities
(311)
(15,652)
Profit and loss account
(311)
(15,652)
Shareholders' funds
(311)
(15,652)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 June 2025 and were signed on its behalf by
Jonathan Bucknall
Director
Company Registration No. 12351883
Bailey Property Law Limited
Notes to the Accounts
for the year ended 31 March 2024
Bailey Property Law Limited is a private company, limited by shares, registered in England and Wales, registration number 12351883. The registered office is Cadwallader & Co LLP, Eagle House, 25 Severn Street, Welshpool, Powys, SY21 7AD, Wales. The company is in the process of being wound up.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% Written down value
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Bailey Property Law Limited
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,000
1,830
Taxes and social security
3,091
3,091
Other creditors
33,741
51,175
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 1 (2023: 4).