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Registration number: 14536528

Bayview Developments (Brockenhurst) Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Bayview Developments (Brockenhurst) Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Bayview Developments (Brockenhurst) Ltd

Company Information

Director

Mr W L Buckler

Registered office

The Old Exchange
521 Wimborne Road East
Ferndown
Dorset
BH22 9NH

Accountants

Wilkinsons Accountants Limited
Chartered Certified Accountants
The Old Exchange
521 Wimborne Road East
Ferndown
Dorset
BH22 9NH

 

Bayview Developments (Brockenhurst) Ltd

(Registration number: 14536528)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Current assets

 

Stocks

4

3,114,081

1,373,643

Debtors

5

4,308

2,451

Cash at bank and in hand

 

2,890

16,465

 

3,121,279

1,392,559

Creditors: Amounts falling due within one year

6

(3,324,405)

(1,481,981)

Net liabilities

 

(203,126)

(89,422)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(203,226)

(89,522)

Shareholders' deficit

 

(203,126)

(89,422)

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 2 June 2025
 

.........................................
Mr W L Buckler
Director

 

Bayview Developments (Brockenhurst) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The Old Exchange
521 Wimborne Road East
Ferndown
Dorset
BH22 9NH

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity, and rounded to the nearest £1.

Going concern

The company had a net balance deficit of £203,126 (2023: £89,422) at the balance sheet date and is dependent on the continued support of its group companies.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of land and property in the ordinary course of the Company's activities. Turnover is recognised on the completion of contracts.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Bayview Developments (Brockenhurst) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

2

Accounting policies (continued)

Stocks

Work in Progress is valued at the lower cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price anticipated costs to completion and selling costs. Costs include all direct costs other than finance related expenditure.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4

Stocks

2024
£

2023
£

Work in progress

3,114,081

1,373,643

5

Debtors

2024
£

2023
£

Other debtors

4,308

2,451

4,308

2,451

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

1,884,796

717,723

Trade creditors

 

86,297

-

Amounts owed to group undertakings

1,352,312

762,258

Accruals and deferred income

 

1,000

2,000

 

3,324,405

1,481,981

 

Bayview Developments (Brockenhurst) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

7

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Bank borrowings

1,634,796

467,723

Other borrowings

250,000

250,000

1,884,796

717,723


The bank and other borrowings are secured by a debenture over the assets of the company and by guarantee from the directors together with charges over individual land assets.

8

Parent and ultimate parent undertaking

The company's immediate parent is Bayview Developments (South) Limited, incorporated in England.

  These financial statements are available upon request from The Old Exchange, 521 Wimborne Road East, Ferndown, Dorset, BH22 9NH.