Acorah Software Products - Accounts Production 16.4.675 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 10448412 Mrs Lilia Da Silva-Teixeira Miss Antonia Da Silva-Teixeira iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10448412 2024-03-31 10448412 2025-03-31 10448412 2024-04-01 2025-03-31 10448412 frs-core:CurrentFinancialInstruments 2025-03-31 10448412 frs-core:Non-currentFinancialInstruments 2025-03-31 10448412 frs-core:FurnitureFittings 2025-03-31 10448412 frs-core:FurnitureFittings 2024-04-01 2025-03-31 10448412 frs-core:FurnitureFittings 2024-03-31 10448412 frs-core:ShareCapital 2025-03-31 10448412 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 10448412 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10448412 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 10448412 frs-bus:SmallEntities 2024-04-01 2025-03-31 10448412 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 10448412 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 10448412 frs-bus:Director1 2024-04-01 2025-03-31 10448412 frs-bus:Director2 2024-04-01 2025-03-31 10448412 frs-countries:EnglandWales 2024-04-01 2025-03-31 10448412 2023-03-31 10448412 2024-03-31 10448412 2023-04-01 2024-03-31 10448412 frs-core:CurrentFinancialInstruments 2024-03-31 10448412 frs-core:Non-currentFinancialInstruments 2024-03-31 10448412 frs-core:ShareCapital 2024-03-31 10448412 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 10448412
Baytree Dst Properties Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Inspire Accounting (UK) Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10448412
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,276 14,380
Investment Properties 5 5,798,000 5,806,000
5,808,276 5,820,380
CURRENT ASSETS
Debtors 6 84,125 62,082
Cash at bank and in hand 41,722 61,384
125,847 123,466
Creditors: Amounts Falling Due Within One Year 7 (2,973,458 ) (2,997,333 )
NET CURRENT ASSETS (LIABILITIES) (2,847,611 ) (2,873,867 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,960,665 2,946,513
Creditors: Amounts Falling Due After More Than One Year 8 (2,569,412 ) (2,569,394 )
NET ASSETS 391,253 377,119
CAPITAL AND RESERVES
Called up share capital 9 20 20
Profit and Loss Account 391,233 377,099
SHAREHOLDERS' FUNDS 391,253 377,119
Page 1
Page 2
For the year ending 31 March 2025 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Lilia Da Silva-Teixeira
Director
25/07/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Baytree Dst Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10448412 . The registered office is 13a Chiltern Court, Asheridge Road, Chesham, HP5 2PX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fll due for the foreseable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
2.3. Turnover
Revenue comprises rental income, service charges and other recoveries from tenants of the company's investment properties. Rental income is recognised on an accruals basis in the period in which it is earned, in accordance with the terms of the lease.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 10% on Cost
2.5. Investment Properties
All investment properties are 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 for. Changes in fair value are recognised in the profit and loss account.
2.6. Financial Instruments
Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.
Such assets are subsequently carried at amortised cost using the effective interest method, less any impairement.
          Financial liabilities
Basic financial liabilities, including trade, other creditors and bank loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Fixtures & Fittings
£
Cost or Valuation
As at 1 April 2024 41,041
As at 31 March 2025 41,041
Depreciation
As at 1 April 2024 26,661
Provided during the period 4,104
As at 31 March 2025 30,765
Net Book Value
As at 31 March 2025 10,276
As at 1 April 2024 14,380
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 5,806,000
Fair value adjustments (8,000 )
As at 31 March 2025 5,798,000
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 3,095
Other debtors 84,125 58,987
84,125 62,082
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts 343,200 345,608
Other creditors 2,630,258 2,651,725
2,973,458 2,997,333
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 2,569,412 2,569,394
The bank loans are secured by way of a fixed and floating charge over the company's assets.
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 20 20
10. Related Party Transactions
At the year end, included in other creditors is an amount of £2,623,158 (2023 £2,617,758) owed to the directors of the company. The loans are provided interest free and unsecured. There are no formal terms and conditions regarding repayment of the loans.
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