Baybridge Estates Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 03777825

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1		1
Tangible Assets	5		1,951,464		2,011,353

			1,951,465		2,011,354
CURRENT ASSETS
Stocks	6	18,250		20,000
Debtors	7	351,000		299,888
Cash at bank and in hand		16,080		33,276

		385,330		353,164
Creditors: Amounts Falling Due Within One Year	8	(286,008 )		(345,045 )

NET CURRENT ASSETS (LIABILITIES)			99,322		8,119

TOTAL ASSETS LESS CURRENT LIABILITIES			2,050,787		2,019,473

Creditors: Amounts Falling Due After More Than One Year	9		(516,803 )		(632,002 )

NET ASSETS			1,533,984		1,387,471

CAPITAL AND RESERVES
Called up share capital	10		40		40
Capital redemption reserve			(1,115,490 )		(1,115,490 )
Profit and Loss Account			2,649,434		2,502,921

SHAREHOLDERS' FUNDS			1,533,984		1,387,471

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Baybridge Estates Limited

Balance Sheet (continued)

As At 31 July 2024

For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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

Mr Raovarinder Kang

Director

08/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Baybridge Estates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03777825 . The registered office is 26 George Road, Birmingham, B15 1PJ.

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. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.

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:

Freehold	2% on cost
Property Improvement	2% on cost
Fixtures & Fittings	25% on cost
Computer Equipment	25% on cost

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2023: 10)

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Baybridge Estates Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2024

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 August 2023	1

As at 31 July 2024	1

Net Book Value
As at 31 July 2024	1

As at 1 August 2023	1

5. Tangible Assets

	Land & Property
	Freehold	Property Improvement	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 August 2023	2,177,352	788,022	225,173	9,305	3,199,852

As at 31 July 2024	2,177,352	788,022	225,173	9,305	3,199,852

Depreciation
As at 1 August 2023	696,752	258,433	225,173	8,141	1,188,499
Provided during the period	43,547	15,760	-	582	59,889

As at 31 July 2024	740,299	274,193	225,173	8,723	1,248,388

Net Book Value
As at 31 July 2024	1,437,053	513,829	-	582	1,951,464

As at 1 August 2023	1,480,600	529,589	-	1,164	2,011,353

6. Stocks

	2024	2023
	£	£
Closing Stock	18,250	20,000

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Baybridge Estates Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2024

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	-	34,287
Prepayments and accrued income	47,237	70,434
Other Debtor	12,500	12,500
Other debtors - Kang Capital Limited	287,940	182,667
VAT Account	3,323	-

	351,000	299,888

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	55,191	100,759
Bank loans and overdrafts	118,727	75,000
Corporation tax	92,032	130,087
Other taxes and social security	619	4,486
VAT Account	-	25,741
Other creditors	14,339	8,472
Accruals	5,100	500

	286,008	345,045

9. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank Loans > 1 year	516,803	632,002

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	40	40

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