Baystate Company Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02626608

Unaudited Financial Statements for the Year Ended 31 July 2025

for

Baystate Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

H Desai

R Desai

D J Patel

SECRETARY:

R Desai

REGISTERED OFFICE:

19 Shirehall Close

Hendon

London

NW4 2QR

REGISTERED NUMBER:

02626608

ACCOUNTANTS:

Palak Services Limited

80 Woodrush Way

Romford

Essex

RM6 5BL

FIXED ASSETS

Tangible assets

4

1,075,000

CURRENT ASSETS

Debtors

5

2,129,412

1,559,677

Cash at bank

49,042

56,404

2,178,454

1,616,081

CREDITORS

Amounts falling due within one year

6

888,187

881,238

NET CURRENT ASSETS

1,290,267

734,843

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,365,267

1,809,843

CREDITORS

Amounts falling due after more than
one year

7

(515,492

)

-

PROVISIONS FOR LIABILITIES

(105,473

)

(105,473

)

NET ASSETS

1,744,302

1,704,370

CAPITAL AND RESERVES

Called up share capital

10,000

Other reserves

316,418

Retained earnings

1,417,884

1,377,952

SHAREHOLDERS' FUNDS

1,744,302

1,704,370

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 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 authorised for issue by the Board of Directors and authorised for issue on 8 September 2025 and were signed on its behalf by:

H Desai - Director

1.	STATUTORY INFORMATION

Baystate Company Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Key sources of estimation uncertainty and judgements

The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reported period.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - now fully depreciated

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 August 2024

and 31 July 2025

1,075,000

137,848

1,212,848

DEPRECIATION

At 1 August 2024

and 31 July 2025

-

137,848

NET BOOK VALUE

At 31 July 2025

1,075,000

-

1,075,000

At 31 July 2024

1,075,000

-

1,075,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

Other debtors

2,129,412

1,559,677

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

Bank loans and overdrafts

6,000

-

Tax

9,337

11,207

Sundry creditors

27,977

27,624

Directors' current accounts

824,008

839,008

Accrued expenses

20,865

3,399

888,187

881,238

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31.7.25

31.7.24

£

Bank loans - 1-2 years

6,000

-

Bank loans - 2-5 years

18,000

-

Bank loans more 5 yr by instal

491,492

-

515,492

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

491,492

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.25

31.7.24

£

Bank loans

521,492

-

Bank loan advanced by Cambridge & Counties Bank Limited are secured by way of fixed charge over company's freehold property.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is an amount of £824,008 (2024: £839,008) owed by the company to its directors.

10.	RELATED PARTY DISCLOSURES

Included in other debtors is a balance of £2,078,069 (2024: £1,528,333) owed by Forthglen Investments Limited a company controlled by common directorship.

Included in other debtors is a balance of £21,343 (2024: £21,343) owed by Pizza Etcetra Limited a company controlled by common directorship.

Included in other debtors is a balance of £30,000 (2024: £10,000) owed by Holgate Properties Ltd a company controlled by common directorship.

There are no specific terms of interest or repayments on the above balance.