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Company Registration No. 12174006 (England and Wales)
BAIG & CO INVESTMENTS LTD Unaudited accounts for the year ended 31 December 2024
BAIG & CO INVESTMENTS LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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BAIG & CO INVESTMENTS LTD Company Information for the year ended 31 December 2024
Directors
Fahim Dewan Irfan Ahmed
Company Number
12174006 (England and Wales)
Registered Office
443b Cheetham Hill Road, Manchester, M8 0PF United Kingdom
Accountants
S&H Accountants 35 School Walk Manchester M16 7GD
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BAIG & CO INVESTMENTS LTD Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Intangible assets
4
8,962
-
Tangible assets
5
1,884
2,217
Investments
6
82,800
45,200
93,646
47,417
Current assets
Debtors
7
1,000
1,000
Cash at bank and in hand
8,734
2,433
9,734
3,433
Creditors: amounts falling due within one year
8
(70,811)
(56,488)
Net current liabilities
(61,077)
(53,055)
Total assets less current liabilities
32,569
(5,638)
Creditors: amounts falling due after more than one year
9
(64,981)
(16,064)
Provisions for liabilities
Other provisions
(103)
-
Net liabilities
(32,515)
(21,702)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(32,615)
(21,802)
Shareholders' funds
(32,515)
(21,702)
For the year ending 31 December 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 9 September 2025 and were signed on its behalf by
Irfan Ahmed Director Company Registration No. 12174006
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BAIG & CO INVESTMENTS LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
BAIG & CO INVESTMENTS LTD is a private company, limited by shares, registered in England and Wales, registration number 12174006. The registered office is 443b Cheetham Hill Road,, Manchester,, M8 0PF, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Fixtures & fittings
15% per annum on the basis of reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
£
Cost
At 1 January 2024
-
Additions
11,202
At 31 December 2024
11,202
Amortisation
At 1 January 2024
-
Charge for the year
2,240
At 31 December 2024
2,240
Net book value
At 31 December 2024
8,962
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BAIG & CO INVESTMENTS LTD Notes to the Accounts for the year ended 31 December 2024
5
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 January 2024
3,637
At 31 December 2024
3,637
Depreciation
At 1 January 2024
1,420
Charge for the year
333
At 31 December 2024
1,753
Net book value
At 31 December 2024
1,884
At 31 December 2023
2,217
6
Investments
Subsidiary undertakings
£
Valuation at 1 January 2024
45,200
Additions
37,600
Valuation at 31 December 2024
82,800
7
Debtors
2024
2023
£
£
Amounts falling due within one year
Accrued income and prepayments
1,000
1,000
8
Creditors: amounts falling due within one year
2024
2023
£
£
VAT
15,683
-
Taxes and social security
7,803
2,167
Other creditors
2,912
5,676
Loans from directors
42,499
47,695
Accruals
1,914
950
70,811
56,488
9
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
14,981
16,064
Other creditors
50,000
-
64,981
16,064
10
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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