Bayard Capital (UK) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08652727

BAYARD CAPITAL (UK) LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2024

BAYARD CAPITAL (UK) LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2024

	2024		2023
Note	$	$	$	$

FIXED ASSETS

Investments	4		42,059,450		42,059,450

CURRENT ASSETS

Debtors	5	7,169,134	2,885,563
Cash at bank and in hand		190,749	1,401,880
		------------	------------
		7,359,883	4,287,443

CREDITORS: amounts falling due within one year	6	7,344,624		4,301,871
		------------		------------
NET CURRENT ASSETS/(LIABILITIES)			15,259		( 14,428)
			-------------		-------------
TOTAL ASSETS LESS CURRENT LIABILITIES			42,074,709		42,045,022
			-------------		-------------
NET ASSETS			42,074,709		42,045,022
			-------------		-------------

CAPITAL AND RESERVES

Called up share capital	101	101
Share premium account	42,048,038	42,048,038
Profit and loss account	26,570	( 3,117)
	-------------	-------------
SHAREHOLDERS FUNDS	42,074,709	42,045,022
	-------------	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Director's responsibilities:

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

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

BAYARD CAPITAL (UK) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 29 August 2025 , and are signed on behalf of the board by:

I C L Hendricks
Director

Company registration number: 08652727

BAYARD CAPITAL (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Headlands House, 1 Kings Court, Kettering Parkway, Kettering, NN15 6WJ.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in dollars, which is the functional currency of the entity.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Investments

Investments in subsidiaries are recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

4. INVESTMENTS

	Shares in group undertakings
	$
Cost
At 1 January 2024 and 31 December 2024	42,059,450
	-------------
Impairment
At 1 January 2024 and 31 December 2024	–
	-------------

Carrying amount
At 31 December 2024	42,059,450
	-------------
At 31 December 2023	42,059,450
	-------------

5. DEBTORS

	2024	2023
	$	$
Amounts owed by group undertakings and undertakings in which the company has a participating interest	7,162,155	2,885,462
Other debtors	6,979	101
	------------	------------
	7,169,134	2,885,563
	------------	------------

6. CREDITORS: amounts falling due within one year

	2024	2023
	$	$
Amounts owed to group undertakings and undertakings in which the company has a participating interest	7,273,376	4,293,029
Social security and other taxes	17,423	7,292
Other creditors	53,825	1,550
	------------	------------
	7,344,624	4,301,871
	------------	------------

7. RELATED PARTY TRANSACTIONS

The company has participated in transactions with related parties and has exercised the exemption allowed under FRS 102 not to disclose transactions with entities, 100% of whose voting rights are controlled within the group.

8. CONTROLLING PARTY

The company's ultimate controlling party is Mr A C O'Reilly.