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

COMPANY REGISTRATION NUMBER: 13788583

BAYARD MANAGEMENT (UK) LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2024

BAYARD MANAGEMENT (UK) LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2024

	2024		2023
			(restated)
Note	£	£	£	£

FIXED ASSETS

Investments	5		104,776		–

CURRENT ASSETS

Debtors	6	232,807	513,632
Cash at bank and in hand		12,406,343	13,978,344
		-------------	-------------
		12,639,150	14,491,976

CREDITORS: amounts falling due within one year	7	23,549		70,871
		-------------		-------------
NET CURRENT ASSETS			12,615,601		14,421,105
			-------------		-------------
TOTAL ASSETS LESS CURRENT LIABILITIES			12,720,377		14,421,105

CREDITORS: amounts falling due after more than one year	8	12,749,816	14,423,485
		-------------	-------------
NET LIABILITIES		( 29,439)	( 2,380)
		-------------	-------------

CAPITAL AND RESERVES

Called up share capital fully paid	1	1
Profit and loss account	( 29,440)	( 2,381)
	--------	-------
SHAREHOLDERS DEFICIT	( 29,439)	( 2,380)
	--------	-------

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 MANAGEMENT (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 Hendricks
Director

Company registration number: 13788583

BAYARD MANAGEMENT (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 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.

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 sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.

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

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 1 (2023: Nil).

5. INVESTMENTS

	Unlisted investments
	£
Cost
At 1 January 2024 as restated	–
Additions	104,776
	---------
At 31 December 2024	104,776
	---------
Impairment
At 1 January 2024 as restated and 31 December 2024	–
	---------

Carrying amount
At 31 December 2024	104,776
	---------
At 31 December 2023	–
	---------

6. DEBTORS

	2024	2023
		(restated)
	£	£
Other debtors	232,807	513,632
	---------	---------

7. CREDITORS: amounts falling due within one year

	2024	2023
		(restated)
	£	£
Bank loans and overdrafts	–	520
Amounts owed to group undertakings and undertakings in which the company has a participating interest	894	68,113
Social security and other taxes	7,223	–
Other creditors	15,432	2,238
	--------	--------
	23,549	70,871
	--------	--------

8. CREDITORS: amounts falling due after more than one year

	2024	2023
		(restated)
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	12,749,816	14,423,485
	-------------	-------------

9. PRIOR PERIOD ADJUSTMENTS

The prior year's financial statements were restated as a result of the company changing the functional and presentational currency from dollars to sterling on 1 January 2024. This change has not impacted the underlying financial position or performance of the company as previous reported, and therefore there has been no change to corporation tax position.

10. 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.

11. CONTROLLING PARTY

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