BYE2018 Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11508794

BYE2018 Limited

Filleted Unaudited Financial Statements

31 December 2024

BYE2018 Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£	£

Fixed Assets

Tangible assets	4		424,772		425,615

Current Assets

Cash at bank and in hand	51,565		29,619

Creditors: amounts falling due within one year	5	198,290		193,139
		---------		---------
Net Current Liabilities			146,725		163,520
			---------		---------
Total Assets Less Current Liabilities			278,047		262,095

Creditors: amounts falling due after more than one year	6		174,387		173,885

Provisions	22,558	21,294
	---------	---------
Net Assets	81,102	66,916
	---------	---------

BYE2018 Limited

Statement of Financial Position (continued)

31 December 2024

	2024		2023
Note	£	£	£	£

Capital and Reserves

Called up share capital	7	2	2
Profit and loss account		81,100	66,914
		--------	--------
Shareholders Funds		81,102	66,916
		--------	--------

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.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 26 September 2025 , and are signed on behalf of the board by:

Mr D S White

Director

Company registration number: 11508794

BYE2018 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. The address of the registered office is 21 Churchfield Road, Wolverhampton, West Midlands, WV10 6TL.

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

1 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.

2 Revenue Recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts.

3 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.

4 Tangible Assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

5 Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	15% reducing balance

6 Investment Property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

7 Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

4. Tangible Assets

	Investment properties	Fixtures and fittings	Total
	£	£	£
Cost
At 1 January 2024 and 31 December 2024	420,000	12,055	432,055
	---------	--------	---------
Depreciation
At 1 January 2024	–	6,440	6,440
Charge for the year	–	843	843
	---------	--------	---------
At 31 December 2024	–	7,283	7,283
	---------	--------	---------
Carrying amount
At 31 December 2024	420,000	4,772	424,772
	---------	--------	---------
At 31 December 2023	420,000	5,615	425,615
	---------	--------	---------

The investment properties have been measured at fair value which is the open market value of the properties. The fair value adjustment has been taken through the profit and loss account.

5. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	2,009	–
Social security and other taxes	3,052	–
Other creditors	193,229	193,139
	---------	---------
	198,290	193,139
	---------	---------

6. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	174,387	173,885
	---------	---------

Included within creditors: amounts falling due after more than one year is an amount of £174,387 (2023: £173,885) in respect of liabilities payable or repayable otherwise than by instalments which fall due for payment after more than five years from the reporting date.

The loan of £174,387 (2023 - £173,885) is secured by a charge over the company's assets.

7. Called Up Share Capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	2	2	2	2
	----	----	----	----

8. Related Party Transactions

During the year an interest free loan for the sum of £190,620 (2023 - £190,620) was received from a company owned by the directors.