Registration number: 13243892

Bacon Property Group Ltd

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 6

Bacon Property Group Ltd

(Registration number: 13243892)
Balance Sheet as at 31 October 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	322	440
Investment property	5	-	341,182
		322	341,622
Current assets
Stocks	6	282,600	-
Debtors	7	13,817	4,334
Cash at bank and in hand		4,054	499
		300,471	4,833
Creditors: Amounts falling due within one year	8	(236,270)	(505,603)
Net current assets/(liabilities)		64,201	(500,770)
Total assets less current liabilities		64,523	(159,148)
Creditors: Amounts falling due after more than one year	8	(325,478)	-
Net liabilities		(260,955)	(159,148)
Capital and reserves
Called up share capital	9	125	125
Profit and loss account		(261,080)	(159,273)
Shareholders' deficit		(260,955)	(159,148)

Bacon Property Group Ltd

(Registration number: 13243892)
Balance Sheet as at 31 October 2024

For the financial year ending 31 October 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 October 2025:
 

 

Mr Conor Jack Bacon
Director

Bacon Property Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
1st Floor Woburn House
84 St Benedicts Street
Norwich
Norfolk
NR2 4AB

2	Accounting policies

Basis of preparation

These financial statements have been prepared using the historical cost convention in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

The presentation currency is sterling.

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern
Notwithstanding the deficit of shareholders' funds, the director considers that the company will recover this deficit in future years and therefore it is appropriate for the accounts to be prepared on a going concern basis.

Tangible assets

Tangible assets are stated at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation
Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Computer equipment	25% straight line

Investment property

Investment properties are measured at fair value at each reporting date with changes in fair value recognised in the profit or loss account.

Cash
Cash comprises cash on hand and all deposits.

Stocks

Stocks are stated at the lower of cost and net realisable value.

The cost of work in progress comprises direct materials and, where applicable, direct labour costs, finance costs and overheads.

Bacon Property Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3	Staff numbers

The average number of persons employed by the company during the year was 0 (2023 - 0).

4	Tangible assets

	Computer equipment  £	Total £
Cost
Additions	469	469
At 31 October 2024	469	469
Depreciation
At 1 November 2023	29	29
Charge for the year	118	118
At 31 October 2024	147	147
Net book value
At 31 October 2024	322	322
At 31 October 2023	440	440

5	Investment property

	2024 £	2023 £
At 1 November	341,182	-
Additions	-	445,914
Disposals	(341,182)	-
Fair value adjustments	-	(104,732)
At 31 October	-	341,182

Bacon Property Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

6

Stocks

	2024 £	2023 £
Work in progress	282,600	-

7

Debtors

	2024 £	2023 £
Prepayments	13,817	4,334
	13,817	4,334

8

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Bank loans	172,500	238,500
Trade creditors	3,220	-
Other loans	56,041	264,394
Accruals	4,509	2,709
	236,270	505,603