Company No: 06208916 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	1,870		2,493
Investment property	4	625,000		625,000
		626,870		627,493
Current assets
Debtors	5	0		2,175
Cash at bank and in hand		9		20
		9		2,195
Creditors: amounts falling due within one year	6	( 386,975)		( 377,280)
Net current liabilities		(386,966)		(375,085)
Total assets less current liabilities		239,904		252,408
Creditors: amounts falling due after more than one year	7	( 81,753)		( 96,480)
Net assets		158,151		155,928
Capital and reserves
Called-up share capital	8	100		100
Capital contribution reserve		100,000		100,000
Profit and loss account	10	58,051		55,828
Total shareholder's funds		158,151		155,928

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Edmund Bailhache Limited (registered number: 06208916) were approved and authorised for issue by the Board of Directors on 22 December 2025. They were signed on its behalf by:

Mr E J Q Bailhache Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Edmund Bailhache Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 Church Square, Taunton, TA1 1SA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents the consideration receivable for rental services provided by the company during the year, net of value added tax.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment.

Plant and machinery	25 % reducing balance
Computer equipment	3 years straight line

Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on either a straight line or reducing balance basis over its expected useful life, as above.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate and is assessed annually. The value is based on observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

No depreciation is provided in respect of investment properties. The treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the accounts to show a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	0		0

3. Tangible assets

	Plant and machinery		Computer equipment		Total
	£		£		£
Cost
At 01 April 2024	5,808		1,461		7,269
At 31 March 2025	5,808		1,461		7,269
Accumulated depreciation
At 01 April 2024	3,315		1,461		4,776
Charge for the financial year	623		0		623
At 31 March 2025	3,938		1,461		5,399
Net book value
At 31 March 2025	1,870		0		1,870
At 31 March 2024	2,493		0		2,493

4. Investment property

	Investment property
	£
Valuation
As at 01 April 2024	625,000
Additions	3,014
Fair value movement	(3,014)
As at 31 March 2025	625,000

The investment property held by the company was valued by the directors at 31 March 2025.

As at 31 March 2025 the investment property held was valued at £625,000 (2024: £625,000).

5. Debtors

	2025		2024
	£		£
Prepayments	0		2,175

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans (secured)	13,252		11,777
Amounts owed to directors	218,707		226,413
Accruals	3,525		3,250
Corporation tax	52,484		54,721
Other taxation and social security	10,135		15,385
Other creditors	88,872		65,734
	386,975		377,280

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

	2025		2024
	£		£
Bank loans (secured)	81,753		96,480

The bank loans, included in creditors due within one year and creditors due after more than one year, are secured over the freehold property owned by the company.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

9. Related party transactions

Summary of transactions with directors

The directors rent residential accommodation within the freehold property owned by the company. This is an arms length transaction between the directors and the company at a market rate. This rent is included in rental income and totalled £9,000 for the year ended 31 March 2025 (2024: £9,000).

Summary of transactions with other related parties

Bailhache Law Limited
(Related by way of the director, E J Q Bailhache)

Included within rental income is rent receivable from Bailhache Law Limited for the year, totalling £15,825 (2024: £39,732).

Included within other creditors is an amount owed to Bailhache Law Limited. At the balance sheet date the amount owed was £62,557 (2024: £39,421).

10. Reserves

As at 31 March 2025 the profit and loss account includes non-distributable reserves of £308,572 (2024: £311,586). This relates to the revaluation of the investment properties.