REGISTERED NUMBER: 14705998 (England and Wales)

Byatt-Day Property Ltd

Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M M Byatt

Miss H M H Day

REGISTERED OFFICE:

24 Cornwall Road

Dorchester

Dorset

DT1 1RX

REGISTERED NUMBER:

14705998 (England and Wales)

ACCOUNTANTS:

Read Woodruff

Chartered Accountants

24 Cornwall Road

Dorchester

Dorset

DT1 1RX

FIXED ASSETS

Tangible assets

4

9,213

10,838

Investment property

5

1,078,853

462,642

1,088,066

473,480

CURRENT ASSETS

Stocks

-

306,316

Debtors

6

38,507

28,139

Cash at bank

280

20,397

38,787

354,852

CREDITORS

Amounts falling due within one year

7

702,439

538,385

NET CURRENT LIABILITIES

(663,652

)

(183,533

)

TOTAL ASSETS LESS CURRENT LIABILITIES

424,414

289,947

CREDITORS

Amounts falling due after more than one year

8

556,547

324,870

NET LIABILITIES

(132,133

)

(34,923

)

CAPITAL AND RESERVES

Called up share capital

100

100

Undistributable reserves

10

1,831

-

Retained earnings

(134,064

)

(35,023

)

(132,133

)

(34,923

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2025 and were signed on its behalf by:

M M Byatt - Director

Miss H M H Day - Director

1.	STATUTORY INFORMATION

Byatt-Day Property Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures, fittings, equipment

-

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Undistributable reserves

Whilst fair value gains on investment property are taken to the profit and loss account, they are not distributable as dividend to shareholders because the gain is unrealised. The company therefore adopts the policy of transferring the fair value adjustment net/inclusive of the deferred tax charge/credit to a separate account, 'undistributable reserves'.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings,

equipment

£

COST

At 1 April 2024

and 31 March 2025

12,751

DEPRECIATION

At 1 April 2024

1,913

Charge for year

1,625

At 31 March 2025

3,538

NET BOOK VALUE

At 31 March 2025

9,213

At 31 March 2024

10,838

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

462,642

Additions

613,770

Revaluations

2,441

At 31 March 2025

1,078,853

NET BOOK VALUE

At 31 March 2025

1,078,853

At 31 March 2024

462,642

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

2,441

Cost

1,076,412

1,078,853

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

1,076,412

-

Investment property was valued on a fair value basis on 31 March 2025 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Deferred tax asset

30,264

8,215

Prepayments and accrued income

8,243

19,924

38,507

28,139

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other loans

171,000

172,500

Tax and social security costs

584

-

Other creditors

37

-

Directors' current accounts

528,385

363,451

Accruals and deferred income

2,433

2,434

702,439

538,385

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

556,547

324,870

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans

556,547

324,870

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

556,547

324,870

Other loans

171,000

172,500

727,547

497,370

All loans are secured by legal charges over the respective freehold and long leasehold properties for which they were advanced.

10.

RESERVES

Undistributable

reserves

£

Transfer unrealised gain/loss on investment property to undistributable reserves

1,831

At 31 March 2025

1,831

Undistributable reserves represent the unrealised gains on carrying investment property at fair value less the deferred tax provision thereon; being unrealised, such amounts are not available to be distributed as dividend to shareholders.