REGISTERED NUMBER: 03520104 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Bago Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr M W Kenyon

Miss S F Kenyon

Mrs C V Kenyon

SECRETARY:

Mrs C V Kenyon

REGISTERED OFFICE:

Dunedin Pentre Gwyddel

Rhoscolyn

Holyhead

Gwynedd

LL65 2NQ

REGISTERED NUMBER:

03520104 (England and Wales)

ACCOUNTANTS:

J Davenport & Co. Ltd

Chartered Accountants

East Meats

White Knowle

Chinley

Derbyshire

SK23 6EA

FIXED ASSETS

Tangible assets

4

72,357

72,834

CURRENT ASSETS

Cash at bank

319

447

CREDITORS

Amounts falling due within one year

5

60,026

62,132

NET CURRENT LIABILITIES

(59,707

)

(61,685

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,650

11,149

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

12,646

11,145

SHAREHOLDERS' FUNDS

12,650

11,149

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 29 December 2025 and were signed on its behalf by:

Mr M W Kenyon - Director

1.	STATUTORY INFORMATION

Bago Properties Limited 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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Financial instruments

Financial instruments are classified, and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences residual interest in the assets of the company after deducting all of its liabilities.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

69,650

26,141

95,791

DEPRECIATION

At 1 April 2024

-

22,957

22,957

Charge for year

-

477

477

At 31 March 2025

-

23,434

23,434

NET BOOK VALUE

At 31 March 2025

69,650

2,707

72,357

At 31 March 2024

69,650

3,184

72,834

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Directors' current accounts

58,826

60,932

Accrued expenses

1,200

1,200

60,026

62,132

6.	RELATED PARTY DISCLOSURES