| REGISTERED NUMBER: |
| BAYHAM LIMITED |
| Unaudited Financial Statements |
| for the Year Ended 30 April 2025 |
| REGISTERED NUMBER: |
| BAYHAM LIMITED |
| Unaudited Financial Statements |
| for the Year Ended 30 April 2025 |
| BAYHAM LIMITED (REGISTERED NUMBER: 00397890) |
| Contents of the Financial Statements |
| for the year ended 30 April 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| BAYHAM LIMITED |
| Company Information |
| for the year ended 30 April 2025 |
| Director: |
| Registered office: |
| Registered number: |
| Accountants: |
| Broadwalk House, 5th Floor |
| 5 Appold Street |
| Broadgate |
| London |
| EC2A 2AG |
| BAYHAM LIMITED (REGISTERED NUMBER: 00397890) |
| Balance Sheet |
| 30 April 2025 |
| 2025 | 2024 |
| Notes | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Current assets |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| Net current assets |
| Total assets less current liabilities |
| Provisions for liabilities | 7 | ( |
) | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital | 8 |
| Retained earnings |
| Shareholders' funds |
| The director acknowledges his 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 were approved by the director and authorised for issue on |
| BAYHAM LIMITED (REGISTERED NUMBER: 00397890) |
| Notes to the Financial Statements |
| for the year ended 30 April 2025 |
| 1. | Statutory information |
| Bayham Limited is a |
| 2. | Accounting policies |
| Accounting convention |
| These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. |
| The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest pound. |
| The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. |
| Going Concern |
| At the time of approving the financial statements, the directors has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements. |
| Turnover |
| Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT. |
| Tangible fixed assets |
| Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. |
| Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: |
| Buildings leasehold | Over the life of the lease |
| Plant and machinery | 10% Straight line |
| Computer equipment | 33.33% Straight line |
| Motor Vehicle | 20% Straight line |
| The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss. |
| Impairment of fixed assets |
| At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any), Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. |
| Stocks |
| Stocks are stated at the lower of cost and estimated selling price inclusive of a 15% deduction for scrap and waste allowance. |
| At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss. |
| Cash at bank and in hand |
| Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks. |
| BAYHAM LIMITED (REGISTERED NUMBER: 00397890) |
| Notes to the Financial Statements - continued |
| for the year ended 30 April 2025 |
| 2. | Accounting policies - continued |
| Financial instruments |
| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. |
| Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. |
| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when |
| there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
| Basic financial assets |
| Basic financial assets, which include debtors, amounts due from group undertakings and cash and bank balances, are measured at transaction price including transaction. Financial assets classified as receivable within one year are not amortised. |
| Classification of financial liabilities |
| 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. |
| Basic financial liabilities |
| Basic financial liabilities, including creditors and other payables are recognised at transaction price. Financial liabilities classified as payable within one year are not amortised. |
| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised at transaction. |
| Equity instruments |
| Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company. |
| Foreign exchange |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Employee benefits |
| The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. |
| The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. |
| Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits. |
| Retirement benefits |
| The company operates a defined contribution scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account. |
| Other income |
| Other income is made up of rental income received . This is recognised when received. Other income is also made up of a management charge invoiced to a fellow group company. This is recognised when invoiced. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| BAYHAM LIMITED (REGISTERED NUMBER: 00397890) |
| Notes to the Financial Statements - continued |
| for the year ended 30 April 2025 |
| 4. | Tangible fixed assets |
| Buildings | Plant and | Computer |
| leasehold | machinery | equipment | Totals |
| £ | £ | £ | £ |
| Cost |
| At 1 May 2024 |
| Additions |
| At 30 April 2025 |
| Depreciation |
| At 1 May 2024 |
| Charge for year |
| At 30 April 2025 |
| Net book value |
| At 30 April 2025 |
| At 30 April 2024 |
| 5. | Debtors: amounts falling due within one year |
| 2025 | 2024 |
| £ | £ |
| Trade debtors | ( |
) |
| Amounts owed by group undertakings |
| Other debtors |
| 6. | Creditors: amounts falling due within one year |
| 2025 | 2024 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | Provisions for liabilities |
| 2025 | 2024 |
| £ | £ |
| Deferred tax | 12,374 | 8,953 |
| Deferred tax |
| £ |
| Balance at 1 May 2024 |
| Charge to Income Statement during year |
| Balance at 30 April 2025 |
| BAYHAM LIMITED (REGISTERED NUMBER: 00397890) |
| Notes to the Financial Statements - continued |
| for the year ended 30 April 2025 |
| 8. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| Ordinary | 25p | 50,000 | 50,000 |
| 9. | Related party disclosures |
| At the year end £1,146,109 (2024 - £1,084,434) was due from the parent company. |
| 10. | Parent company |
| The company is wholly owned subsidiary of Bayham Holdings Limited, whose registered office is Rutherford Road, Daneshill Industrial Estate, Basingstoke, Hampshire, RG24 8PG. |