REGISTERED NUMBER: 10709160 (England and Wales)

BAOLeary Limited

Unaudited Financial Statements

for the Year Ended 29 April 2025

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Director:

B A O'Leary

Registered office:

Mynshull House

78 Churchgate

Stockport

Cheshire

SK1 1YJ

Registered number:

10709160 (England and Wales)

Accountants:

Mitchell Charlesworth

Mynshull House

78 Churchgate

Stockport

Cheshire

SK1 1YJ

Fixed assets

Investment property

4

350,000

300,000

Current assets

Debtors

5

2,597

1,458

Cash at bank

320

1,143

2,917

2,601

Creditors

Amounts falling due within one year

6

153,400

153,843

Net current liabilities

(150,483

)

(151,242

)

Total assets less current liabilities

199,517

148,758

Creditors

Amounts falling due after more than one year

7

(125,424

)

(128,308

)

Provisions for liabilities

9

(14,093

)

(6,032

)

Net assets

60,000

14,418

Capital and reserves

Called up share capital

10

100

100

Retained earnings

59,900

14,318

Shareholders' funds

60,000

14,418

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 April 2025 in accordance with Section 476 of the Companies Act 2006.

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 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 director and authorised for issue on 13 January 2026 and were signed by:

B A O'Leary - Director

1.	Statutory information

BAOLeary 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable.

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.

Investment properties are initially measured at cost and subsequently measured at fair value. Changes in fair value are recognised in profit or loss.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102. The directors consider that, because investment properties are not held for consumption, but for their investment potential, to depreciate them would not give a true and fair view.

If this departure from the Companies Act 2006 had not been made in order to give a true and fair view, the profit for the financial year would have been reduced by depreciation. However the amount of depreciation cannot reasonably be quantified, because depreciation is only one of many factors reflected in the annual valuation and the amount relating to the depreciation of the property cannot be separately identified.

3.	Employees and directors

The average number of employees during the year was 1 (2024 - 1 ) .

4.	Investment property

Total

£

Fair value

At 30 April 2024

300,000

Valuation changes

50,000

At 29 April 2025

350,000

Net book value

At 29 April 2025

350,000

At 29 April 2024

300,000

Fair value at 29 April 2025 is represented by:

£

Valuation in 2025

350,000

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

29.4.25

29.4.24

£

£

Cost

254,218

254,218

The investment property was valued on an open market basis basis on 29 April 2025 by the director .

5.

Debtors: amounts falling due within one year

29.4.25

29.4.24

£

£

Other debtors

2,597

1,458

6.

Creditors: amounts falling due within one year

29.4.25

29.4.24

£

£

Bank loans and overdrafts

4,214

4,956

Directors' current accounts

148,407

148,107

Accrued expenses

779

780

153,400

153,843

7.

Creditors: amounts falling due after more than one year

29.4.25

29.4.24

£

£

Bank loans - 2-5 years

23,100

23,100

Bank loans repayable after more than five years

102,324

105,208

125,424

128,308

Amounts falling due in more than five years:

Repayable by instalments

Bank loans repayable after more than five years

102,324

105,208

8.	Secured debts

The following secured debts are included within creditors:

29.4.25

29.4.24

£

£

Bank loans

129,638

133,264

The bank loan is secured on the company's property.

9.	Provisions for liabilities

29.4.25

29.4.24

£

£

Deferred tax

14,093

6,032

Deferred

tax

£

Balance at 30 April 2024

6,032

Provided during year

8,061

Balance at 29 April 2025

14,093

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

29.4.25

29.4.24

value:

£

£

100

Ordinary

1

100

100