IRIS Accounts Production v25.4.12.37 04825754 Board of Directors Board of Directors 1.8.24 31.7.25 31.7.25 false true false false true false Fair value model iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 04825754 2024-07-31 04825754 2025-07-31 04825754 2024-08-01 2025-07-31 04825754 2023-07-31 04825754 2023-08-01 2024-07-31 04825754 2024-07-31 04825754 ns15:EnglandWales 2024-08-01 2025-07-31 04825754 ns14:PoundSterling 2024-08-01 2025-07-31 04825754 ns10:Director1 2024-08-01 2025-07-31 04825754 ns10:Director2 2024-08-01 2025-07-31 04825754 ns10:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 04825754 ns10:SmallEntities 2024-08-01 2025-07-31 04825754 ns10:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 04825754 ns10:SmallCompaniesRegimeForDirectorsReport 2024-08-01 2025-07-31 04825754 ns10:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 04825754 ns10:FullAccounts 2024-08-01 2025-07-31 04825754 ns10:RegisteredOffice 2024-08-01 2025-07-31 04825754 ns5:CurrentFinancialInstruments 2025-07-31 04825754 ns5:CurrentFinancialInstruments 2024-07-31 04825754 ns5:ShareCapital 2025-07-31 04825754 ns5:ShareCapital 2024-07-31 04825754 ns5:FurtherSpecificReserve3ComponentTotalEquity 2025-07-31 04825754 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-07-31 04825754 ns5:RetainedEarningsAccumulatedLosses 2025-07-31 04825754 ns5:RetainedEarningsAccumulatedLosses 2024-07-31 04825754 ns5:DeferredTaxation 2024-07-31 04825754 ns5:DeferredTaxation 2025-07-31 04825754 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-07-31

REGISTERED NUMBER: 04825754 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2025

FOR

BAINES PROPERTIES LIMITED

BAINES PROPERTIES LIMITED (REGISTERED NUMBER: 04825754) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| BAINES PROPERTIES LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST JULY 2025

| DIRECTORS: | A Baines-Holmes

| Mrs J Baines-Holmes

| REGISTERED OFFICE: | Cornelius House

| 178-180 Church Road

| Hove

| East Sussex

| BN3 2DJ

| REGISTERED NUMBER: | 04825754 (England and Wales)

| ACCOUNTANTS: | Parkers

| Cornelius House

| 178-180 Church Road

| Hove

| East Sussex

| BN3 2DJ

BAINES PROPERTIES LIMITED (REGISTERED NUMBER: 04825754) |

BALANCE SHEET

31ST JULY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investment property | 4 | 425,000 |  | 425,000 |  |

CURRENT ASSETS

Cash at bank | 43,475 |  | 28,610 |  |

CREDITORS

Amounts falling due within one year | 5 | 143,669 |  | 143,202 |  |

NET CURRENT LIABILITIES | (100,194 | ) | (114,592 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 324,806 |  | 310,408 |  |

PROVISIONS FOR LIABILITIES | 6 | 14,549 |  | 14,549 |  |

NET ASSETS | 310,257 |  | 295,859 |  |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Fair value reserve | 7 | 169,325 |  | 169,325 |  |

Retained earnings | 140,930 |  | 126,532 |  |

SHAREHOLDERS' FUNDS | 310,257 |  | 295,859 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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.

BAINES PROPERTIES LIMITED (REGISTERED NUMBER: 04825754) |

BALANCE SHEET - continued

31ST JULY 2025

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 15th February 2026 and were signed on its behalf by:

A Baines-Holmes - Director

Mrs J Baines-Holmes - Director

BAINES PROPERTIES LIMITED (REGISTERED NUMBER: 04825754) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2025

1. | STATUTORY INFORMATION

| Baines 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 as modified by the revaluation of certain assets.

| Significant judgements and estimates

| The investment property has been revalued by the director. No other significant judgements have had to be made by the directors in preparing these financial statements.

| Turnover

| Turnover represents rents received for the year.

| 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.

| Financial instruments

| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

| 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.

BAINES PROPERTIES LIMITED (REGISTERED NUMBER: 04825754) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST JULY 2025

2. | ACCOUNTING POLICIES - continued

| Impairment of non-financial assets

| At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

3. | EMPLOYEES AND DIRECTORS

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

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1st August 2024

| and 31st July 2025 | 425,000 |  |

| NET BOOK VALUE

| At 31st July 2025 | 425,000 |  |

| At 31st July 2024 | 425,000 |  |

| Fair value at 31st July 2025 is represented by:

£ |

| Valuation in 2025 | 196,224 |  |

| Cost | 228,776 |  |

425,000 |  |

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

2025 | 2024 |

£ | £ |

| Cost | 228,776 |  | 228,776 |  |

| Investment property was valued on an open market basis on 31st July 2025 by the directors .

5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Tax | 3,377 |  | 2,930 |  |

| Directors' current accounts | 139,602 |  | 139,602 |  |

| Accrued expenses | 690 |  | 670 |  |

143,669 |  | 143,202 |  |

BAINES PROPERTIES LIMITED (REGISTERED NUMBER: 04825754) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST JULY 2025

6. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 14,549 |  | 14,549 |  |

| Deferred |

| tax |

£ |

| Balance at 1st August 2024 | 14,549 |  |

| Balance at 31st July 2025 | 14,549 |  |

7. | RESERVES

| Fair

| value

| reserve

£ |

| At 1st August 2024

| and 31st July 2025 | 169,325 |  |