0 false false false false false false false false false false true false false false false false false No description of principal activity 2024-06-30 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP NI631623 2024-06-30 2025-06-29 NI631623 2025-06-29 NI631623 2024-06-29 NI631623 2023-06-30 2024-06-29 NI631623 2024-06-29 NI631623 2023-06-29 NI631623 bus:OrdinaryShareClass1 2024-06-30 2025-06-29 NI631623 bus:Director1 2024-06-30 2025-06-29 NI631623 core:LandBuildings core:OwnedOrFreeholdAssets 2024-06-29 NI631623 core:LandBuildings core:OwnedOrFreeholdAssets 2025-06-29 NI631623 core:WithinOneYear 2025-06-29 NI631623 core:WithinOneYear 2024-06-29 NI631623 core:AfterOneYear 2025-06-29 NI631623 core:AfterOneYear 2024-06-29 NI631623 core:ShareCapital 2025-06-29 NI631623 core:ShareCapital 2024-06-29 NI631623 core:RetainedEarningsAccumulatedLosses 2025-06-29 NI631623 core:RetainedEarningsAccumulatedLosses 2024-06-29 NI631623 core:LandBuildings core:OwnedOrFreeholdAssets 2024-06-29 NI631623 bus:SmallEntities 2024-06-30 2025-06-29 NI631623 bus:AuditExemptWithAccountantsReport 2024-06-30 2025-06-29 NI631623 bus:SmallCompaniesRegimeForAccounts 2024-06-30 2025-06-29 NI631623 bus:PrivateLimitedCompanyLtd 2024-06-30 2025-06-29 NI631623 bus:FullAccounts 2024-06-30 2025-06-29 NI631623 bus:OrdinaryShareClass1 2025-06-29 NI631623 bus:OrdinaryShareClass1 2024-06-29
COMPANY REGISTRATION NUMBER: NI631623

BAYROCK CAPITAL LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

29 June 2025

BAYROCK CAPITAL LTD

STATEMENT OF FINANCIAL POSITION

29 June 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Tangible assets | 4 | 337,050 | 337,050

Current assets

Debtors | 5 | 20,645 | 20,645
Cash at bank and in hand | 4,278 | 14,354
| -------- | --------
| 24,923 | 34,999

Creditors: amounts falling due within one year | 6 | 132,926 | 141,782
| --------- | ---------
Net current liabilities | 108,003 | 106,783
| --------- | ---------
Total assets less current liabilities | 229,047 | 230,267

Creditors: amounts falling due after more than one year | 7 | 97,155 | 117,927
| --------- | ---------
Net assets | 131,892 | 112,340
| --------- | ---------

Capital and reserves

Called up share capital | 8 | 10 | 10
Profit and loss account | 131,882 | 112,330
| --------- | ---------
Shareholders funds | 131,892 | 112,340
| --------- | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 29 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

BAYROCK CAPITAL LTD

STATEMENT OF FINANCIAL POSITION (continued)

29 June 2025
These financial statements were approved by the board of directors and authorised for issue on 27 February 2026 , and are signed on behalf of the board by:

Mr R Smith |
Director |

Company registration number: NI631623

BAYROCK CAPITAL LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 29 JUNE 2025
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 13 Fifth Ave, Bangor, BT20 5JP, Northern Ireland.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Equipment | - | 33 % straight line

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
4. Tangible assets

| Freehold property | Equipment | Total
| £ | £ | £
Cost |  |  |
At 30 June 2024 | 337,050 | 444 | 337,494
Disposals | – | ( 444) | ( 444)
| --------- | ---- | ---------
At 29 June 2025 | 337,050 | – | 337,050
| --------- | ---- | ---------
Depreciation |  |  |
At 30 June 2024 | – | 444 | 444
Disposals | – | ( 444) | ( 444)
| --------- | ---- | ---------
At 29 June 2025 | – | – | –
| --------- | ---- | ---------
Carrying amount |  |  |
At 29 June 2025 | 337,050 | – | 337,050
| --------- | ---- | ---------
At 29 June 2024 | 337,050 | – | 337,050
| --------- | ---- | ---------

The director has not obtained a professional valuation for investment properties as at 30 June 2017 since the valuation has not changed materially since acquisition.
5. Debtors

| 2025 | 2024
| £ | £
Other debtors | 20,645 | 20,645
| -------- | --------

6. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 16,389 | 12,007
Corporation tax | 4,586 | 8,167
Amounts owed to group undertakings | 107,250 | 107,250
Other creditors | 4,701 | 14,358
| --------- | ---------
| 132,926 | 141,782
| --------- | ---------

Bank loans are secured by a fixed and floating charge over the freehold and leasehold property of the company.
7. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 97,155 | 117,927
| -------- | ---------

Bank loans are secured by a fixed and floating charge over the freehold and leasehold property of the company.
8. Called up share capital
Issued, called up and fully paid

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £ 1 each | 10 | 10 | 10 | 10
| ---- | ---- | ---- | ----

9. Director's advances, credits and guarantees
All transactions with directors are disclosed in related party note below.
10. Related party transactions
During the year, the company was under the control of Mr R Smith and Mr M Smith as joint shareholders. During the year, net loans of £9,657 were repaid to directors (2024: £109,352). The balance of £2,781 (2024: £12,438) remained owed to the directors at the balance sheet date. Loans are interest free and repayable on demand. The company is related to Zakani Limited by virtue of a common director, Mr R Smith . During the year, the company received £Nil net loans from Zakani Limited (2024: £Nil). The balance of £107,250 (2024: £107,250) remained owing at the balance sheet date. Loans are interest free and repayable on demand. The company is related to Dunluce Healthcare Bangor Ltd by virtue of common director, Mr R Smith . During the year, the company received Nil net loans (2024: £Nil). The balance of £20,645 (2024:£20,645)remained owed to the the company at the balance sheet date. Loans are interest free and repayable on demand.