BAYELSA DEVELOPMENT & INVESTMENT COMPANY LTD

Company Registration Number:
08491487 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2025

Period of accounts

Start date: 01 May 2024

End date: 30 April 2025

BAYELSA DEVELOPMENT & INVESTMENT COMPANY LTD

Contents of the Financial Statements

for the Period Ended 30 April 2025

Balance sheet
Notes

BAYELSA DEVELOPMENT & INVESTMENT COMPANY LTD

Balance sheet

As at 30 April 2025


Notes
2025
2024


£
£
Fixed assets
Tangible assets: 3 3,200,000 3,200,000
Total fixed assets: 3,200,000 3,200,000
Current assets
Cash at bank and in hand: 171,576 101,185
Total current assets: 171,576 101,185
Creditors: amounts falling due within one year: 4 (21,099) (8,096)
Net current assets (liabilities): 150,477 93,089
Total assets less current liabilities: 3,350,477 3,293,089
Total net assets (liabilities): 3,350,477 3,293,089
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 3,350,476 3,293,088
Shareholders funds: 3,350,477 3,293,089

The notes form part of these financial statements

BAYELSA DEVELOPMENT & INVESTMENT COMPANY LTD

Balance sheet statements

For the year ending 30 April 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 09 January 2026
and signed on behalf of the board by:

Name: Funkazi Debra Louis Koroye
Status: Director

The notes form part of these financial statements

BAYELSA DEVELOPMENT & INVESTMENT COMPANY LTD

Notes to the Financial Statements

for the Period Ended 30 April 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

1. 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 historic cost convention. Going concern In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue. The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements. Turnover Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.

Tangible fixed assets and depreciation policy

Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter. Land and buildings: Freehold property - 1% straight line Plant and machinery etc.: Fixtures & fittings - 20% reducing balance

Other accounting policies

Taxation Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current 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.

BAYELSA DEVELOPMENT & INVESTMENT COMPANY LTD

Notes to the Financial Statements

for the Period Ended 30 April 2025

2. Employees

2025 2024
Average number of employees during the period 0 0

BAYELSA DEVELOPMENT & INVESTMENT COMPANY LTD

Notes to the Financial Statements

for the Period Ended 30 April 2025

3. Tangible Assets

Total
Cost £
At 01 May 2024 3,358,080
At 30 April 2025 3,358,080
Depreciation
At 01 May 2024 158,080
Charge for year 0
On disposals 0
Other adjustments 0
At 30 April 2025 158,080
Net book value
At 30 April 2025 3,200,000
At 30 April 2024 3,200,000

BAYELSA DEVELOPMENT & INVESTMENT COMPANY LTD

Notes to the Financial Statements

for the Period Ended 30 April 2025

4. Creditors: amounts falling due within one year note

21,099