REGISTERED NUMBER: 11550856 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Bakerhayes Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J-P Hayes

M L Baker

REGISTERED OFFICE:

Ivy Cottage

20 The Square

Alveston

Bristol

BS35 3PE

REGISTERED NUMBER:

11550856 (England and Wales)

ACCOUNTANTS:

Stanley Joseph Limited

Chartered Accountants

Suite 1

Liberty House

South Liberty Lane

Bristol

BS3 2ST

FIXED ASSETS

Investments

4

100

100

Investment property

5

3,120,075

2,570,049

3,120,175

2,570,149

CURRENT ASSETS

Stocks

-

250,026

Debtors

6

12,858

75,926

Cash at bank

37,431

88,472

50,289

414,424

CREDITORS

Amounts falling due within one year

7

459,893

510,397

NET CURRENT LIABILITIES

(409,604

)

(95,973

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,710,571

2,474,176

CREDITORS

Amounts falling due after more than one year

8

(1,899,213

)

(1,595,984

)

PROVISIONS FOR LIABILITIES

9

(177,145

)

(177,145

)

NET ASSETS

634,213

701,047

CAPITAL AND RESERVES

Called up share capital

200

200

Fair value reserve

10

755,198

755,198

Retained earnings

10

(121,185

)

(54,351

)

SHAREHOLDERS' FUNDS

634,213

701,047

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 7 May 2026 and were signed on its behalf by:

J-P Hayes - Director

1.	STATUTORY INFORMATION

Bakerhayes 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.

Turnover

Turnover represents the amounts receivable, excluding VAT and trade discounts, by the company for goods and services provided during the year. All transactions arose in the United Kingdom.

Investment property

Investment properties are recorded at cost or valuation. No depreciation is provided on freehold properties as such assets are not held for consumption, but as investments, and the properties are well maintained and externally valued on a regular open market basis.

Any surplus or deficit arising on revaluing investment properties is recognised in the fair value reserve. Disposals are recognised on completion. Profits and losses arising are recognised through the profit and loss account; the profit on disposal is determined as the difference between the sales proceeds and the carrying amount of the asset at the commencement of the accounting period plus additions in the period.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

100

NET BOOK VALUE

At 31 December 2024

100

At 31 December 2023

100

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

2,570,049

Additions

550,026

At 31 December 2024

3,120,075

NET BOOK VALUE

At 31 December 2024

3,120,075

At 31 December 2023

2,570,049

Fair value at 31 December 2024 is represented by:

£

Valuation in 2021

932,343

Cost

2,187,732

3,120,075

If Investment properties had not been revalued they would have been included at the following historical cost:

31.12.24

31.12.23

£

£

Cost

2,187,732

1,057,657

Investment properties were valued on an open market basis on 31 December 2021 by Directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

10,760

-

Other debtors

2,098

75,926

12,858

75,926

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Taxation and social security

4,181

3,786

Other creditors

455,712

506,611

459,893

510,397

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

1,899,213

1,595,984

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

1,899,213

1,595,984

9.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

177,145

177,145

Deferred

tax

£

Balance at 1 January 2024

177,145

Balance at 31 December 2024

177,145

10.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 January 2024

(54,351

)

755,198

700,847

Deficit for the year

(66,834

)

(66,834

)

At 31 December 2024

(121,185

)

755,198

634,013