REGISTERED NUMBER: 01089200 (England and Wales)

Bailey Bros. (Builders) Limited

Unaudited Financial Statements for the Year Ended 31 March 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L S James

P A Woodhead

SECRETARY:

P A Woodhead

REGISTERED OFFICE:

72 Lingards Road

Slaithwaite

Huddersfield

HD7 5HY

REGISTERED NUMBER:

01089200 (England and Wales)

FIXED ASSETS

Investment property

4

654,478

830,000

CURRENT ASSETS

Debtors

5

302,357

301,549

Cash at bank

155,011

103,918

457,368

405,467

CREDITORS

Amounts falling due within one year

6

88,163

139,721

NET CURRENT ASSETS

369,205

265,746

TOTAL ASSETS LESS CURRENT LIABILITIES

1,023,683

1,095,746

PROVISIONS FOR LIABILITIES

2,100

3,000

NET ASSETS

1,021,583

1,092,746

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

7

1,011,583

1,082,746

1,021,583

1,092,746

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 28 May 2026 and were signed on its behalf by:

P A Woodhead - Director

1.	STATUTORY INFORMATION

Bailey Bros. (Builders) 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, excluding discounts, rebates, value added tax and other sales taxes.

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 has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - NIL ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

830,000

Additions

294,478

Disposals

(470,000

)

At 31 March 2026

654,478

NET BOOK VALUE

At 31 March 2026

654,478

At 31 March 2025

830,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2019

706,387

Valuation in 2024

(270,000

)

Valuation in 2025

(335,000

)

Cost

553,091

654,478

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

31.3.26

31.3.25

£

£

Cost

553,091

725,075

The investment properties were valued on an open market basis on 5 June 2024 by Marsh & Marsh Properties, Halifax .

The value of the properties has been updated by the directors to reflect current market conditions and actual selling prices of some properties.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Other debtors

302,357

301,549

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade creditors

-

23,611

Taxation and social security

63,480

64,080

Other creditors

24,683

52,030

88,163

139,721

7.

RESERVES

Retained

earnings

£

At 1 April 2025

1,082,746

Deficit for the year

(21,163

)

Dividends

(50,000

)

At 31 March 2026

1,011,583

Included in retained earnings are profits of £98,387 (2025 - £101,925), which are unrealised and therefore not available for distribution.

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025:

31.3.26

31.3.25

£

£

M G Bailey

Balance outstanding at start of year

231,683

234,506

Amounts advanced

809

-

Amounts repaid

-

(2,823

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

232,492

231,683

Advances in excess of £10,000 are subject to interest at rates equivalent to the official HM Revenue & Customs rates of interest applicable to beneficial loans. The interest rate applied during the year was 3.75% per annum (2025 - 2.25%). During the year the amount of interest charged in respect of the loan was £809 (2025 - £5,186).