Baker Commercial Limited - Filleted accounts

Baker Commercial Limited
Registered number:		04564085
Statement of Financial Position
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	4		200,627			260,941

Current assets
Debtors	5	9,000			65,606
Cash at bank and in hand		39,073			10,758
		48,073			76,364

Creditors: amounts falling due within one year	6	(150,466)			(168,458)

Net current liabilities			(102,393)			(92,094)

Total assets less current liabilities			98,234			168,847


Provisions for liabilities			(200)			(6,989)


Net assets			98,034			161,858

Capital and reserves
Called up share capital			2			2
Revaluation reserve	7		(26,495)			27,108
Profit and loss account			124,527			134,748

Shareholders' funds			98,034			161,858

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Philip Baker
Director
Approved by the board on 23 July 2026

Baker Commercial Limited
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			25% reducing balance

	Investments
	Investment property is measured at fair value. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2	Exceptional items					2026		2025
£							£

	Value adjustments on fixed assets and current asset investments					59,962		-
						59,962		-


3	Employees and directors					2026		2025
Number							Number

	Average number of directors and persons employed by the company					2		1


4	Tangible fixed assets
				Investment property		Plant and machinery etc		Total
£					£		£
	Cost
	At 1 April 2025			259,535		4,077		263,612
	Fair value movements			(59,962)		-		(59,962)
	At 31 March 2026			199,573		4,077		203,650

	Depreciation
	At 1 April 2025			-		2,671		2,671
	Charge for the year			-		352		352
	At 31 March 2026			-		3,023		3,023

	Net book value
	At 31 March 2026			199,573		1,054		200,627
	At 31 March 2025			259,535		1,406		260,941


5	Debtors					2026		2025
£							£

	Trade debtors					7,876		8,400
	Prepayments					1,124		1,128
	Other debtors					-		56,078
						9,000		65,606


6	Creditors: amounts falling due within one year					2026		2025
£							£

	Trade creditors					-		111
	Accruals					1,740		1,655
	Corporation tax					1,017		13,004
	Other taxes and social security costs					6,261		12,849
	Other creditors					141,448		140,839
						150,466		168,458


7	Fair value reserve					2026		2025
£							£

	At 1 April 2025					27,108		27,108
	Movement on revaluation of land and buildings					(59,962)		-
	Deferred taxation arising on the revaluation of land and buildings					6,359		-

	At 31 March 2026					(26,495)		27,108


8	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Philip Baker
	Repayable on demand	56,078		7,445		56,078		-

		56,078		7,445		56,078		-


9	Other information

	Baker Commercial Limited is a private company limited by shares and incorporated in England. Its registered office is:
	269 Farnborough Road
	Farnborough
	Hampshire
	GU14 7LY