Registration number: 01385178

Bailfarm Limited

Contents

Accountants' Report	1
Abridged Balance Sheet	2 to 3
Notes to the Unaudited Abridged Financial Statements	4 to 6

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Bailfarm Limited
for the Year Ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Bailfarm Limited for the year ended 31 March 2026 as set out on pages 2 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Bailfarm Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Bailfarm Limited and state those matters that we have agreed to state to the Board of Directors of Bailfarm Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bailfarm Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Bailfarm Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Bailfarm Limited. You consider that Bailfarm Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Bailfarm Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Page Kirk LLP
Chartered Accountants
Sherwood House
7 Gregory Boulevard
Nottingham
Nottinghamshire
NG7 6LB

13 July 2026

Bailfarm Limited

(Registration number: 01385178)
Abridged Balance Sheet as at 31 March 2026

	Note	2026		2025 £
		£	£
Fixed assets
Tangible assets	4		42,394		51,331
Investment property	5		810,000		810,000
			852,394		861,331
Current assets
Debtors		1,631,555		1,547,443
Cash at bank and in hand		5,047		9,120
		1,636,602		1,556,563
Creditors: Amounts falling due within one year		(22,071)		(8,245)
Net current assets			1,614,531		1,548,318
Total assets less current liabilities			2,466,925		2,409,649
Provisions for liabilities			(129,854)		(127,620)
Accruals and deferred income			(5,500)		(5,500)
Net assets			2,331,571		2,276,529
Capital and reserves
Called up share capital		100		100
Revaluation reserve		344,361		344,361
Profit and loss account		1,987,110		1,932,068
Shareholders' funds			2,331,571		2,276,529

Bailfarm Limited

(Registration number: 01385178)
Abridged Balance Sheet as at 31 March 2026

For the financial year ending 31 March 2026 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 13 July 2026
 

......................................... Mr R E Lynch Company secretary and director

Bailfarm Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Sherwood House
7 Gregory Boulevard
Nottingham
Nottinghamshire
NG7 6LB
United Kingdom

These financial statements were authorised for issue by the director on 13 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Basis of preparation of financial statements

These financial statements were prepared under the historical cost convention in accordance with applicable United Kingdom accounting standards, including the Financial Reporting Standard 102 ('FRS 102') Section 1A small entities, and with the Companies Act 2006.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services (including rental income from investment properties) in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Bailfarm Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

Asset class	Depreciation method and rate
Furniture, fittings and equipment	25% reducing balance
Motor vehicles	25% reducing balance
Other property, plant and equipment	25% reducing balance

Bailfarm Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

Investment properties

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined from time to time by the Directors. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in the Revaluation Reserve.

3	Staff numbers

During the year, the average number of employees and directors at the company was 3 (2025 - 3).

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other property, plant and equipment  £	Total £
Cost or valuation
At 1 April 2025	13,144	78,775	510	92,429
Additions	3,547	-	-	3,547
At 31 March 2026	16,691	78,775	510	95,976
Depreciation
At 1 April 2025	7,763	32,875	460	41,098
Charge for the year	2,584	9,890	10	12,484
At 31 March 2026	10,347	42,765	470	53,582
Carrying amount
At 31 March 2026	6,344	36,010	40	42,394
At 31 March 2025	5,381	45,900	50	51,331

Investment properties

	2026 £
At 1 April	810,000
At 31 March	810,000

The investment properties were revalued by the directors of the company on 31 March 2022. The directors deem that the market values of the properties have not materially changed from this date.