BAYHANARTS LIMITED Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC097397

BAYHANARTS LIMITED

Filleted Unaudited Abridged Financial Statements

31 March 2026

BAYHANARTS LIMITED

Abridged Statement of Financial Position

31 March 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	4	122,768	122,793
Investments	5	10,000	10,000
		---------	---------
		132,768	132,793

Current assets

Stocks	–	59
Debtors	23,819	23,007
Cash at bank and in hand	25,486	13,094
	--------	--------
	49,305	36,160

Creditors: amounts falling due within one year	23,333		678
	--------		--------
Net current assets		25,972	35,482
		---------	---------
Total assets less current liabilities		158,740	168,275

Provisions

Taxation including deferred tax	409	431
	---------	---------
Net assets	158,331	167,844
	---------	---------

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	157,331	166,844
	---------	---------
Shareholders funds	158,331	167,844
	---------	---------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the 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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

All of the members have consented to the preparation of the abridged statement of financial position for the year ending 31 March 2026 in accordance with Section 444(2A) of the Companies Act 2006.

BAYHANARTS LIMITED

Abridged Statement of Financial Position (continued)

31 March 2026

These abridged financial statements were approved by the board of directors and authorised for issue on 24 August 2026 , and are signed on behalf of the board by:

W E Bryan

Director

Company registration number: SC097397

BAYHANARTS LIMITED

Notes to the Abridged Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is Macdowall & Co, Tulloch Street, Dingwall, Ross-shire, IV15 9JY.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures & fittings	-	10% reducing balance
Motor vehicles	-	25% reducing balance
Office equipment	-	10% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the abridged statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, as either financial assets or financial liabilities.

4. Tangible assets

	£
Cost
At 1 April 2025	128,123
Additions	537
	---------
At 31 March 2026	128,660
	---------
Depreciation
At 1 April 2025	5,330
Charge for the year	562
	---------
At 31 March 2026	5,892
	---------
Carrying amount
At 31 March 2026	122,768
	---------
At 31 March 2025	122,793
	---------

5. Investments

	£
Cost
At 1 April 2025 and 31 March 2026	10,000
	--------
Impairment
At 1 April 2025 and 31 March 2026	–
	--------
Carrying amount
At 31 March 2026	10,000
	--------
At 31 March 2025	10,000
	--------

6. Prior period errors

A prior year adjustment has been made to take account of an accrual for deferred tax of £4,330.

7. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2026
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
A M Bryan	( 18)	22,286	( 22,300)	( 32)
	----	--------	--------	----

	2025
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
A M Bryan	–	18,856	( 18,873)	(17)
	----	--------	--------	----

8. Related party transactions

The company was under the control of the directors Mr W Bryan & Mrs A Bryan throughout the current and previous year.