For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

Bayhill Property Limited is a private company limited by shares incorporated in England and Wales. The registered office is Bayhill House, Orchard Drive, Cheltenham, Gloucestershire, United Kingdom, GL51 4AD.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised at the point of invoicing.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and 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.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

The average monthly number of persons (including directors) employed by the company during the year was:

At 31 March 2026 the investment property was valued by the director on an open market basis. The original cost of the investment property was £1,907,434 (2025: £1,907,434).

The company is party to a guarantee with Homes and Communities Agency in connection with loans advanced by the company to Centaur Homes (North) Limited.

Mr G Wooddisse

Director and shareholder

In a previous period, the related party loaned the company £401,048 as working capital. During the year, the company repaid the director £54,600. The amount due to the related party at year end was £346,448 (2025: £401,048). The amount is unsecured, interest-free and repayable on demand.

Bayhill Limited

Company under common control

In a previous period, the related party loaned the company £268,789 as working capital. During the year, the company repaid the related party £93,459. The amount due to the related party at year end was £175,330 (2025: £268,789). The amount is unsecured, interest-free and repayable on demand.

Rothesay Land Ltd

A company in which Mr G Wooddisse is a director

In a previous period, the company loaned the related party £60,000. During the year, the company loaned the related party a further £15,000. The amount due from the related party at year end was £75,000 (2025: £60,000). The amount is unsecured, interest-free and repayable on demand.

Centaur Land Limited

A company in which Mr G Wooddisse is a director

In a previous period, the company loaned the related party £415,000 as working capital. During the year, the company loaned the related party a further £175,000. The amount due from the related party at year end was £590,000 (2025: £415,000). The amount is unsecured, interest-free and repayable on demand.

Centaur Homes (North) Limited

A company in which Mr G Wooddisse is a director

In a previous period, the company loaned the related party £935,000 as working capital. During the year, the related party repaid £305,000. The amount due from the related party at year end was £630,000 (2025: £935,000). The amount is unsecured, interest-free and repayable on demand.

At the year end there is £350,000 (2025: £nil) of accrued income owing from the related party in respect of a profit share arrangement.

Centaur (South) Ltd

A company in which Mr G Wooddisse is a director

During the year, the company loaned the related party £350,000. The amount due from the related party at year end was £350,000 (2025: £nil). The amount is unsecured, interest-free and repayable on demand.

Centaur (West) Ltd

A company in which Mr G Wooddisse is a director

During the year, the company loaned the related party £650,000. The amount due from the related party at year end was £650,000 (2025: £nil). The amount is unsecured, interest-free and repayable on demand.

At the year end there is £100,000 (2025: £nil) of accrued income owing from the related party in respect of a profit share arrangement.