Registration number: 13243892

Bacon Property Group Ltd

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

Bacon Property Group Ltd

(Registration number: 13243892)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	2,889	322
Investment property	5	390,471	-
		393,360	322
Current assets
Stocks	6	-	282,600
Debtors	7	1,386	13,817
Cash at bank and in hand		339	4,054
		1,725	300,471
Creditors: Amounts falling due within one year	8	(73,853)	(236,270)
Net current (liabilities)/assets		(72,128)	64,201
Total assets less current liabilities		321,232	64,523
Creditors: Amounts falling due after more than one year	8	(597,360)	(325,478)
Net liabilities		(276,128)	(260,955)
Capital and reserves
Called up share capital	9	125	125
Profit and loss account		(276,253)	(261,080)
Shareholders' deficit		(276,128)	(260,955)

Bacon Property Group Ltd

(Registration number: 13243892)
Balance Sheet as at 31 October 2025

For the financial year ending 31 October 2025 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.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 October 2026:
 

 

Mr Conor Jack Bacon
Director

Bacon Property Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1	General information

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

The address of its registered office is:
1st Floor Woburn House
84 St Benedicts Street
Norwich
Norfolk
NR2 4AB

2	Accounting policies

Basis of preparation

These financial statements have been prepared using the historical cost convention in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

The presentation currency is sterling.

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.

Going concern
Notwithstanding the deficit of shareholders' funds, the director considers that the company will recover this deficit in future years and therefore it is appropriate for the accounts to be prepared on a going concern basis.

Revenue recognition
Turnover comprises rental income received or receivable in the ordinary course of the company's activities.

The company recognises revenue when:

The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities

Tangible assets

Tangible assets are stated at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation
Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Computer equipment	25% straight line
Motor vehicles	25% straight line

Investment property

Investment properties are measured at fair value at each reporting date with changes in fair value recognised in the profit and loss account.

Bacon Property Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Cash
Cash comprises cash on hand and all deposits.

Stocks

Stocks are stated at the lower of cost and net realisable value.

The cost of work in progress comprises direct materials and, where applicable, direct labour costs, finance costs and overheads.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3	Staff numbers

The average number of persons employed by the company during the year was 0 (2024 - 0).

4	Tangible assets

	Computer equipment  £	Motor vehicles  £	Total £
Cost
At 1 November 2024	469	-	469
Additions	-	3,067	3,067
At 31 October 2025	469	3,067	3,536
Depreciation
At 1 November 2024	147	-	147
Charge for the year	117	383	500
At 31 October 2025	264	383	647
Net book value
At 31 October 2025	205	2,684	2,889
At 31 October 2024	322	-	322

Bacon Property Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

5	Investment property

	2025 £	2024 £
At 1 November	-	341,182
Additions	390,471	-
Disposals	-	(341,182)
At 31 October	390,471	-

Included in additions are assets in the course of construction in the sum of £84,267 which relate to refurbishment and improvement expenditure, including option fees incurred on a residential property. At the balance sheet date, the company held an option to acquire the freehold of the property as detailed in Note 11 of the accounts.

6

Stocks

	2025 £	2024 £
Work in progress	-	282,600

7

Debtors

	2025 £	2024 £
Prepayments	1,386	13,817
	1,386	13,817

	Page 5
	Pacific Limited, 1st Floor Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB

Bacon Property Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

8

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Bank loans	-	172,500
Trade creditors	4,390	3,220
Other creditors	965	-
Other loans	64,095	56,041
Accruals	4,403	4,509
	73,853	236,270