REGISTERED NUMBER: 03250616 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

BARON MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms N K Blencowe

M Blencowe

REGISTERED OFFICE:

10 Prince Albert Street

Brighton

East Sussex

BN1 1HE

REGISTERED NUMBER:

03250616 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

4

391

699

Investment property

5

3,600,000

3,708,322

3,600,391

3,709,021

CURRENT ASSETS

Stocks

6

6,116,372

5,310,297

Debtors

7

176,156

2,185,041

Cash at bank

27,434

53,842

6,319,962

7,549,180

CREDITORS

Amounts falling due within one year

8

(7,745,066

)

(3,918,488

)

NET CURRENT (LIABILITIES)/ASSETS

(1,425,104

)

3,630,692

TOTAL ASSETS LESS CURRENT LIABILITIES

2,175,287

7,339,713

CAPITAL AND RESERVES

Called up share capital

2

2

Non-distributable reserve

9

381,406

290,308

Retained earnings

1,793,879

7,049,403

2,175,287

7,339,713

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2025 and were signed on its behalf by:

Ms N K Blencowe - Director

1.	STATUTORY INFORMATION

Baron Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for good and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Turnover comprises revenue recognised by the company in respect of rental income and service charges receivable during the year. Amount are accrued or prepaid, as appropriate, to recognise the period for which the revenue relates.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 2 ).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

47,516

5,180

52,696

Disposals

(47,201

)

(4,485

)

(51,686

)

At 31 March 2025

315

695

1,010

DEPRECIATION

At 1 April 2024

47,280

4,717

51,997

Charge for year

79

229

308

Eliminated on disposal

(47,201

)

(4,485

)

(51,686

)

At 31 March 2025

158

461

619

NET BOOK VALUE

At 31 March 2025

157

234

391

At 31 March 2024

236

463

699

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

3,708,322

Revaluations

(108,322

)

At 31 March 2025

3,600,000

NET BOOK VALUE

At 31 March 2025

3,600,000

At 31 March 2024

3,708,322

Fair value at 31 March 2025 is represented by:

£

Valuation in 2020

290,308

Valuation in 2025

(108,322

)

Cost

3,418,014

3,600,000

6.

STOCKS

2025

2024

£

£

Stocks

6,116,372

5,310,297

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

34,571

13,909

Amounts owed by group undertakings

-

1,950,142

Tax

-

79,028

Deferred tax asset

63,163

60,496

Accruals

62,500

62,500

Prepayments

15,922

18,966

176,156

2,185,041

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

378,005

192,854

Tax

(1,937

)

-

VAT

24,373

42,988

Other creditors

6,102,805

541,171

Directors' current accounts

1,200,701

3,067,348

Accruals and deferred income

38,367

65,232

Accrued expenses

2,752

8,895

7,745,066

3,918,488

9.

RESERVES

Non-distrib

reserve

£

At 1 April 2024

290,308

Movement

91,098

At 31 March 2025

381,406

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, Ms N K Blencowe decreased her loan to the company. As at 31 March 2025, the company owed her £ 1,200,701 (2024: £3,067,348). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

11.	RELATED PARTY DISCLOSURES

Companies under common control

Amoun t due from

Amount due to

£

£

Opening balance

15,560

110,139

Amounts advanced

-

5,914,228

Amounts repaid

15,560

174,005

Closing balance

-

5,850,363

These balances are included in debtors and creditors respectively.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Baron Estate Management Limited.

This was by virtue of Baron Estate Management Limited's 100% holding of the shares.

The share holding was transferred from Chestnut Development Company Limited on 05 July 2024.