Baralee Ltd. - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05292657 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Baralee Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N S Sandhu

J Sandhu

REGISTERED OFFICE:

Morton House

9 Beacon Court

Pitstone Green Business Park

Pitstone

LU7 9GY

REGISTERED NUMBER:

05292657 (England and Wales)

ACCOUNTANTS:

Ashbys Chartered Accountants

Morton House

9 Beacon Court

Pitstone Green Business Park

Pitstone

LU7 9GY

FIXED ASSETS

Tangible assets

3

1,658

2,211

Investment property

4

1,806,940

1,806,940

1,808,598

1,809,151

CURRENT ASSETS

Debtors

5

26,957

40,707

Cash at bank

35,137

148,780

62,094

189,487

CREDITORS

Amounts falling due within one year

6

1,196,599

1,309,036

NET CURRENT LIABILITIES

(1,134,505

)

(1,119,549

)

TOTAL ASSETS LESS CURRENT LIABILITIES

674,093

689,602

CREDITORS

Amounts falling due after more than one year

7

1,068,854

1,104,202

NET LIABILITIES

(394,761

)

(414,600

)

CAPITAL AND RESERVES

Called up share capital

612

612

Retained earnings

(395,373

)

(415,212

)

SHAREHOLDERS' FUNDS

(394,761

)

(414,600

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 on 17 December 2019 and were signed on its behalf by:

N S Sandhu - Director

1.	STATUTORY INFORMATION

Baralee Ltd 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.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax, except in respect of service

contracts where turnover is recognised when the company obtains the right to consideration

Tangible fixed assets

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

Plant and machinery etc

-

25% 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.

Going concern

Circumstances beyond the directors control have impacted on the company's ability to trade. As a result the

company made widespread changes to its operations and trading will continue at the reduced level.

The directors are working with advisors to oversee this change in circumstances and the liabilities of the

company.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

and 31 March 2019

3,076

DEPRECIATION

At 1 April 2018

865

Charge for year

553

At 31 March 2019

1,418

NET BOOK VALUE

At 31 March 2019

1,658

At 31 March 2018

2,211

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2018

and 31 March 2019

1,806,940

NET BOOK VALUE

At 31 March 2019

1,806,940

At 31 March 2018

1,806,940

The investment property was valued on an open market basis on 31 March 2019 by the director of the company

and there has been no change in value.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

-

10,200

Other debtors

26,957

30,507

26,957

40,707

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

121,303

120,661

Trade creditors

1,589

6,830

Taxation and social security

-

872

Other creditors

1,073,707

1,180,673

1,196,599

1,309,036

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Bank loans

1,068,854

1,104,202

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

488,621

501,423

8.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Bank loans

1,190,157

1,224,863

Included in creditors were secured debts of £1,105,157 (2018 - £1,139,863). The loans are secured on the assets

they relate to.