Baird Homes Limited Filleted accounts for Companies House (small and micro)

Baird Homes Limited Filleted accounts for Companies House (small and micro)


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COMPANY REGISTRATION NUMBER: 06066681
Baird Homes Limited
Filleted Unaudited Financial Statements
30 April 2019
Baird Homes Limited
Financial Statements
Year ended 30 April 2019
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
Baird Homes Limited
Statement of Financial Position
30 April 2019
2019
2018
Note
£
£
Current assets
Cash at bank and in hand
6
35
Creditors: amounts falling due within one year
4
41,536
41,487
---------
---------
Net current liabilities
41,530
41,452
---------
---------
Total assets less current liabilities
( 41,530)
( 41,452)
---------
---------
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
( 42,530)
( 42,452)
---------
---------
Shareholders deficit
( 41,530)
( 41,452)
---------
---------
These 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 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 30 April 2019 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 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 financial statements .
These financial statements were approved by the board of directors and authorised for issue on 7 January 2020 , and are signed on behalf of the board by:
Mr B G Baird
Director
Company registration number: 06066681
Baird Homes Limited
Notes to the Financial Statements
Year ended 30 April 2019
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 10 Barton Marina, Barton Under Needwood, Burton-On-Trent, Staffordshire, DE13 8DZ.
2. Statement of compliance
These 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 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 financial statements are prepared in sterling, which is the functional currency of the entity.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Creditors: amounts falling due within one year
2019
2018
£
£
Other loans
22,527
22,528
Other creditors
19,009
18,959
---------
---------
41,536
41,487
---------
---------
5. Directors' advances, credits and guarantees
During the year there were no advances, credits or guarantees to directors.
6. Related party transactions
The company was under the control of Mr B Baird throughout the current and previous period. Mr B Baird is the managing director and sole shareholder. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102.