BAOLeary Limited - Accounts to registrar (filleted) - small 18.2
BAOLeary Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
BAOLeary Limited |
Unaudited Financial Statements |
for the Year Ended 29 April 2021 |
BAOLeary Limited (Registered number: 10709160) |
Contents of the Financial Statements |
for the Year Ended 29 April 2021 |
Page |
Company information | 1 |
Balance sheet | 2 |
Notes to the financial statements | 4 |
BAOLeary Limited |
Company Information |
for the Year Ended 29 April 2021 |
Director: |
Registered office: |
Registered number: |
Accountants: |
Chartered Accountants |
Mynshull House |
78 Churchgate |
Stockport |
Cheshire |
SK1 1YJ |
BAOLeary Limited (Registered number: 10709160) |
Balance Sheet |
29 April 2021 |
29.4.21 | 29.4.20 |
Notes | £ | £ | £ | £ |
Fixed assets |
Investment property | 4 |
Current assets |
Debtors | 5 |
Cash at bank |
Creditors |
Amounts falling due within one year | 6 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year |
7 |
Net liabilities | ( |
) | ( |
) |
Capital and reserves |
Called up share capital | 9 |
Retained earnings | ( |
) | ( |
) |
Shareholders' funds | ( |
) | ( |
) |
The director acknowledges his 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. |
BAOLeary Limited (Registered number: 10709160) |
Balance Sheet - continued |
29 April 2021 |
In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
BAOLeary Limited (Registered number: 10709160) |
Notes to the Financial Statements |
for the Year Ended 29 April 2021 |
1. | Statutory information |
BAOLeary Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable. |
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. |
Investment properties are initially measured at cost and subsequently measured at fair value. Changes in fair value are recognised in profit or loss. |
The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102. The directors consider that, because investment properties are not held for consumption, but for their investment potential, to depreciate them would not give a true and fair view. |
If this departure from the Companies Act 2006 had not been made in order to give a true and fair view, the profit for the financial year would have been reduced by depreciation. However the amount of depreciation cannot reasonably be quantified, because depreciation is only one of many factors reflected in the annual valuation and the amount relating to the depreciation of the property cannot be separately identified. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Investment property |
Total |
£ |
Fair value |
At 30 April 2020 |
and 29 April 2021 |
Net book value |
At 29 April 2021 |
At 29 April 2020 |
BAOLeary Limited (Registered number: 10709160) |
Notes to the Financial Statements - continued |
for the Year Ended 29 April 2021 |
4. | Investment property - continued |
Fair value at 29 April 2021 is represented by: |
£ |
Valuation in 2021 | 243,000 |
If the investment property had not been revalued it would have been included at the following historical cost: |
29.4.21 | 29.4.20 |
£ | £ |
Cost | 254,218 | 254,218 |
The investment property was valued on an open market basis basis on 29 April 2021 by the director . |
5. | Debtors: amounts falling due within one year |
29.4.21 | 29.4.20 |
£ | £ |
Other debtors |
6. | Creditors: amounts falling due within one year |
29.4.21 | 29.4.20 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Directors' current accounts | 96,722 | 88,503 |
Accrued expenses |
7. | Creditors: amounts falling due after more than one year |
29.4.21 | 29.4.20 |
£ | £ |
Bank loans - 2-5 years |
Bank loans repayable after more than five years |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans repayable after more than five years |
139,453 |
141,006 |
BAOLeary Limited (Registered number: 10709160) |
Notes to the Financial Statements - continued |
for the Year Ended 29 April 2021 |
8. | Secured debts |
The following secured debts are included within creditors: |
29.4.21 | 29.4.20 |
£ | £ |
Bank loans |
The bank loan is secured on the company's property. |
9. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 29.4.21 | 29.4.20 |
value: | £ | £ |
Ordinary | 1 | 100 | 100 |