BAY TREE ROAD LIMITED Filleted accounts for Companies House (small and micro)

BAY TREE ROAD LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 11949719

BAY TREE ROAD LIMITED

Filleted Unaudited Financial Statements

30 April 2022

BAY TREE ROAD LIMITED

Statement of Financial Position

30 April 2022

	2022	2021
Note	£	£

Fixed assets

Tangible assets	4	732,024	363,523

Current assets

Cash at bank and in hand	7,065	25,922

Creditors: amounts falling due within one year	5	325,233	139,350
		---------	---------
Net current liabilities		318,168	113,428
		---------	---------
Total assets less current liabilities		413,856	250,095

Creditors: amounts falling due after more than one year	6	425,491	257,001
		---------	---------
Net liabilities		( 11,635)	( 6,906)
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 11,735)	( 7,006)
	--------	-------
Shareholders deficit	( 11,635)	( 6,906)
	--------	-------

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 Section 1A of 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 2022 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 financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

BAY TREE ROAD LIMITED

Statement of Financial Position (continued)

30 April 2022

These financial statements were approved by the board of directors and authorised for issue on 19 January 2023 , and are signed on behalf of the board by:

Mr S Miraftab
Director

Company registration number: 11949719

BAY TREE ROAD LIMITED

Notes to the Financial Statements

Year ended 30 April 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 46 The Ridgeway, North Harrow, Middlesex, HA2 7QN, England.

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.

Going concern

As disclosed in the Statement of Financial Position on page 3, the company has a deficit of net assets. Of the creditors, £139,177 is owed to the director who has confirmed that no repayment would be demanded at least for the next twelve months. The director has considered the trading requirements of the company for the period exceeding twelve months from the date of this report. Having regard to the above therefore, it is the opinion of the director that the accounts be prepared on the going concern basis.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	20% reducing balance

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Financial instruments are recognised at the transaction price. Debt instruments are subsequently measured at amortised cost.

4. Tangible assets

	Freehold property	Long leasehold property	Fixtures and fittings	Total
	£	£	£	£
Cost
At 1 May 2021	359,766	–	6,418	366,184
Additions	–	369,252	–	369,252
	---------	---------	-------	---------
At 30 April 2022	359,766	369,252	6,418	735,436
	---------	---------	-------	---------
Depreciation
At 1 May 2021	–	–	2,661	2,661
Charge for the year	–	–	751	751
	---------	---------	-------	---------
At 30 April 2022	–	–	3,412	3,412
	---------	---------	-------	---------
Carrying amount
At 30 April 2022	359,766	369,252	3,006	732,024
	---------	---------	-------	---------
At 30 April 2021	359,766	–	3,757	363,523
	---------	---------	-------	---------

5. Creditors: amounts falling due within one year

	2022	2021
	£	£
Other creditors	325,233	139,350
	---------	---------

6. Creditors: amounts falling due after more than one year

	2022	2021
	£	£
Other creditors	425,491	257,001
	---------	---------

The commercial mortgages of £425,491 (2021 - £257,001) are secured by fixed charges over the company's properties and negative pledge.