Bye Holdings Limited - Period Ending 2019-09-30

Bye Holdings Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 3

Bye Holdings Limited

(Registration number: 08199777)
Balance Sheet as at 30 September 2019

	Note	2019 £	2018 £
Fixed assets
Tangible assets	4	766,020	766,020
Current assets
Debtors	5	684,894	513,446
Creditors: Amounts falling due within one year	6	(7,576)	(26,519)
Net current assets		677,318	486,927
Net assets		1,443,338	1,252,947
Capital and reserves
Called up share capital		1	1
Profit and loss account		1,443,337	1,252,946
Total equity		1,443,338	1,252,947

For the financial year ending 30 September 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 19 August 2020 and signed on its behalf by:
 

.........................................

C S Bye
Director

Bye Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2019

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and buildings	NIL

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Bye Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2019

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2018 - 1).

4	Tangible assets

	Land and buildings £	Fixtures and fittings £	Office equipment £	Total £
Cost or valuation
At 1 October 2018	760,000	2,362	3,658	766,020
At 30 September 2019	760,000	2,362	3,658	766,020
Depreciation
Carrying amount
At 30 September 2019	760,000	2,362	3,658	766,020
At 30 September 2018	760,000	2,362	3,658	766,020

Included within the net book value of land and buildings above is £760,000 (2018 - £760,000) in respect of freehold land and buildings.
 

5

Debtors

	Note	2019 £	2018 £
Amounts owed by group undertakings and undertakings in which the company has a participating interest		684,894	513,446
		684,894	513,446

6

Creditors

Creditors: amounts falling due within one year

	2019 £	2018 £
Due within one year
Taxation and social security	4,690	5,848
Other creditors	2,886	20,671
	7,576	26,519