COMPANY REGISTRATION NUMBER:
05354177
Filleted Unaudited Financial Statements |
|
Statement of Financial Position |
|
31 March 2023
Fixed assets
Investments |
5 |
|
84,280 |
84,280 |
|
|
-------- |
-------- |
Total assets less current liabilities |
|
84,280 |
84,280 |
|
|
-------- |
-------- |
|
|
|
|
|
Capital and reserves
Called up share capital |
6 |
|
84,280 |
84,280 |
|
|
-------- |
-------- |
Shareholders funds |
|
84,280 |
84,280 |
|
|
-------- |
-------- |
|
|
|
|
|
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 31 March 2023 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
29 November 2023
, and are signed on behalf of the board by:
A R Wood |
S D Wood |
Director |
Director |
|
|
Company registration number:
05354177
Notes to the Financial Statements |
|
Year ended 31 March 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW.
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.
Consolidation
The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
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.
Average number of employees
The average number of employees during the year was 4 (2022: 4) which consisted of the directors only.
5.
Investments
|
Shares in group undertakings |
|
£ |
Cost |
|
At 1 April 2022 and 31 March 2023 |
84,280 |
|
-------- |
Impairment |
|
At 1 April 2022 and 31 March 2023 |
– |
|
-------- |
|
|
Carrying amount |
|
At 31 March 2023 |
84,280 |
|
-------- |
At 31 March 2022 |
84,280 |
|
-------- |
|
|
The company owns 100% of the issued share capital of Bakers Properties Limited, a company incorporated in England & Wales. Bakers Properties Limited owns 100% of the issued share capital of Baker & Sons (Danbury) Limited, also incorporated in England & Wales.
6.
Called up share capital
Issued, called up and fully paid
|
2023 |
2022 |
|
No. |
£ |
No. |
£ |
Ordinary shares of £ 1 each |
84,280 |
84,280 |
84,280 |
84,280 |
|
-------- |
-------- |
-------- |
-------- |
|
|
|
|
|
7.
Related party transactions
The company has taken advantage of the exemption granted under FRS 102 section 33.1A not to disclose transactions with wholly owned members of the group.