FRANCES BAKER PROPERTY LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2021
Company Registration Number SC608158 (Scotland)
PAGES FOR FILING WITH REGISTRAR
FRANCES BAKER PROPERTY LTD
BALANCE SHEET
AS AT 31 JANUARY 2021
31 January 2021
- 1 -
2021
2020
£
£
£
£
Fixed assets
943,980
636,929
Current assets
718
30,802
Creditors: amounts falling due within one year
(2,344)
(2,220)
Net current (liabilities)/assets
(1,626)
28,582
Total assets less current liabilities
942,354
665,511
Creditors: amounts falling due after more than one year
(1,047,724)
(739,756)
Net liabilities
(105,370)
(74,245)
Capital and reserves
(105,370)
(74,245)
Notes to the financial statements
1
Financial commitments, guarantees and contingencies
Commercial mortgages totalling £455,990 (2020 £306,740) are secured over certain of the company's properties.
2
Employees
The average number of persons
,
including directors
,
employed by the company during the year wa
s as follows:
2021
2020
Number
Number
Employees
1
3
Related Party Transactions
'Creditors: amounts falling due after more than one year' includes £541,734 (2020 £433,017) due to one of the directors in respect of property purchases and working capital advances. There are no fixed terms for the repayment of this amount, which does not bear interest.
4
Events after the reporting date
At the date on which the financial statements were approved, the financial implications arising from the Coronavirus (Covid-19) outbreak, which has affected the UK,
continue to be
uncertain
. The directors have reviewed business operations and is satisfied that the company remains a going concern.
Frances Baker Property Ltd is a private company limited by shares incorporated in Scotland. The registered office is 30 Miller Road, Ayr, KA7 2AY.
For the year ended 31 January 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
FRANCES BAKER PROPERTY LTD
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2021
31 January 2021
- 2 -
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 22 October 2021 and are signed on its behalf by:
Ms Frances A Baker
Director
Company Registration Number SC608158