BAYLENCROFT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022
Baylencroft Limited is a limited company registered in England and Wales with the company registration number 02197461. The registered office address is Corporate Residential Management Limited, Hanborough House 5 Wallbrook Court, North Hinksey Lane Botley, Oxford, Oxfordshire, OX2 0QS.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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The average monthly number of employees, including directors, during the year was 2 (2021 - 2).
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Called up share capital not paid
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During the year the directors have decided to prepare service charge accounts under the TECH03/11 format. This has resulted in the majority of assets and liabilities being transferred from the statutory accounts to the service charge accounts.
This change in policy, has been applied retrospectively to all comparative figures in the prior year.
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