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FINANCIAL STATEMENTS FOR THE PERIOD 1 JANUARY 2021 TO 31 MARCH 2022 |
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BAKER OLDFIELD LIMITED |
REGISTERED NUMBER:
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FINANCIAL STATEMENTS FOR THE PERIOD 1 JANUARY 2021 TO 31 MARCH 2022 |
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FOR |
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BAKER OLDFIELD LIMITED |
BAKER OLDFIELD LIMITED (REGISTERED NUMBER: 06845683) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JANUARY 2021 TO 31 MARCH 2022 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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BAKER OLDFIELD LIMITED |
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COMPANY INFORMATION |
FOR THE PERIOD 1 JANUARY 2021 TO 31 MARCH 2022 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Chartered Certified Accountants |
Statutory Auditors |
Chart House |
2 Effingham Road |
Reigate |
Surrey |
RH2 7JN |
BAKER OLDFIELD LIMITED (REGISTERED NUMBER: 06845683) |
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BALANCE SHEET |
31 MARCH 2022 |
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2022 | 2020 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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Retained earnings | 7 |
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SHAREHOLDERS' FUNDS |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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BAKER OLDFIELD LIMITED (REGISTERED NUMBER: 06845683) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JANUARY 2021 TO 31 MARCH 2022 |
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1. | STATUTORY INFORMATION |
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Baker Oldfield Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Reporting period |
The financial statements for the current period cover from 1 January 2021 to 31 March 2022. The reporting period has been extended to align with the group company's year-end. Therefore, the comparative amounts presented in the financial statements, including related partied notes, are not entirely comparable with the amounts presented in the current period to 31 March 2022. |
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Preparation of consolidated financial statements |
The financial statements contain information about Baker Oldfield Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Keystone Holdco Limited, Chart House, 2 Effingham Road, Reigate, Surrey, RH2 7JN.. |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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BAKER OLDFIELD LIMITED (REGISTERED NUMBER: 06845683) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JANUARY 2021 TO 31 MARCH 2022 |
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4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST OR VALUATION |
At 1 January 2021 |
and 31 March 2022 |
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NET BOOK VALUE |
At 31 March 2022 |
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At 31 December 2020 |
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Cost or valuation at 31 March 2022 is represented by: |
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Shares in |
group |
undertakings |
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Valuation in 2016 | 30,000 |
Valuation in 2018 | (1,491,189 | ) |
Cost | 4,653,520 |
3,192,331 |
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If fixed asset investments had not been revalued they would have been included at the following historical cost: |
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2022 | 2020 |
£ | £ |
Cost | 4,653,520 | 4,653,520 |
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Fixed asset investments were valued on an open market basis on 31 December 2020 by the company's director . |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2020 |
£ | £ |
Amounts owed to group undertakings |
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Accrued expenses |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2022 | 2020 |
value: | £ | £ |
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Ordinary | £1 | 50,000 | 50,000 |
BAKER OLDFIELD LIMITED (REGISTERED NUMBER: 06845683) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JANUARY 2021 TO 31 MARCH 2022 |
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7. | RESERVES |
Retained |
earnings |
£ |
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At 1 January 2021 |
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Profit for the period |
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Dividends | ( |
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At 31 March 2022 |
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8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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9. | RELATED PARTY DISCLOSURES |
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Michael Baker Solicitors Ltd |
A 100% subsidiary company. |
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During the period Baker Oldfield Limited received a dividend of £695,200 (2020:
£260,800) from Michael Bakers Solicitors Ltd. |
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2022 | 2020 |
£ | £ |
Amount due from/to related party at balance sheet date | (3,151) | (2,388) |
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10. | FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES |
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In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements. |
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11. | ULTIMATE CONTROLLING PARTY |
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The company is under the control of Keystone Holdco Limited which is also the ultimate parent company. The registered office of Keystone Holdco Limited is Chart House, 2 Effingham Road, Reigate, Surrey, RH2 7JN. |