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REGISTERED NUMBER: 11593779 (England and Wales)















BESPIN PROPERTY LTD

Unaudited Financial Statements for the Year Ended 31 December 2021






BESPIN PROPERTY LTD (REGISTERED NUMBER: 11593779)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BESPIN PROPERTY LTD

Company Information
for the Year Ended 31 December 2021







DIRECTORS: C Kondal
S M Ward





REGISTERED OFFICE: KW House
11 Stourdale Road
Cradley Heath
West Midlands
B64 7BG





REGISTERED NUMBER: 11593779 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

BESPIN PROPERTY LTD (REGISTERED NUMBER: 11593779)

Balance Sheet
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 703,111 703,111

CURRENT ASSETS
Cash at bank and in hand 55,908 36,695

CREDITORS
Amounts falling due within one year 5 329,486 327,245
NET CURRENT LIABILITIES (273,578 ) (290,550 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

429,533

412,561

CREDITORS
Amounts falling due after more than one
year

6

350,178

372,904
NET ASSETS 79,355 39,657

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 79,255 39,557
79,355 39,657

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BESPIN PROPERTY LTD (REGISTERED NUMBER: 11593779)

Balance Sheet - continued
31 December 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 August 2022 and were signed on its behalf by:





S M Ward - Director


BESPIN PROPERTY LTD (REGISTERED NUMBER: 11593779)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Bespin Property Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year 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.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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 year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

BESPIN PROPERTY LTD (REGISTERED NUMBER: 11593779)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2021
and 31 December 2021 703,111
NET BOOK VALUE
At 31 December 2021 703,111
At 31 December 2020 703,111

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 21,735 19,767
Amounts owed to related party 297,000 297,000
Social security and other taxes 9,551 9,279
Accrued expenses 1,200 1,199
329,486 327,245

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2021 2020
£    £   
Bank loans - 1-2 years 22,806 20,756
Bank loans - 2-5 years 74,873 68,300
Bank loans more 5 yr by instal 252,499 283,848
350,178 372,904

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 252,499 283,848

BESPIN PROPERTY LTD (REGISTERED NUMBER: 11593779)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

7. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £296,000 (£2020: £296,000) to KW Merchandise Limited, a company with common ownership.

At the balance sheet date the company owed £1,000 (£2020: £1,000) to Merchoid Limited, a company with common ownership.