16 August 2021 false Taxfiler 2022.8.3 true 13074625business:PrivateLimitedCompanyLtd2021-08-162021-12-31 130746252021-08-15 130746252021-08-162021-12-31 13074625business:AuditExemptWithAccountantsReport2021-08-162021-12-31 13074625business:FullAccounts2021-08-162021-12-31 130746252021-12-31 13074625business:Director12021-08-162021-12-31 13074625business:RegisteredOffice2021-08-162021-12-31 13074625core:WithinOneYear2021-12-31 13074625core:AfterOneYear2021-12-31 13074625core:ShareCapital2021-12-31 13074625core:RetainedEarningsAccumulatedLosses2021-12-31 13074625business:SmallEntities2021-08-162021-12-31 13074625countries:EnglandWales2021-08-162021-12-31 13074625core:LandBuildings2021-08-15 13074625core:LandBuildings2021-08-162021-12-31 13074625core:LandBuildings2021-12-31 13074625core:AfterOneYear2021-08-162021-12-31 13074625business:OrdinaryShareClass12021-08-162021-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 13074625 (England and Wales)
BBO Property Ltd Unaudited accounts for the period from 16 August 2021 to 31 December 2021
BBO Property Ltd Unaudited accounts Contents
Page
- 2 -
BBO Property Ltd Company Information for the period from 16 August 2021 to 31 December 2021
Director
Bo Liu
Company Number
13074625 (England and Wales)
Registered Office
124 Radnor Avenue Welling DA16 2BY England
Accountants
Anthony Daniel Associates 10 Julian Place London E14 3AT
- 3 -
BBO Property Ltd Statement of financial position as at 31 December 2021
2021 
Notes
£ 
Fixed assets
Tangible assets
620,420 
Current assets
Debtors
2,111 
Cash at bank and in hand
2,117 
4,228 
Creditors: amounts falling due within one year
(96,359)
Net current liabilities
(92,131)
Total assets less current liabilities
528,289 
Creditors: amounts falling due after more than one year
(530,449)
Net liabilities
(2,160)
Capital and reserves
Called up share capital
1 
Profit and loss account
(2,161)
Shareholders' funds
(2,160)
For the period ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 September 2022 and were signed on its behalf by
Bo Liu Director Company Registration No. 13074625
- 4 -
BBO Property Ltd Notes to the Accounts for the period from 16 August 2021 to 31 December 2021
1
Statutory information
BBO Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 13074625. The registered office is 124 Radnor Avenue, Welling, DA16 2BY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover from the rental income is recognised when rent have been received or receivable and recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Going concern
These accounts have been prepared on the going concern basis, on the understanding that the director and shareholders will continue to financially support the company during this uncertain period.
- 5 -
BBO Property Ltd Notes to the Accounts for the period from 16 August 2021 to 31 December 2021
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 16 August 2021
- 
Additions
620,420 
At 31 December 2021
620,420 
Depreciation
At 31 December 2021
- 
Net book value
At 31 December 2021
620,420 
5
Debtors: amounts falling due within one year
2021 
£ 
Other debtors
2,111 
6
Creditors: amounts falling due within one year
2021 
£ 
Loans from directors
93,979 
Accruals
780 
Deferred income
1,600 
96,359 
7
Creditors: amounts falling due after more than one year
2021 
£ 
Bank loans
530,449 
The company has total secured liability to the value of £502,000 which comprise of loan. The loan is secured by way of a first legal mortgage over the property at 124 Radnor Road, Welling, Kent DA16 2BY.
8
Share capital
2021 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
9
Controlling party
The ultimate controlling party is Mr. Bo Liu, who is the sole director and holds one hundred percent of the company shares.
10
Average number of employees
During the period the average number of employees was 1.
- 6 -