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
BBO Property Ltd
Company Information
for the period from 16 August 2021 to 31 December 2021
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
BBO Property Ltd
Statement of financial position
as at 31 December 2021
Cash at bank and in hand
2,117
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)
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
BBO Property Ltd
Notes to the Accounts
for the period from 16 August 2021 to 31 December 2021
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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.
BBO Property Ltd
Notes to the Accounts
for the period from 16 August 2021 to 31 December 2021
4
Tangible fixed assets
Land & buildings
At 31 December 2021
620,420
At 31 December 2021
620,420
5
Debtors: amounts falling due within one year
2021
6
Creditors: amounts falling due within one year
2021
Loans from directors
93,979
7
Creditors: amounts falling due after more than one year
2021
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.
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
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.