IRIS Accounts Production v22.1.4.3 00618490 Board of Directors 1.4.21 31.3.22 31.3.22 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure006184902021-03-31006184902022-03-31006184902021-04-012022-03-31006184902020-03-31006184902020-04-012021-03-31006184902021-03-3100618490ns16:EnglandWales2021-04-012022-03-3100618490ns15:PoundSterling2021-04-012022-03-3100618490ns11:Director12021-04-012022-03-3100618490ns11:PrivateLimitedCompanyLtd2021-04-012022-03-3100618490ns11:SmallEntities2021-04-012022-03-3100618490ns11:AuditExempt-NoAccountantsReport2021-04-012022-03-3100618490ns11:SmallCompaniesRegimeForDirectorsReport2021-04-012022-03-3100618490ns11:SmallCompaniesRegimeForAccounts2021-04-012022-03-3100618490ns11:FullAccounts2021-04-012022-03-3100618490ns11:Director22021-04-012022-03-3100618490ns11:Director32021-04-012022-03-3100618490ns11:CompanySecretary12021-04-012022-03-3100618490ns11:RegisteredOffice2021-04-012022-03-3100618490ns6:CurrentFinancialInstruments2022-03-3100618490ns6:CurrentFinancialInstruments2021-03-3100618490ns6:ShareCapital2022-03-3100618490ns6:ShareCapital2021-03-3100618490ns6:RetainedEarningsAccumulatedLosses2022-03-3100618490ns6:RetainedEarningsAccumulatedLosses2021-03-3100618490ns6:ComputerEquipment2021-04-012022-03-3100618490ns6:ComputerEquipment2021-03-3100618490ns6:ComputerEquipment2022-03-3100618490ns6:ComputerEquipment2021-03-3100618490ns6:CostValuationns6:ListedExchangeTraded2021-03-3100618490ns6:CostValuationns6:UnlistedNon-exchangeTraded2021-03-3100618490ns6:ListedExchangeTraded2022-03-3100618490ns6:UnlistedNon-exchangeTraded2022-03-3100618490ns6:ListedExchangeTraded2021-03-3100618490ns6:UnlistedNon-exchangeTraded2021-03-3100618490ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3100618490ns6:WithinOneYearns6:CurrentFinancialInstruments2021-03-31006184902ns11:Director22021-03-31006184902ns11:Director22020-03-31006184902ns11:Director22021-04-012022-03-31006184902ns11:Director22020-04-012021-03-31006184902ns11:Director22022-03-31006184902ns11:Director22021-03-3100618490ns11:Director112021-03-3100618490ns11:Director112020-03-3100618490ns11:Director112021-04-012022-03-3100618490ns11:Director112020-04-012021-03-3100618490ns11:Director112022-03-3100618490ns11:Director112021-03-31006184903ns11:Director32021-03-31006184903ns11:Director32020-03-31006184903ns11:Director32021-04-012022-03-31006184903ns11:Director32020-04-012021-03-31006184903ns11:Director32022-03-31006184903ns11:Director32021-03-31
REGISTERED NUMBER: 00618490 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

BILTON PROPERTIES LIMITED

BILTON PROPERTIES LIMITED (REGISTERED NUMBER: 00618490)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2022










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BILTON PROPERTIES LIMITED

COMPANY INFORMATION
for the year ended 31 March 2022







DIRECTORS: H T D Bilton
G R M Bilton
Mrs C R Trotter





SECRETARY: H T D Bilton





REGISTERED OFFICE: Brandsby Cottage
Brandsby
York
North Yorkshire
YO61 4RS





REGISTERED NUMBER: 00618490 (England and Wales)

BILTON PROPERTIES LIMITED (REGISTERED NUMBER: 00618490)

STATEMENT OF FINANCIAL POSITION
31 March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 118,100 118,100
Investment property 6 1,055,000 1,055,000
1,173,100 1,173,100

CURRENT ASSETS
Debtors 7 79,455 83,900
Cash at bank and in hand 190,839 192,094
270,294 275,994
CREDITORS
Amounts falling due within one year 8 84,583 86,896
NET CURRENT ASSETS 185,711 189,098
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,358,811

1,362,198

PROVISIONS FOR LIABILITIES (58,630 ) (58,630 )

ACCRUALS AND DEFERRED INCOME (1,800 ) (2,563 )
NET ASSETS 1,298,381 1,301,005

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 1,293,381 1,296,005
1,298,381 1,301,005

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

BILTON PROPERTIES LIMITED (REGISTERED NUMBER: 00618490)

STATEMENT OF FINANCIAL POSITION - continued
31 March 2022


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 23 August 2022 and were signed on its behalf by:





G R M Bilton - Director


BILTON PROPERTIES LIMITED (REGISTERED NUMBER: 00618490)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2022


1. STATUTORY INFORMATION

Bilton Properties Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The historical cost convention has been modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on reducing balance

Investment property
Investment property, which is property held to earn rentals and/or capital appreciation, is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is stated at its fair value at each reporting date. Gains or losses arising from changes in the fair value of investment property are included in the profit or loss for the period in which they arise.

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 statement of financial position date.


BILTON PROPERTIES LIMITED (REGISTERED NUMBER: 00618490)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2022


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 3 (2021 - 3 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2021
and 31 March 2022 1,556
DEPRECIATION
At 1 April 2021
and 31 March 2022 1,556
NET BOOK VALUE
At 31 March 2022 -
At 31 March 2021 -

5. FIXED ASSET INVESTMENTS
Listed Unlisted
investments investments Totals
£    £    £   
COST
At 1 April 2021
and 31 March 2022 8,100 110,000 118,100
NET BOOK VALUE
At 31 March 2022 8,100 110,000 118,100
At 31 March 2021 8,100 110,000 118,100

BILTON PROPERTIES LIMITED (REGISTERED NUMBER: 00618490)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2022


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2021
and 31 March 2022 1,055,000
NET BOOK VALUE
At 31 March 2022 1,055,000
At 31 March 2021 1,055,000

The fair value of the investment properties has been arrived at on the basis of a valuation carried out at 31 March 2022 by Giles Bilton, a director of the company.The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 79,455 83,900

Included in Debtors due in more than one year is an amount owing from The Stable Trading Company (Commercial) Ltd £73,886 (2021 £73,886 ), a company in which Bilton Properties Ltd holds shares together with director GRM Bilton and an amount owing from Stable Developments (Whalley) Limited Liability Partnership £1,365 (2021 £1,365 ), a company in which GRM Bilton and HTD Bilton are members.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors - 3,600
Taxation and social security 4,583 3,296
Other creditors 80,000 80,000
84,583 86,896

BILTON PROPERTIES LIMITED (REGISTERED NUMBER: 00618490)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2022


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2022 and 31 March 2021:

2022 2021
£    £   
H T D Bilton
Balance outstanding at start of year 2,298 -
Amounts advanced 1,665 2,298
Amounts repaid (3,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 963 2,298

G R M Bilton
Balance outstanding at start of year 2,915 -
Amounts advanced 1,665 2,915
Amounts repaid (3,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,580 2,915

Mrs C R Trotter
Balance outstanding at start of year 2,993 -
Amounts advanced 1,665 2,993
Amounts repaid (3,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,658 2,993

Dividends totalling £24,000 (2021 £15,000) were paid in the year in respect of shares held by the company's directors.

During the year the company paid £4,200 (2021 £3,600) to Morgan Bilton Associates Ltd, a company controlled by the director, GRM Bilton.

Morgan Bilton Associates Ltd held the deposits of £2,240 (2021 £2,240) for the Company.

One of the investment properties, Rye Cottage, is occupied rent free by a relative of the directors.