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REGISTERED NUMBER: 13287022 (England and Wales)















BALKERNE GATE PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

23 MARCH 2021 TO 31 MARCH 2022






BALKERNE GATE PROPERTIES LIMITED (REGISTERED NUMBER: 13287022)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 23 MARCH 2021 TO 31 MARCH 2022










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


BALKERNE GATE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 23 MARCH 2021 TO 31 MARCH 2022







DIRECTORS: Mr D Syrett
Mr J Runicles





REGISTERED OFFICE: Town Wall House
Balkerne Hill
Colchester
Essex
CO3 3AD





REGISTERED NUMBER: 13287022 (England and Wales)

BALKERNE GATE PROPERTIES LIMITED (REGISTERED NUMBER: 13287022)

BALANCE SHEET
31 MARCH 2022

Notes £   
FIXED ASSETS
Tangible assets 4 457,421
Investment property 5 1,200,000
1,657,421

CURRENT ASSETS
Debtors 6 1,550
Cash at bank 54,386
55,936
CREDITORS
Amounts falling due within one year 7 (1,236,726 )
NET CURRENT LIABILITIES (1,180,790 )
TOTAL ASSETS LESS CURRENT LIABILITIES 476,631

PROVISIONS FOR LIABILITIES (84,932 )
NET ASSETS 391,699

CAPITAL AND RESERVES
Called up share capital 100
Fair value reserve 8 362,081
Retained earnings 29,518
391,699

BALKERNE GATE PROPERTIES LIMITED (REGISTERED NUMBER: 13287022)

BALANCE SHEET - continued
31 MARCH 2022


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

The members have not required the company to obtain an audit of its financial statements for the period 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.

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 6 July 2022 and were signed on its behalf by:




Mr D Syrett - Director



Mr J Runicles - Director


BALKERNE GATE PROPERTIES LIMITED (REGISTERED NUMBER: 13287022)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 23 MARCH 2021 TO 31 MARCH 2022


1. STATUTORY INFORMATION

Balkerne Gate 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.

For the purposes of presentation the financial statements are rounded to the nearest 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Assets Under Construction - Not depreciated

Investment property
Investment properties are shown on the Balance Sheet at their open market value. The surplus or deficit arising from the annual revaluation is transferred to the fair value reserve unless a deficit, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the income statement for the year.

Financial instruments
Basic financial instruments are recognised at amortised cost.

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.

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 period 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.

BALKERNE GATE PROPERTIES LIMITED (REGISTERED NUMBER: 13287022)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 23 MARCH 2021 TO 31 MARCH 2022


3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. TANGIBLE FIXED ASSETS
Assets
Under
Construction
£   
COST
Additions 457,421
At 31 March 2022 457,421
NET BOOK VALUE
At 31 March 2022 457,421

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 752,987
Revaluations 447,013
At 31 March 2022 1,200,000
NET BOOK VALUE
At 31 March 2022 1,200,000

Fair value at 31 March 2022 is represented by:
£   
Valuation in 2022 447,013
Cost 752,987
1,200,000

The investment properties were valued by the directors at open market value at the Balance Sheet date.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 1,550

BALKERNE GATE PROPERTIES LIMITED (REGISTERED NUMBER: 13287022)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 23 MARCH 2021 TO 31 MARCH 2022


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 173,289
Amounts owed to related undertakings 1,055,000
Taxation and social security 6,924
Other creditors 1,513
1,236,726

8. RESERVES

Fair
value
reserve
£

Revaluation gain on investment properties447,013
Deferred tax movement on investment properties(84,932)
At 31 March 2022362,081


9. RELATED PARTY DISCLOSURES

At the Balance Sheet date the company was due nil and owed £1,055,000 to companies under common control and these are included in debtors and creditors respectively. The balances outstanding are interest free and repayable on demand.