BForder Homes Ltd 13843602 false 2022-01-12 2023-03-31 2023-03-31 The principal activity of the company is investment in residential and commercial property. Digita Accounts Production Advanced 6.30.9574.0 true 13843602 2022-01-12 2023-03-31 13843602 2023-03-31 13843602 core:RetainedEarningsAccumulatedLosses 2023-03-31 13843602 core:ShareCapital 2023-03-31 13843602 core:CurrentFinancialInstruments 2023-03-31 13843602 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 13843602 bus:SmallEntities 2022-01-12 2023-03-31 13843602 bus:AuditExemptWithAccountantsReport 2022-01-12 2023-03-31 13843602 bus:FullAccounts 2022-01-12 2023-03-31 13843602 bus:SmallCompaniesRegimeForAccounts 2022-01-12 2023-03-31 13843602 bus:RegisteredOffice 2022-01-12 2023-03-31 13843602 bus:Director1 2022-01-12 2023-03-31 13843602 bus:Director2 2022-01-12 2023-03-31 13843602 bus:PrivateLimitedCompanyLtd 2022-01-12 2023-03-31 13843602 countries:EnglandWales 2022-01-12 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 13843602

BForder Homes Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Period from 12 January 2022 to 31 March 2023

 

BForder Homes Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

BForder Homes Ltd

Company Information

Directors

P P A Blanpain-Forder

S E Blanpain-Forder

Registered office

2 Brue Close
Bruton
Somerset
BA10 0HY

Accountants

Burton Sweet Limited
Chartered Accountants & Business Advisors
Cooper House
Lower Charlton Estate
Shepton Mallet
BA4 5QE

 

BForder Homes Ltd

(Registration number: 13843602)
Balance Sheet
31 March 2023

Note

2023
£

Fixed assets

 

Investment property

4

1,731,341

Current assets

 

Debtors

5

629

Cash at bank and in hand

 

124,359

 

124,988

Creditors: Amounts falling due within one year

6

(1,938,165)

Net current liabilities

 

(1,813,177)

Net liabilities

 

(81,836)

Capital and reserves

 

Called up share capital

150

Retained earnings

(81,986)

Shareholders' deficit

 

(81,836)

 

BForder Homes Ltd

(Registration number: 13843602)
Balance Sheet
31 March 2023

For the financial period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 10 October 2023 and signed on its behalf by:
 

.........................................
P P A Blanpain-Forder
Director

.........................................
S E Blanpain-Forder
Director

 

BForder Homes Ltd

Notes to the Unaudited Financial Statements
Period from 12 January 2022 to 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Brue Close
Bruton
Somerset
BA10 0HY

These financial statements were authorised for issue by the Board on 10 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

BForder Homes Ltd

Notes to the Unaudited Financial Statements
Period from 12 January 2022 to 31 March 2023

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4

Investment properties

2023
£

Additions

1,731,341

At 31 March

1,731,341

 

BForder Homes Ltd

Notes to the Unaudited Financial Statements
Period from 12 January 2022 to 31 March 2023

There has been no valuation of investment property by an independent valuer in the year of acquisition.

5

Debtors

2023
£

Prepayments

629

629

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

Due within one year

 

Other creditors

 

1,938,165