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COMPANY REGISTRATION NUMBER: 10552632
BMA Property Investment Ltd
Filleted Unaudited Financial Statements
31 January 2023
BMA Property Investment Ltd
Financial Statements
Year ended 31 January 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
BMA Property Investment Ltd
Statement of Financial Position
31 January 2023
2023
2022
Note
£
£
Fixed assets
Investments
4
130,000
130,000
Current assets
Cash at bank and in hand
4,102
5,532
Creditors: amounts falling due within one year
5
75,609
78,219
--------
--------
Net current liabilities
71,507
72,687
---------
---------
Total assets less current liabilities
58,493
57,313
Provisions
7,946
7,946
--------
--------
Net assets
50,547
49,367
--------
--------
Capital and reserves
Called up share capital
100
100
Fair value reserve
41,819
41,819
Profit and loss account
8,628
7,448
--------
--------
Shareholders funds
50,547
49,367
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
BMA Property Investment Ltd
Statement of Financial Position (continued)
31 January 2023
These financial statements were approved by the board of directors and authorised for issue on 25 September 2023 , and are signed on behalf of the board by:
BS Basi
Director
Company registration number: 10552632
BMA Property Investment Ltd
Notes to the Financial Statements
Year ended 31 January 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 22 Chartwell Grove, Nottingham, NG3 5RD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investments
Investment properties are initially recorded at cost which includes the purchase price and any directly attributable expenditure. They are then revalued according to the most recent valuation and any changes in fair value are recognised in the profit or loss account.
4. Investments
Investment property
£
Cost
At 1 February 2022 and 31 January 2023
130,000
---------
Impairment
At 1 February 2022 and 31 January 2023
---------
Carrying amount
At 31 January 2023
130,000
---------
At 31 January 2022
130,000
---------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Social security and other taxes
628
938
Other creditors
74,981
77,281
--------
--------
75,609
78,219
--------
--------