4 false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 293,338 293,338 293,338 xbrli:pure xbrli:shares iso4217:GBP 04212095 2022-04-01 2023-03-31 04212095 2023-03-31 04212095 2021-04-01 2022-03-31 04212095 2022-03-31 04212095 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 04212095 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 04212095 bus:Director3 2022-04-01 2023-03-31 04212095 core:WithinOneYear 2023-03-31 04212095 core:WithinOneYear 2022-03-31 04212095 core:ShareCapital 2023-03-31 04212095 core:ShareCapital 2022-03-31 04212095 core:RetainedEarningsAccumulatedLosses 2023-03-31 04212095 core:RetainedEarningsAccumulatedLosses 2022-03-31 04212095 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 04212095 core:Non-currentFinancialInstruments 2023-03-31 04212095 core:Non-currentFinancialInstruments 2022-03-31 04212095 bus:SmallEntities 2022-04-01 2023-03-31 04212095 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 04212095 bus:FullAccounts 2022-04-01 2023-03-31 04212095 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 04212095 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04212095 bus:OrdinaryShareClass1 2023-03-31 04212095 bus:OrdinaryShareClass1 2022-03-31 04212095 bus:OrdinaryShareClass2 2023-03-31 04212095 bus:OrdinaryShareClass2 2022-03-31 04212095 bus:AllOrdinaryShares 2023-03-31 04212095 bus:AllOrdinaryShares 2022-03-31
COMPANY REGISTRATION NUMBER: 04212095
Bodycote Properties Limited
Filleted Unaudited Financial Statements
31 March 2023
Bodycote Properties Limited
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
Fixed assets
Investments
5
293,338
293,338
Current assets
Cash at bank and in hand
8,024
3,932
Creditors: amounts falling due within one year
6
303,179
296,686
---------
---------
Net current liabilities
295,155
292,754
---------
---------
Total assets less current liabilities
( 1,817)
584
-------
----
Net (liabilities)/assets
( 1,817)
584
-------
----
Capital and reserves
Called up share capital
7
100
100
Profit and loss account
( 1,917)
484
-------
----
Shareholders (deficit)/funds
( 1,817)
584
-------
----
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 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 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 .
These financial statements were approved by the board of directors and authorised for issue on 16 October 2023 , and are signed on behalf of the board by:
G J Bodycote
Director
Company registration number: 04212095
Bodycote Properties Limited
Notes to the Financial Statements
Year ended 31 March 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 344 Bournville Gardens, 49 Bristol Road South, Birmingham, B31 2FS, UK.
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.
Going concern
The financial statements have been prepared on the going concern basis with the understanding that the directors will continue to support the business for the foreseeable future.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
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
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2022: 4 ).
5. Investments
Investment property
£
Cost
At 1 April 2022 and 31 March 2023
293,338
---------
Impairment
At 1 April 2022 and 31 March 2023
---------
Carrying amount
At 31 March 2023
293,338
---------
At 31 March 2022
293,338
---------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
2,826
1,159
Accruals and deferred income
1,150
1,150
Corporation tax
51
100
Social security and other taxes
3,750
Director loan accounts
295,402
294,277
---------
---------
303,179
296,686
---------
---------
7. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
A Ordinary shares of £ 1 each
28
28
28
28
B Ordinary shares of £ 1 each
72
72
72
72
----
----
----
----
100
100
100
100
----
----
----
----