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REGISTERED NUMBER: 05601624 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

BUSINESSLAND IT TELECOMS HOLDINGS LTD

BUSINESSLAND IT TELECOMS HOLDINGS LTD (REGISTERED NUMBER: 05601624)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

BUSINESSLAND IT TELECOMS HOLDINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2022







DIRECTOR: S Wilson





REGISTERED OFFICE: Rutland House
90-92 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ





REGISTERED NUMBER: 05601624 (England and Wales)





ACCOUNTANTS: Goldwyns Limited
Chartered Accountants
Rutland House
90-92 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ

BUSINESSLAND IT TELECOMS HOLDINGS LTD (REGISTERED NUMBER: 05601624)

ABRIDGED BALANCE SHEET
31 OCTOBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,005 16,532
Investment property 5 725,000 725,000
740,005 741,532

CURRENT ASSETS
Debtors 8,801 10,829
Cash at bank 11,977 7,548
20,778 18,377
CREDITORS
Amounts falling due within one year 42,363 41,406
NET CURRENT LIABILITIES (21,585 ) (23,029 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

718,420

718,503

CREDITORS
Amounts falling due after more than one
year

6

(302,193

)

(319,480

)

PROVISIONS FOR LIABILITIES (76,961 ) (58,491 )
NET ASSETS 339,266 340,532

CAPITAL AND RESERVES
Called up share capital 8 90 90
Fair value reserve 9 306,330 324,802
Retained earnings 32,846 15,640
SHAREHOLDERS' FUNDS 339,266 340,532

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BUSINESSLAND IT TELECOMS HOLDINGS LTD (REGISTERED NUMBER: 05601624)

ABRIDGED BALANCE SHEET - continued
31 OCTOBER 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 October 2023 and were signed by:





S Wilson - Director


BUSINESSLAND IT TELECOMS HOLDINGS LTD (REGISTERED NUMBER: 05601624)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

1. STATUTORY INFORMATION

Businessland IT Telecoms Holdings Ltd 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.

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.

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.
Fixtures and fittings - 10% on cost
Computer equipment - 33.33% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a fair value reserve.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2021 23,417
Additions 1,500
At 31 October 2022 24,917
DEPRECIATION
At 1 November 2021 6,885
Charge for year 3,027
At 31 October 2022 9,912
NET BOOK VALUE
At 31 October 2022 15,005
At 31 October 2021 16,532

BUSINESSLAND IT TELECOMS HOLDINGS LTD (REGISTERED NUMBER: 05601624)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2021
and 31 October 2022 725,000
NET BOOK VALUE
At 31 October 2022 725,000
At 31 October 2021 725,000

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2022 2021
£    £   
Repayable by instalments
Bank loans more 5 yr 224,540 245,242

7. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 319,545 336,085

The bank loan is secured upon the leasehold deeds of the company.

The Bounce Back loan is secured by a guarantee from the UK Government under the Bounce Back Loan Scheme.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
90 Ordinary Shares 1 90 90

9. RESERVES
Fair
value
reserve
£   
At 1 November 2021 324,802
Transfer between reserves (18,472 )

At 31 October 2022 306,330

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BUSINESSLAND IT TELECOMS HOLDINGS LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Businessland IT Telecoms Holdings Ltd for the year ended 31 October 2022 which comprise the Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Businessland IT Telecoms Holdings Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Businessland IT Telecoms Holdings Ltd and state those matters that we have agreed to state to the director of Businessland IT Telecoms Holdings Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Businessland IT Telecoms Holdings Ltd and its director for our work or for this report.

It is your duty to ensure that Businessland IT Telecoms Holdings Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Businessland IT Telecoms Holdings Ltd. You consider that Businessland IT Telecoms Holdings Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Businessland IT Telecoms Holdings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Goldwyns Limited
Chartered Accountants
Rutland House
90-92 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ


25 October 2023