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REGISTERED NUMBER: 00766594 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

B.S. & R.Price (Properties) Limited

B.S. & R.Price (Properties) Limited (Registered number: 00766594)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B.S. & R.Price (Properties) Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Miss M Price
Mrs A Gostage
Mrs J Wedley





SECRETARY: Mrs J Wedley





REGISTERED OFFICE: 40 Rhosnesni Lane
Wrexham
LL12 7NA





REGISTERED NUMBER: 00766594 (England and Wales)





ACCOUNTANTS: Gwyn Thomas and Co Limited
1 Thomas Buildings
New Street
Pwllheli
Gwynedd
LL53 5HH

B.S. & R.Price (Properties) Limited (Registered number: 00766594)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,993,785 4,987,680
Investments 5 400 400
4,994,185 4,988,080

CURRENT ASSETS
Debtors 6 873,452 1,669,080
Cash at bank 1,559,106 766,373
2,432,558 2,435,453
CREDITORS
Amounts falling due within one year 7 163,113 163,058
NET CURRENT ASSETS 2,269,445 2,272,395
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,263,630

7,260,475

PROVISIONS FOR LIABILITIES 554,394 554,394
NET ASSETS 6,709,236 6,706,081

CAPITAL AND RESERVES
Called up share capital 4,000 4,000
Fair value reserve 8 2,060,991 2,060,991
Retained earnings 4,644,245 4,641,090
SHAREHOLDERS' FUNDS 6,709,236 6,706,081

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

B.S. & R.Price (Properties) Limited (Registered number: 00766594)

Balance Sheet - continued
31 March 2023


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 25 October 2023 and were signed on its behalf by:





Mrs J Wedley - Director


B.S. & R.Price (Properties) Limited (Registered number: 00766594)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

B.S. & R.Price (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.

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.

Turnover
Income is derived from the rental of freehold properties and is recognised on an accruals basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investment property
Investment property is included at fair value . Gains are recognised in the income statement . Deferred taxation is provided on these gains at the rate expected to apply when the property is sold .

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2022 4,987,000 8,433 4,995,433
Additions - 8,308 8,308
At 31 March 2023 4,987,000 16,741 5,003,741
DEPRECIATION
At 1 April 2022 - 7,753 7,753
Charge for year - 2,203 2,203
At 31 March 2023 - 9,956 9,956
NET BOOK VALUE
At 31 March 2023 4,987,000 6,785 4,993,785
At 31 March 2022 4,987,000 680 4,987,680

B.S. & R.Price (Properties) Limited (Registered number: 00766594)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2009 2,999,364 - 2,999,364
Valuation in 2013 275,000 - 275,000
Valuation in 2014 100,713 - 100,713
Valuation in 2015 (163,000 ) - (163,000 )
Valuation in 2016 325,714 - 325,714
Valuation in 2017 145,240 - 145,240
Valuation in 2018 104,047 - 104,047
Valuation in 2019 260,714 - 260,714
Valuation in 2020 142,857 - 142,857
Valuation in 2021 (1,272,785 ) - (1,272,785 )
Cost 2,069,136 16,741 2,085,877
4,987,000 16,741 5,003,741

If land and buildings had not been revalued they would have been included at the following historical cost:

31.3.23 31.3.22
£    £   
Cost 2,069,136 2,069,136

Land and buildings were valued on an open market basis on 31 March 2023 by by the directors. .

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 31 March 2023 400
NET BOOK VALUE
At 31 March 2023 400
At 31 March 2022 400

6. DEBTORS
31.3.23 31.3.22
£    £   
Amounts falling due within one year:
Trade debtors 44,901 69,080
Other debtors 228,551 -
273,452 69,080

B.S. & R.Price (Properties) Limited (Registered number: 00766594)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. DEBTORS - continued
31.3.23 31.3.22
£    £   
Amounts falling due after more than one year:
Amounts owed by participating interests 600,000 1,600,000

Aggregate amounts 873,452 1,669,080

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 1,760 108
Taxation and social security 50,382 53,687
Other creditors 110,971 109,263
163,113 163,058

8. RESERVES
Fair
value
reserve
£   
At 1 April 2022
and 31 March 2023 2,060,991

The revaluation in the year is net of deferred tax .

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
Miss M Price
Balance outstanding at start of year - -
Amounts advanced 76,184 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 76,184 -

Mrs A Gostage
Balance outstanding at start of year - -
Amounts advanced 76,184 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 76,184 -

B.S. & R.Price (Properties) Limited (Registered number: 00766594)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs J Wedley
Balance outstanding at start of year - -
Amounts advanced 76,184 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 76,184 -

10. RELATED PARTY DISCLOSURES

The company was under the control of the directors throughout the year.

The directors of the company are also directors of Cambrian Price Properties Limited a significant holding of B.S & R.Price (Properties) Limited. The amount owed by that company was £600,000 as at the year end (2022:£1,600,000).
Dividends paid during the year totalled £108,000.

11. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors.