Budge Investments Ltd Filleted Accounts Cover |
Company No. 10525736 | |||||||||
Budge Investments Ltd Balance Sheet Registrar |
at | ||||||||||
Company No. | Notes | 2022 | 2021 | |||||||
£ | £ | |||||||||
Fixed assets | ||||||||||
Investment property | 4 | |||||||||
Current assets | ||||||||||
Cash at bank and in hand | ||||||||||
Creditors: Amount falling due within one year | 5 | ( | ( | |||||||
Net current liabilities | ( | ( | ||||||||
Total assets less current liabilities | ||||||||||
Creditors: Amounts falling due after more than one year | 6 | ( | ( | |||||||
Provisions for liabilities | ||||||||||
Deferred taxation | 7 | ( | ( | |||||||
Net assets | ||||||||||
Capital and reserves | ||||||||||
Called up share capital | ||||||||||
Revaluation reserve | 8 | |||||||||
Profit and loss account | 8 | ( | ( | |||||||
Total equity | ||||||||||
As permitted by section 444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account. | ||||||||||
Approved by the board on 31 October 2022 | ||||||||||
And signed on its behalf by: | ||||||||||
S.J. Budge | ||||||||||
Director | ||||||||||
31 October 2022 |
Budge Investments Ltd Notes to the Accounts Registrar |
for the period ended 31 October 2022 | ||||||||||||||
1 | General information | |||||||||||||
Its registered number is: 10525736 | ||||||||||||||
Its registered office is: | ||||||||||||||
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below. | ||||||||||||||
2 | Accounting policies | |||||||||||||
Turnover | ||||||||||||||
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. | ||||||||||||||
Taxation | ||||||||||||||
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively. | ||||||||||||||
Freehold investment property | ||||||||||||||
No depreciation is provided in respect of investment properties. | ||||||||||||||
Financial instruments | ||||||||||||||
3 | Employees | |||||||||||||
2022 | 2021 | |||||||||||||
Number | Number | |||||||||||||
The average monthly number of employees (including directors) during the period: | ||||||||||||||
4 | Investment property | |||||||||||||
Freehold Investment Property | ||||||||||||||
£ | ||||||||||||||
Valuation | ||||||||||||||
At 1 December 2021 | ||||||||||||||
Additions | ||||||||||||||
At 31 October 2022 | ||||||||||||||
5 | Creditors amounts falling due within one year: | |||||||||||||
2022 | 2021 | |||||||||||||
£ | £ | |||||||||||||
Bank loans and overdrafts | ||||||||||||||
Trade creditors | ||||||||||||||
Amounts owed to group undertakings | ||||||||||||||
Loans from directors | ||||||||||||||
Accruals and deferred income | ||||||||||||||
6 | Creditors amounts falling due after more than one year: | |||||||||||||
2022 | 2021 | |||||||||||||
£ | £ | |||||||||||||
Bank loans and overdrafts | ||||||||||||||
7 | Provisions for liabilities | |||||||||||||
Deferred taxation | ||||||||||||||
Accelerated Capital Allowances, Losses and Other Timing Differences | Total | |||||||||||||
£ | £ | |||||||||||||
At 1 December 2021 | 14,526 | |||||||||||||
At 31 October 2022 | 14,526 | |||||||||||||
2022 | 2021 | |||||||||||||
£ | £ | |||||||||||||
Revaluation of land and buildings | ||||||||||||||
8 | Reserves | |||||||||||||
Revaluation Reserve | Total other reserves | |||||||||||||
£ | £ | |||||||||||||
At 1 December 2020 | ||||||||||||||
At 30 November 2021 and 1 December 2021 | ||||||||||||||
At 31 October 2022 | ||||||||||||||
9 | Related party disclosures | |||||||||||||
At the balance sheet date £8,124 was owed to the director by the company. | ||||||||||||||
Controlling party | ||||||||||||||
Immediate controlling party | No single party controls the company | |||||||||||||
2022 | 2021 | |||||||||||||
Transactions with related parties | £ | £ | ||||||||||||
Name of related party | ||||||||||||||
Amount due from/(to) the related party | ( | ( | ||||||||||||