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REGISTERED NUMBER: 04194291 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

BEDFORD ROAD CAR PARK LTD

BEDFORD ROAD CAR PARK LTD (REGISTERED NUMBER: 04194291)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BEDFORD ROAD CAR PARK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: P J Eddy
Mrs M Eddy
I J Eddy





SECRETARY: Mrs M Eddy





REGISTERED OFFICE: Greenwood & Wilson
The Old School
The Stennack
St Ives
Cornwall
TR26 1QU





REGISTERED NUMBER: 04194291 (England and Wales)





ACCOUNTANTS: Greenwood Wilson
The Old School
The Stennack
St Ives
Cornwall
TR26 1QU

BEDFORD ROAD CAR PARK LTD (REGISTERED NUMBER: 04194291)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 483,322 2,084,849
Investment property 5 6,125,000 2,660,000
6,608,322 4,744,849

CURRENT ASSETS
Debtors 6 21,801 30,102
Cash at bank and in hand 73,875 51,321
95,676 81,423
CREDITORS
Amounts falling due within one year 7 1,890,475 1,926,941
NET CURRENT LIABILITIES (1,794,799 ) (1,845,518 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,813,523

2,899,331

CREDITORS
Amounts falling due after more than one year 8 (2,290,836 ) (2,347,765 )

PROVISIONS FOR LIABILITIES (482,880 ) (12,641 )
NET ASSETS 2,039,807 538,925

CAPITAL AND RESERVES
Called up share capital 120 120
Fair value reserve 9 1,400,202 -
Retained earnings 639,485 538,805
SHAREHOLDERS' FUNDS 2,039,807 538,925

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

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

BEDFORD ROAD CAR PARK LTD (REGISTERED NUMBER: 04194291)

BALANCE SHEET - continued
31ST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st October 2023 and were signed on its behalf by:





P J Eddy - Director


BEDFORD ROAD CAR PARK LTD (REGISTERED NUMBER: 04194291)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Bedford Road Car Park 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 as modified by the revaluation of certain assets.

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.
Plant and machinery etc - 10% on reducing balance and Straight line over 3 years

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

BEDFORD ROAD CAR PARK LTD (REGISTERED NUMBER: 04194291)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2022 2,016,801 169,984 2,186,785
Additions - 5,489 5,489
Disposals - (4,350 ) (4,350 )
Reclassification/transfer (1,598,064 ) - (1,598,064 )
At 31st March 2023 418,737 171,123 589,860
DEPRECIATION
At 1st April 2022 - 101,936 101,936
Charge for year - 7,435 7,435
Eliminated on disposal - (2,833 ) (2,833 )
At 31st March 2023 - 106,538 106,538
NET BOOK VALUE
At 31st March 2023 418,737 64,585 483,322
At 31st March 2022 2,016,801 68,048 2,084,849

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2022 2,660,000
Revaluations 1,866,936
Reclassification/transfer 1,598,064
At 31st March 2023 6,125,000
NET BOOK VALUE
At 31st March 2023 6,125,000
At 31st March 2022 2,660,000

Fair value at 31st March 2023 is represented by:
£   
Valuation in 2022 2,660,000
Valuation in 2023 3,465,000
6,125,000

BEDFORD ROAD CAR PARK LTD (REGISTERED NUMBER: 04194291)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

5. INVESTMENT PROPERTY - continued

If the investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 4,258,064 -

Investment Property was valued on an open market basis on 31st March 2023 by Cross Estates .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,145 15,159
Other debtors 14,656 14,943
21,801 30,102

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 16,791 4,450
Taxation and social security 58,777 137,709
Other creditors 1,814,907 1,784,782
1,890,475 1,926,941

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 2,290,836 2,347,765

9. RESERVES
Fair
value
reserve
£   
Revaluation 1,400,202

At 31st March 2023 1,400,202