Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28falseNo description of principal activitytrue2022-03-0111trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11809578 2022-03-01 2023-02-28 11809578 2021-03-01 2022-02-28 11809578 2023-02-28 11809578 2022-02-28 11809578 c:Director1 2022-03-01 2023-02-28 11809578 d:FreeholdInvestmentProperty 2022-03-01 2023-02-28 11809578 d:FreeholdInvestmentProperty 2023-02-28 11809578 d:CurrentFinancialInstruments 2023-02-28 11809578 d:CurrentFinancialInstruments 2022-02-28 11809578 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 11809578 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 11809578 d:ShareCapital 2023-02-28 11809578 d:ShareCapital 2022-02-28 11809578 d:RetainedEarningsAccumulatedLosses 2023-02-28 11809578 d:RetainedEarningsAccumulatedLosses 2022-02-28 11809578 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-02-28 11809578 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-02-28 11809578 c:FRS102 2022-03-01 2023-02-28 11809578 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 11809578 c:FullAccounts 2022-03-01 2023-02-28 11809578 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Registered number: 11809578










BTM PROPERTIES LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
BTM PROPERTIES LTD
REGISTERED NUMBER: 11809578

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
202,159
-

  
202,159
-

Current assets
  

Debtors: amounts falling due within one year
 5 
3,072
-

Cash at bank and in hand
 6 
1,173
100

  
4,245
100

Creditors: amounts falling due within one year
 7 
(203,952)
-

Net current (liabilities)/assets
  
 
 
(199,707)
 
 
100

Total assets less current liabilities
  
2,452
100

  

Net assets
  
2,452
100


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
2,352
-

  
2,452
100


Page 1

 
BTM PROPERTIES LTD
REGISTERED NUMBER: 11809578

BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 November 2023.




J Cordery
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
BTM PROPERTIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

BTM Properties Limited is a private limited company incorporated in England and Wales. The registered office is Honywood House Basildon Timber, Honywood Road, Basildon, Essex, United Kingdom, SS14 3DT.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

  
2.3

Investment property

Investment property is carried at fair value determined annually by the director and derived from the
current market rents and investment property yields for comparable real estate, adjusted if
necessary for any difference in the nature, location or condition of the specific asset. No depreciation
is provided. Changes in fair value are recognised in the Statement of comprehensive income.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
BTM PROPERTIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the
Page 4

 
BTM PROPERTIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)


2.8
Financial instruments (continued)

ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
202,159



At 28 February 2023
202,159

The 2023 valuations were made by the director, on an open market value for existing use basis.





5.


Debtors

2023
2022
£
£


Prepayments and accrued income
3,072
-



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,173
100


Page 5

 
BTM PROPERTIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
552
-

Other creditors
202,500
-

Accruals and deferred income
900
-

203,952
-



8.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
1,173
100




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


9.


Related party transactions

At 28 February 2023 the company owed £202,500 to companies under common control.


Page 6