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Company Registration No. 13215826 (England and Wales)
Bgb Property Solution Ltd Unaudited accounts for the year ended 28 February 2023
Bgb Property Solution Ltd Unaudited accounts Contents
Page
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Bgb Property Solution Ltd Company Information for the year ended 28 February 2023
Directors
Daljit Kaur Sira Gurpal Singh Bhambra
Company Number
13215826 (England and Wales)
Registered Office
20-22 Wenlock Road London N1 7GU England
Accountants
FBD Consultancy, Accounts & Tax Ltd Sgarbach House 10 Binniehill Road Cumbernauld North Lanarkshire G68 9AJ
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Bgb Property Solution Ltd for the year ended 28 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Bgb Property Solution Ltd for the year ended 28 February 2023 as set out on pages 5 - 7 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 of Scotland, we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020.
Our work has been undertaken in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020.
FBD Consultancy, Accounts & Tax Ltd Chartered Accountants Sgarbach House 10 Binniehill Road Cumbernauld North Lanarkshire G68 9AJ 24 October 2023
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Bgb Property Solution Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
296 
445 
Investment property
202,680 
72,007 
202,976 
72,452 
Current assets
Cash at bank and in hand
7,134 
32,488 
Creditors: amounts falling due within one year
(129,567)
(91,461)
Net current liabilities
(122,433)
(58,973)
Total assets less current liabilities
80,543 
13,479 
Creditors: amounts falling due after more than one year
(116,980)
(44,980)
Net liabilities
(36,437)
(31,501)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(36,439)
(31,503)
Shareholders' funds
(36,437)
(31,501)
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by
Daljit Kaur Sira Director Company Registration No. 13215826
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Bgb Property Solution Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Bgb Property Solution Ltd is a private company, limited by shares, registered in England and Wales, registration number 13215826. The registered office is 20-22 Wenlock Road, London, N1 7GU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 March 2022
594 
At 28 February 2023
594 
Depreciation
At 1 March 2022
149 
Charge for the year
149 
At 28 February 2023
298 
Net book value
At 28 February 2023
296 
At 28 February 2022
445 
5
Investment property
2023 
£ 
Fair value at 1 March 2022
72,007 
Additions
130,673 
At 28 February 2023
202,680 
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Bgb Property Solution Ltd Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Loans from directors
126,707 
89,027 
Accruals
2,860 
2,434 
129,567 
91,461 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
116,980 
44,980 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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