B&H Developments Ltd 12201210 false 2021-10-01 2022-09-30 2022-09-30 The principal activity of the company is that of developing building projects. Digita Accounts Production Advanced 6.30.9574.0 true true 12201210 2021-10-01 2022-09-30 12201210 2022-09-30 12201210 bus:OrdinaryShareClass1 2022-09-30 12201210 core:CurrentFinancialInstruments 2022-09-30 12201210 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 12201210 core:LandBuildings core:OwnedOrFreeholdAssets 2022-09-30 12201210 core:OfficeEquipment 2022-09-30 12201210 core:OtherPropertyPlantEquipment 2022-09-30 12201210 bus:SmallEntities 2021-10-01 2022-09-30 12201210 bus:AuditExemptWithAccountantsReport 2021-10-01 2022-09-30 12201210 bus:AbridgedAccounts 2021-10-01 2022-09-30 12201210 bus:SmallCompaniesRegimeForAccounts 2021-10-01 2022-09-30 12201210 bus:RegisteredOffice 2021-10-01 2022-09-30 12201210 bus:Director1 2021-10-01 2022-09-30 12201210 bus:Director2 2021-10-01 2022-09-30 12201210 bus:OrdinaryShareClass1 2021-10-01 2022-09-30 12201210 bus:PrivateLimitedCompanyLtd 2021-10-01 2022-09-30 12201210 bus:Agent1 2021-10-01 2022-09-30 12201210 core:LandBuildings core:OwnedOrFreeholdAssets 2021-10-01 2022-09-30 12201210 core:OfficeEquipment 2021-10-01 2022-09-30 12201210 core:OtherPropertyPlantEquipment 2021-10-01 2022-09-30 12201210 core:PlantMachinery 2021-10-01 2022-09-30 12201210 countries:England 2021-10-01 2022-09-30 12201210 2021-09-30 12201210 core:LandBuildings core:OwnedOrFreeholdAssets 2021-09-30 12201210 core:OfficeEquipment 2021-09-30 12201210 core:OtherPropertyPlantEquipment 2021-09-30 12201210 2020-10-01 2021-09-30 12201210 2021-09-30 12201210 bus:OrdinaryShareClass1 2021-09-30 12201210 core:CurrentFinancialInstruments 2021-09-30 12201210 core:CurrentFinancialInstruments core:WithinOneYear 2021-09-30 12201210 core:LandBuildings core:OwnedOrFreeholdAssets 2021-09-30 12201210 core:OfficeEquipment 2021-09-30 12201210 core:OtherPropertyPlantEquipment 2021-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12201210

B&H Developments Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 30 September 2022

 

B&H Developments Ltd

Contents

Company Information

1

Accountants' Report

2

Abridged Balance Sheet

3 to 4

Notes to the Unaudited Abridged Financial Statements

5 to 7

 

B&H Developments Ltd

Company Information

Directors

Mr Bill Bodenham

Ms Kim Heffernan

Registered office

The Mews
Queen Street
Colyton
Devon
EX24 6JU

Accountants

CRW Accountants Ltd
The Mews
Queen Street
Colyton
Devon
EX24 6JU

 

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
B&H Developments Ltd
for the Year Ended 30 September 2022

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of B&H Developments Ltd for the year ended 30 September 2022 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of International Accountants, we are subject to its ethical and other professional requirements.

This report is made solely to the Board of Directors of B&H Developments Ltd, as a body, in accordance with the terms of our engagement letter dated 19 September 2019. Our work has been undertaken solely to prepare for your approval the accounts of B&H Developments Ltd and state those matters that we have agreed to state to the Board of Directors of B&H Developments Ltd, as a body, in this report . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than B&H Developments Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that B&H Developments Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of B&H Developments Ltd. You consider that B&H Developments Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of B&H Developments Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.




CRW Accountants Ltd
The Mews
Queen Street
Colyton
Devon
EX24 6JU

15 November 2023

 

B&H Developments Ltd

(Registration number: 12201210)
Abridged Balance Sheet as at 30 September 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

4

73,594

73,442

Current assets

 

Debtors

5

897

4,560

Cash at bank and in hand

 

3,285

2,615

 

4,182

7,175

Creditors: Amounts falling due within one year

(92,195)

(101,314)

Net current liabilities

 

(88,013)

(94,139)

Total assets less current liabilities

 

(14,419)

(20,697)

Accruals and deferred income

 

(1,190)

(1,448)

Net liabilities

 

(15,609)

(22,145)

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

(15,709)

(22,245)

Shareholders' deficit

 

(15,609)

(22,145)

For the financial year ending 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

B&H Developments Ltd

(Registration number: 12201210)
Abridged Balance Sheet as at 30 September 2022

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 15 November 2023 and signed on its behalf by:
 

Mr Bill Bodenham
Director

Ms Kim Heffernan
Director

 
     

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

B&H Developments Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2022

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The Mews
Queen Street
Colyton
Devon
EX24 6JU
United Kingdom

These financial statements were authorised for issue by the Board on 15 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The directors consider it appropriate to prepare the financial statements on a going concern basis as they will continue to support it from the date of these financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

B&H Developments Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2022

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2021 - 1).

 

B&H Developments Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2022

4

Tangible assets

Land and buildings
£

Office equipment
£

Other tangible assets
 £

Total
£

Cost or valuation

At 1 October 2021

70,116

1,473

2,869

74,458

Additions

-

-

1,020

1,020

At 30 September 2022

70,116

1,473

3,889

75,478

Depreciation

At 1 October 2021

-

295

721

1,016

Charge for the year

-

236

632

868

At 30 September 2022

-

531

1,353

1,884

Carrying amount

At 30 September 2022

70,116

942

2,536

73,594

At 30 September 2021

70,116

1,178

2,148

73,442

5

Debtors

Debtors includes £Nil (2021 - £Nil) due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

         

7

Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

2022
£

2021
£

Remuneration

8,970

8,814