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REGISTERED NUMBER: 01722292 (England and Wales)















Financial Statements for the Year Ended 30 April 2023

for

BES Properties Limited

BES Properties Limited (Registered number: 01722292)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BES Properties Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: G A Burns
R L Kaffel





SECRETARY:





REGISTERED OFFICE: The Roma Building 32/38 Scrutton Street
Bishopsgate
London
EC2A 4RQ





REGISTERED NUMBER: 01722292 (England and Wales)






BES Properties Limited (Registered number: 01722292)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Property, plant and equipment 4 - -
Investment property 5 1,678,862 1,678,862
1,678,862 1,678,862

Current assets
Debtors 6 132,306 80,619
Cash at bank 61,915 86,582
194,221 167,201
Creditors
Amounts falling due within one year 7 96,818 89,184
Net current assets 97,403 78,017
Total assets less current liabilities 1,776,265 1,756,879

Provisions for liabilities 8 26,683 26,683
Net assets 1,749,582 1,730,196

Capital and reserves
Called up share capital 9 120 120
Retained earnings 10 1,749,462 1,730,076
Shareholders' funds 1,749,582 1,730,196

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

BES Properties Limited (Registered number: 01722292)

Balance Sheet - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2023 and were signed on its behalf by:





R L Kaffel - Director


BES Properties Limited (Registered number: 01722292)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. Statutory information

BES Properties Limited 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.

Going concern
The directors have at the time of approving the financial statements, a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements. These financial statements are prepared on the going concern basis.

The directors have considered the company's going concern position, taking into the account the influence of the COVID-19 pandemic and the recent developments in the Ukraine crisis including the economic and financial sanctions being imposed on Russia.

The directors do not feel there was any material impact on the company's annual accounts as of 30 April 2023.

Revenue
Revenue 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.

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 tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.


BES Properties Limited (Registered number: 01722292)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. Accounting policies - continued
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity.

Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority. The directors believe that gains and losses on property sales are likely to be offset over time, and have therefore netted the deferred tax in relation to revaluation gains and losses.

Deferred tax assets and liabilities are not discounted. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on the tax rates and laws enacted or substantially enacted at the statement of financial position date.

3. Employees and directors

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

4. Property, plant and equipment
Plant and
machinery
etc
£   
Cost
At 1 May 2022
and 30 April 2023 6,273
Depreciation
At 1 May 2022
and 30 April 2023 6,273
Net book value
At 30 April 2023 -

5. Investment property
Total
£   
Fair value
At 1 May 2022
and 30 April 2023 1,678,862
Net book value
At 30 April 2023 1,678,862
At 30 April 2022 1,678,862

BES Properties Limited (Registered number: 01722292)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 122,022 72,808
Prepayments and accrued income 10,284 7,811
132,306 80,619

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Tax 32,042 34,122
VAT 33,776 17,385
Accruals and deferred income 31,000 37,677
96,818 89,184

8. Provisions for liabilities
2023 2022
£    £   
Deferred tax 26,683 26,683

Deferred
tax
£   
Balance at 1 May 2022 26,683
Timing differences
Balance at 30 April 2023 26,683

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
120 Ordinary Share £1 120 120

10. Reserves
Retained
earnings
£   

At 1 May 2022 1,730,076
Profit for the year 139,386
Dividends (120,000 )
At 30 April 2023 1,749,462