REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 March 2023 |
for |
B & P PROPERTIES LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 March 2023 |
for |
B & P PROPERTIES LIMITED |
B & P PROPERTIES LIMITED (REGISTERED NUMBER: 02008068) |
Contents of the Financial Statements |
for the year ended 31 March 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
B & P PROPERTIES LIMITED |
Company Information |
for the year ended 31 March 2023 |
Directors: |
M J Bister |
Secretary: |
Registered office: |
Business address: |
Registered number: |
Accountants: |
3 Danebrook Court |
Langford Lane |
Kidlington |
Oxfordshire |
OX5 1LQ |
B & P PROPERTIES LIMITED (REGISTERED NUMBER: 02008068) |
Balance Sheet |
31 March 2023 |
31/3/23 | 31/3/22 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
Investments | 5 |
Investment property | 6 |
Current assets |
Debtors | 7 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 8 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
Provisions for liabilities | ( |
) | ( |
) |
Net assets |
Capital and reserves |
Called up share capital |
Share premium |
Fair value reserve | 11 |
Retained earnings |
Shareholders' funds |
B & P PROPERTIES LIMITED (REGISTERED NUMBER: 02008068) |
Balance Sheet - continued |
31 March 2023 |
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. |
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 |
B & P PROPERTIES LIMITED (REGISTERED NUMBER: 02008068) |
Notes to the Financial Statements |
for the year ended 31 March 2023 |
1. | Statutory information |
B & P Properties Limited is a |
The financial statements are presented in Sterling, which is the functional currency of the company, rounded to the nearest £1. |
2. | Accounting policies |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about B & P Properties Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Turnover |
Turnover represents net rental income. |
Tangible fixed assets |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost less any provision for impairment. |
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 Income Statement, 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. |
B & P PROPERTIES LIMITED (REGISTERED NUMBER: 02008068) |
Notes to the Financial Statements - continued |
for the year ended 31 March 2023 |
2. | Accounting policies - continued |
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. |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
Going concern |
The directors have made an assessment of the company's ability to continue as a going concern and have identified no material uncertainties that may cast a significant doubt on the ability of the company to continue as a going concern for the foreseeable future. |
3. | Employees and directors |
The average number of employees during the year was |
B & P PROPERTIES LIMITED (REGISTERED NUMBER: 02008068) |
Notes to the Financial Statements - continued |
for the year ended 31 March 2023 |
4. | Tangible fixed assets |
Plant and |
machinery |
etc |
£ |
Cost |
At 1 April 2022 |
Additions |
At 31 March 2023 |
Depreciation |
At 1 April 2022 |
Charge for year |
At 31 March 2023 |
Net book value |
At 31 March 2023 |
At 31 March 2022 |
Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows: |
Plant and |
machinery |
etc |
£ |
Cost |
At 1 April 2022 |
and 31 March 2023 |
Depreciation |
At 1 April 2022 |
and 31 March 2023 |
Net book value |
At 31 March 2023 |
At 31 March 2022 |
B & P PROPERTIES LIMITED (REGISTERED NUMBER: 02008068) |
Notes to the Financial Statements - continued |
for the year ended 31 March 2023 |
5. | Fixed asset investments |
Shares in |
group | Other |
undertakings | investments | Totals |
£ | £ | £ |
Cost |
At 1 April 2022 |
and 31 March 2023 | 775,532 |
Provisions |
At 1 April 2022 |
and 31 March 2023 | 654,752 | - | 654,752 |
Net book value |
At 31 March 2023 | 120,780 |
At 31 March 2022 | 120,780 |
6. | Investment property |
Total |
£ |
Fair value |
At 1 April 2022 |
Additions |
Disposals | ( |
) |
Revaluations | 1,547,553 |
At 31 March 2023 |
Net book value |
At 31 March 2023 |
At 31 March 2022 |
Investment properties were valued by the directors on an open market basis at 31 March 2023. |
Fair value at 31 March 2023 is represented by: |
£ |
Valuation in 2016 | 26,429,703 |
Valuation in 2017 | 2,699,945 |
Valuation in 2018 | 2,437,500 |
Valuation in 2019 | 1,100,000 |
Valuation in 2020 | 5,693,713 |
Valuation in 2021 | 799,378 |
Valuation in 2022 | 1,936,699 |
Valuation in 2023 | 1,538,350 |
Cost | 36,504,716 |
79,140,004 |
B & P PROPERTIES LIMITED (REGISTERED NUMBER: 02008068) |
Notes to the Financial Statements - continued |
for the year ended 31 March 2023 |
7. | Debtors: amounts falling due within one year |
31/3/23 | 31/3/22 |
£ | £ |
Trade debtors |
Other debtors |
8. | Creditors: amounts falling due within one year |
31/3/23 | 31/3/22 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
Bank loans and overdrafts are secured by both a fixed and floating charge over the undertaking and all property and assets. |
9. | Creditors: amounts falling due after more than one year |
31/3/23 | 31/3/22 |
£ | £ |
Bank loans |
10. | Secured debts |
The following secured debts are included within creditors: |
31/3/23 | 31/3/22 |
£ | £ |
Bank loans |
11. | Reserves |
Fair value |
reserve |
£ |
At 1 April 2022 |
Reserve transfer | 1,008,303 |
At 31 March 2023 |
12. | Other financial commitments |
The company has annual financial commitments in relation to operating leases amounting to £2,500 (2022 - £2,500.) |
B & P PROPERTIES LIMITED (REGISTERED NUMBER: 02008068) |
Notes to the Financial Statements - continued |
for the year ended 31 March 2023 |
13. | Directors' advances, credits and guarantees |
The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022: |
31/3/23 | 31/3/22 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |