Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-3110The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-06-01falseNo description of principal activity11truetrue 06591647 2022-06-01 2023-05-31 06591647 2021-06-01 2022-05-31 06591647 2023-05-31 06591647 2022-05-31 06591647 c:Director1 2022-06-01 2023-05-31 06591647 c:Director2 2022-06-01 2023-05-31 06591647 c:Director3 2022-06-01 2023-05-31 06591647 d:MotorVehicles 2022-06-01 2023-05-31 06591647 d:FurnitureFittings 2022-06-01 2023-05-31 06591647 d:FurnitureFittings 2023-05-31 06591647 d:FurnitureFittings 2022-05-31 06591647 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 06591647 d:OfficeEquipment 2022-06-01 2023-05-31 06591647 d:OfficeEquipment 2023-05-31 06591647 d:OfficeEquipment 2022-05-31 06591647 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 06591647 d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 06591647 d:CurrentFinancialInstruments 2023-05-31 06591647 d:CurrentFinancialInstruments 2022-05-31 06591647 d:Non-currentFinancialInstruments 2023-05-31 06591647 d:Non-currentFinancialInstruments 2022-05-31 06591647 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 06591647 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 06591647 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 06591647 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 06591647 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-05-31 06591647 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-05-31 06591647 d:ShareCapital 2023-05-31 06591647 d:ShareCapital 2022-05-31 06591647 d:RetainedEarningsAccumulatedLosses 2023-05-31 06591647 d:RetainedEarningsAccumulatedLosses 2022-05-31 06591647 c:FRS102 2022-06-01 2023-05-31 06591647 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 06591647 c:FullAccounts 2022-06-01 2023-05-31 06591647 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 06591647 d:AcceleratedTaxDepreciationDeferredTax 2023-05-31 06591647 d:AcceleratedTaxDepreciationDeferredTax 2022-05-31 iso4217:GBP xbrli:pure
Registered number: 06591647









B & B PROPERTY LADDER LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2023

 
B & B PROPERTY LADDER LIMITED
REGISTERED NUMBER: 06591647

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,085
6,052

  
5,085
6,052

Current assets
  

Debtors: amounts falling due within one year
 5 
18,645
31,413

Cash at bank and in hand
  
7,873
69,175

  
26,518
100,588

Creditors: amounts falling due within one year
 6 
(24,561)
(41,140)

Net current assets
  
 
 
1,957
 
 
59,448

Total assets less current liabilities
  
7,042
65,500

Creditors: amounts falling due after more than one year
 7 
(1,821)
(391)

Provisions for liabilities
  

Deferred tax
 9 
(682)
(848)

Net assets
  
4,539
64,261


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
4,439
64,161

  
4,539
64,261


Page 1

 
B & B PROPERTY LADDER LIMITED
REGISTERED NUMBER: 06591647

BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2023

The directors consider 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 directors acknowledge their 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 profit and loss account 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 4 September 2023.




................................................
Mr C Brooks
................................................
Mr J C Brooks
Director
Director



................................................
Mr E S Brooks
Director




The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
B & B PROPERTY LADDER LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

B & B Property Ladder Limited is a private company, limited by shares, domiciled in England and Wales, registration number 06591647. The registered office is 98 Crostwick Lane, Spixworth, Norfolk, NR10 3NQ.
The financial statements are prepared in sterling which is the functional currency of the company and rounded to the nearest £.

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

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 adopt a going concern basis of accounting in preparing the financial statements. The directors have considered a period of 12 months from the balance sheet date.

 
2.3

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.
Turnover 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 turnover 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.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and Loss Account in the same period as the related expenditure.

Page 3

 
B & B PROPERTY LADDER LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
B & B PROPERTY LADDER LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Fixtures & fittings
-
25%
Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

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.

 
2.11

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.

 
2.12

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

 
2.13

Financial instruments

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.

Page 5

 
B & B PROPERTY LADDER LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2022 - 11).


4.


Tangible fixed assets





Fixtures & fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 June 2022
7,944
14,086
22,030


Additions
-
823
823


Disposals
-
(724)
(724)



At 31 May 2023

7,944
14,185
22,129



Depreciation


At 1 June 2022
6,483
9,495
15,978


Charge for the year on owned assets
365
1,302
1,667


Disposals
-
(601)
(601)



At 31 May 2023

6,848
10,196
17,044



Net book value



At 31 May 2023
1,096
3,989
5,085



At 31 May 2022
1,461
4,591
6,052

Page 6

 
B & B PROPERTY LADDER LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

5.


Debtors

2023
2022
£
£


Trade debtors
5,698
28,166

Other debtors
10,383
-

Prepayments
2,564
3,247

18,645
31,413



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
802
2,953

Trade creditors
10,855
9,110

Accruals
2,110
1,800

Corporation tax
-
12,808

Other creditors
5,728
3,707

Other taxation and social security
5,066
10,762

24,561
41,140



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
1,821
391



8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
802
2,953

Amounts falling due 2-5 years

Bank loans
1,821
391


2,623
3,344


Page 7

 
B & B PROPERTY LADDER LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

9.


Deferred taxation




2023


£






At beginning of year
848


Charged to profit or loss
(166)



At end of year
682

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
682
848

682
848


10.


Pension commitments

The Company operates defined contribution pension schemes. The assets of the schemes are held separately from those of the Company  in independently administered funds. The pension cost charges represent contributions payable by the Company  to the funds and amounted to £4,475 (2022 - £9,504). There were no amounts owed to the funds at the balance sheet date.


Page 8