Company Registration No. 10253760 (England and Wales)
BALANCED PROPERTY INVESTMENTS LIMITED
Unaudited accounts
for the year ended 30 June 2023
BALANCED PROPERTY INVESTMENTS LIMITED
Unaudited accounts
Contents
BALANCED PROPERTY INVESTMENTS LIMITED
Company Information
for the year ended 30 June 2023
Directors
ROPER, Clare Marie
ROPER, Neil David
Company Number
10253760 (England and Wales)
Registered Office
THORNSETT
BEXTON LANE
KNUTSFORD
CHESHIRE
WA16 9AB
Accountants
Accounts and Legal Consultants Ltd
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
BALANCED PROPERTY INVESTMENTS LIMITED
Accountants' report
Accountants' report to the board of directors of BALANCED PROPERTY INVESTMENTS LIMITED on the preparation of the unaudited statutory accounts for the year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
BALANCED PROPERTY INVESTMENTS LIMITED for the year ended
30 June 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of BALANCED PROPERTY INVESTMENTS LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of BALANCED PROPERTY INVESTMENTS LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BALANCED PROPERTY INVESTMENTS LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that BALANCED PROPERTY INVESTMENTS LIMITED 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 BALANCED PROPERTY INVESTMENTS LIMITED. You consider that BALANCED PROPERTY INVESTMENTS LIMITED 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 BALANCED PROPERTY INVESTMENTS LIMITED. 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.
Accounts and Legal Consultants Ltd
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
2 January 2024
BALANCED PROPERTY INVESTMENTS LIMITED
Statement of financial position
as at 30 June 2023
Investment property
731,000
740,000
Cash at bank and in hand
4,390
10,866
Creditors: amounts falling due within one year
(21,439)
(19,278)
Net current liabilities
(16,674)
(8,063)
Total assets less current liabilities
714,326
731,937
Creditors: amounts falling due after more than one year
(627,772)
(650,598)
Provisions for liabilities
Deferred tax
(10,495)
(12,205)
Called up share capital
100
100
Profit and loss account
75,959
69,034
Shareholders' funds
76,059
69,134
For the year ending 30 June 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 2 January 2024 and were signed on its behalf by
ROPER, Clare Marie
Director
Company Registration No. 10253760
BALANCED PROPERTY INVESTMENTS LIMITED
Notes to the Accounts
for the year ended 30 June 2023
BALANCED PROPERTY INVESTMENTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10253760. The registered office is THORNSETT, BEXTON LANE, KNUTSFORD, CHESHIRE, WA16 9AB.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 July 2022
740,000
Net loss from fair value adjustments
(9,000)
Amounts falling due within one year
Accrued income and prepayments
375
349
BALANCED PROPERTY INVESTMENTS LIMITED
Notes to the Accounts
for the year ended 30 June 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
1,223
2,686
Loans from directors
20,000
15,872
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
491,552
491,552
Loans from directors
136,220
159,046
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).