Company Registration No. 03731360 (England and Wales)
Buckland Properties (Devon) Limited
Unaudited accounts
for the year ended 31 July 2023
Buckland Properties (Devon) Limited
Unaudited accounts
Contents
Buckland Properties (Devon) Limited
Company Information
for the year ended 31 July 2023
Directors
T G Abrahall
J Abrahall
Company Number
03731360 (England and Wales)
Registered Office
2 Locksley Close
Torquay
Devon
TQ1 3HQ
Accountants
MA and AM Locke Accountants
2 Locksley Close
Torquay
Devon
TQ1 3HQ
Buckland Properties (Devon) Limited
Statement of financial position
as at 31 July 2023
Tangible assets
148,542
148,542
Investments
300,000
300,000
Cash at bank and in hand
146,902
106,827
Creditors: amounts falling due within one year
(6,950)
(6,400)
Net current assets
384,558
369,010
Net assets
833,100
817,552
Called up share capital
6
6
Profit and loss account
833,094
817,546
Shareholders' funds
833,100
817,552
For the year ending 31 July 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 13 February 2024 and were signed on its behalf by
T G Abrahall
Director
Company Registration No. 03731360
Buckland Properties (Devon) Limited
Notes to the Accounts
for the year ended 31 July 2023
Buckland Properties (Devon) Limited is a private company, limited by shares, registered in England and Wales, registration number 03731360. The registered office is 2 Locksley Close, Torquay, Devon, TQ1 3HQ.
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 investment in preference shares in a related party is measured at cost.
Stock of land and property is measured at cost and no provision has been made in these accounts to revalue stock at market value.
The accounts are presented in £ sterling.
4
Tangible fixed assets
Land & buildings
5
Investments
Other investments
Valuation at 1 August 2022
300,000
Valuation at 31 July 2023
300,000
Buckland Properties (Devon) Limited
Notes to the Accounts
for the year ended 31 July 2023
Amounts falling due within one year
Amounts due from group undertakings etc.
244,606
268,583
Amounts due after more than one year
244,606
268,583
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
3,178
2,869
Loans from directors
2,000
2,000
8
Transactions with related parties
T G Abrahall - Director
During the year Mr Abrahall provided services to the company through his trading partnership at the market rate to the value of £1,000.
CGP (South West) Ltd - a company in which Mr T G Abrahall is a director and majority shareholder.
Interest was charged on a loan to CGP (South West) Ltd at 3%. The amount due from CGP (South West) Ltd as at 31 July 2023 was £244,606 (2022 £268,583).
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).