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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
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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
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Buckland Properties (Devon) Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
148,542 
148,542 
Investments
300,000 
300,000 
448,542 
448,542 
Current assets
Debtors
244,606 
268,583 
Cash at bank and in hand
146,902 
106,827 
391,508 
375,410 
Creditors: amounts falling due within one year
(6,950)
(6,400)
Net current assets
384,558 
369,010 
Net assets
833,100 
817,552 
Capital and reserves
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
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Buckland Properties (Devon) Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Investments
The investment in preference shares in a related party is measured at cost.
Stocks
Stock of land and property is measured at cost and no provision has been made in these accounts to revalue stock at market value.
Presentation currency
The accounts are presented in £ sterling.
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 August 2022
148,542 
At 31 July 2023
148,542 
Depreciation
At 31 July 2023
- 
Net book value
At 31 July 2023
148,542 
At 31 July 2022
148,542 
5
Investments
Other investments 
£ 
Valuation at 1 August 2022
300,000 
Valuation at 31 July 2023
300,000 
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Buckland Properties (Devon) Limited Notes to the Accounts for the year ended 31 July 2023
6
Debtors
2023 
2022 
£ 
£ 
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 
£ 
£ 
VAT
972 
766 
Trade creditors
800 
765 
Taxes and social security
3,178 
2,869 
Loans from directors
2,000 
2,000 
6,950 
6,400 
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).
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