BTMM Property Ltd 11573604 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is Other letting and operating of own or leased real estate Digita Accounts Production Advanced 6.30.9574.0 true true 11573604 2022-07-01 2023-06-30 11573604 2023-06-30 11573604 bus:OrdinaryShareClass1 2023-06-30 11573604 core:CurrentFinancialInstruments 2023-06-30 11573604 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 11573604 core:Non-currentFinancialInstruments 2023-06-30 11573604 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 11573604 bus:SmallEntities 2022-07-01 2023-06-30 11573604 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 11573604 bus:FullAccounts 2022-07-01 2023-06-30 11573604 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 11573604 bus:RegisteredOffice 2022-07-01 2023-06-30 11573604 bus:Director1 2022-07-01 2023-06-30 11573604 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 11573604 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 11573604 countries:AllCountries 2022-07-01 2023-06-30 11573604 2022-06-30 11573604 2021-07-01 2022-06-30 11573604 2022-06-30 11573604 bus:OrdinaryShareClass1 2022-06-30 11573604 core:CurrentFinancialInstruments 2022-06-30 11573604 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 11573604 core:Non-currentFinancialInstruments 2022-06-30 11573604 core:Non-currentFinancialInstruments core:AfterOneYear 2022-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11573604

BTMM Property Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2023

 

BTMM Property Ltd
(Registration number: 11573604)

(Registration number: 11573604)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed Assets

 

Investment property

4

536,076

536,076

Current assets

 

Debtors

5

1,215

608

Cash at bank and in hand

 

5,023

5,572

 

6,238

6,180

Creditors: Amounts falling due within one year

6

(1,396)

(1,140)

Net current assets

 

4,842

5,040

Total assets less current liabilities

 

540,918

541,116

Creditors: Amounts falling due after more than one year

6

(535,739)

(550,380)

Net assets/(liabilities)

 

5,179

(9,264)

Capital and Reserves

 

Called up share capital

7

100

100

Retained Earnings

5,079

(9,364)

Shareholders' funds/(deficit)

 

5,179

(9,264)

 

BTMM Property Ltd
(Registration number: 11573604)

(Registration number: 11573604)
Balance Sheet as at 30 June 2023

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 February 2024 and signed on its behalf by:
 

.........................................
Mr A J Hamer
Director

 

BTMM Property Ltd
(Registration number: 11573604)

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
1 & 2 Tollgate Business Park
Tollgate West, Stanway
Colchester
Essex
CO3 8AB

These financial statements were authorised for issue by the Board on 26 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the rental of properties in the ordinary course of the company’s activities. Turnover is shown net of rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

BTMM Property Ltd
(Registration number: 11573604)

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are recorded at fair value, net of transaction costs. Interest expense is recognised as it is charged and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Investment properties

2023
£

At 1 July 2022

536,076

At 30 June 2023

536,076

There has been no valuation of investment property by an independent valuer.

5

Debtors

Current

2023
£

2022
£

Prepayments

585

508

Other debtors

630

100

 

1,215

608

 

BTMM Property Ltd
(Registration number: 11573604)

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

1,396

1,140

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

535,739

550,380

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

         

Allotted, called up and not fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

         
 

BTMM Property Ltd
(Registration number: 11573604)

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

390,653

390,683

Other borrowings

145,086

159,697

535,739

550,380