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Registered number: 03891961

Buzzgrade Limited

UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 9 JUNE 2023

Prepared By:
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU

Buzzgrade Limited

ACCOUNTS
FOR THE YEAR ENDED 9 JUNE 2023
DIRECTORS
M Williams-Ellis
J M Ferris
SECRETARY
B J Ferris
REGISTERED OFFICE
First Floor 690 Great West Road
Osterley Village
Isleworth
TW7 4PU
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 03891961
ACCOUNTANTS
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU

Buzzgrade Limited

ACCOUNTS
FOR THEYEARENDED9 JUNE 2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Buzzgrade Limited

BALANCE SHEET AT 9 June 2023
20232022
Notes££
FIXED ASSETS
Tangible assets35,040,9095,770,265
CURRENT ASSETS
Cash at bank and in hand129,49873,056
129,49873,056
CREDITORS: Amounts falling due within one year5188,697161,232
NET CURRENT LIABILITIES(59,199)(88,176)
TOTAL ASSETS LESS CURRENT LIABILITIES4,981,7105,682,089
CREDITORS: Amounts falling due after more than one year6-208,169
PROVISIONS FOR LIABILITIES AND CHARGES7877,545621,077
NET ASSETS4,104,1654,852,843
CAPITAL AND RESERVES
Called up share capital81,248832
Share premium account9222,768222,768
Revaluation reserve,102,693,1753,268,826
Profit and loss account1,186,9741,360,417
SHAREHOLDERS' FUNDS4,104,1654,852,843
For the year ending 9 June 2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 29 February 2024 and signed on their behalf by
.............................
J M Ferris
Director

Buzzgrade Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 9 JUNE 2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsreducing balance 25%
1c. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1d. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
1f. Statutory Information
Buzzgrade Limited is a private company, limited by shares, incorporated in England and Wales.The company's registered number is 03891961 and registered office address is First Floor 690 Great West Road, Osterley Village, Isleworth, England, TW7 4PU.

Buzzgrade Limited

1g. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments.
2. EMPLOYEES
20232022
No.No.
Average number of employees--
3. TANGIBLE FIXED ASSETS
Fixtures
and FittingsTotal
££
Cost
At 10 June 202246,46446,464
Additions254254
At 9 June 202346,71846,718
Depreciation
At 10 June 202242,71742,717
For the year995995
At 9 June 202343,71243,712
Net Book Amounts
At 9 June 20233,0063,006
At 9 June 20223,7473,747

Buzzgrade Limited

4. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 10 June 20225,766,5185,766,518
Additions21,38521,385
Disposals(750,000)(750,000)
At 9 June 20235,037,9035,037,903
The investment properties have not been depreciated over the useful economic lives as required by the Companies Act 2006 in order that the financial statements give a true and fair view. The net book value as at 9 June 2023 was £5,037,903 (2022: £5,766,518). The directors consider the valuation of the freehold properties to be a good approximation of the open market value at the balance sheet date. Tangible fixed assets included at a valuation would have been included on a historical cost basis with a cost of £1,527,725 (2022: £1,702,074), depreciation of £313,432 (2022: £230,388), and net book value of £1,214,293 (2022: £1,471,686).
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Taxation and social security117,01823,029
Directors current account2,3747,690
Bank Loan-58,812
Other trade creditors49,05467,287
Other creditors9,9992,230
Accruals10,2522,184
188,697161,232
The bank loans are secured by a fixed and floating charge on the company's properties.
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans-208,169
-208,169
The bank loans are secured by a fixed and floating charge on the company's properties.
7. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation877,545621,077
877,545621,077

Buzzgrade Limited

8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
832 Ordinary shares of £1 each832832
416 B Ordinary shares of £1 each416
1,248832
New shares issued during period:
416 B Ordinary shares of £1 each416
416-
9. SHARE PREMIUM ACCOUNT 20232022
££
Share premium account222,768222,768
10. REVALUATION RESERVE 20232022
££
Fair value reserve2,693,1753,268,826
2,693,1753,268,826
The movement in the revaluation reserve of £575,651 relates to transfer to Profit and Loss on sale of assets.