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Registered Number: 11619357
England and Wales

 

 

 

B AND P PROPERTY LETTINGS LIMITED


Financial Statements
 


Period of accounts

Start date: 01 November 2022

End date: 31 October 2023
Directors Joe Martin
Hannah Martin
Registered Number 11619357
Registered Office Bluebell Cottage
Whitley
West Yorkshire
DN14 0HZ
Accountants UWM Accountants
UWM House
6 Fusion Court
Leeds
LS25 2GH
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 412,027    611,326 
412,027    611,326 
Current assets      
Debtors 4 565    297 
Cash at bank and in hand 11,784    10,707 
12,349    11,004 
Creditors: amount falling due within one year 5 (100,384)   (143,031)
Net current assets (88,035)   (132,027)
 
Total assets less current liabilities 323,992    479,299 
Creditors: amount falling due after more than one year 6 (171,511)   (319,859)
Provisions for liabilities 7 (38,374)   (29,640)
Net assets 114,107    129,800 
 

Capital and reserves
     
Called up share capital 3    3 
Fair Value Reserves 8 111,750    126,360 
Profit and loss account 2,354    3,437 
Shareholder's funds 114,107    129,800 
 


For the year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 23 April 2024 and were signed on its behalf by:


-------------------------------
Joe Martin
Director
2
General Information
B And P Property Lettings Limited is a private company, limited by shares, registered in England and Wales, registration number 11619357, registration address Bluebell Cottage, Whitley, West Yorkshire, DN14 0HZ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery etc 25% reducing balance
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees


Average number of employees during the year was 5 (2022 : 5).
3.

Tangible fixed assets

Cost or valuation Investment properties   Plant and machinery etc   Total
  £   £   £
At 01 November 2022 605,330    7,995    613,325 
Additions    
Disposals (213,800)     (213,800)
Revaluations 16,000      16,000 
At 31 October 2023 407,530    7,995    415,525 
Depreciation
At 01 November 2022   1,999    1,999 
Charge for year   1,499    1,499 
On disposals    
At 31 October 2023   3,498    3,498 
Net book values
Closing balance as at 31 October 2023 407,530    4,497    412,027 
Opening balance as at 01 November 2022 605,330    5,996    611,326 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 565    297 
Other Debtors  
565    297 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 89    2,440 
Bank Loans & Overdrafts 3,434    6,333 
Taxation and Social Security   1,551 
Other Creditors 96,861    132,707 
100,384    143,031 

6.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts 171,511    279,859 
Other Creditors   40,000 
171,511    319,859 

7.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 38,374    29,640 
38,374    29,640 

8.

Fair Value Reserves

2023
£
  2022
£
Fair Value Reserve (14,610)   24,855 
Fair Value Reserve b/fwd 126,360    101,505 
111,750    126,360 

3