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REGISTERED NUMBER: 09768906 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BGP (WEST ST) LIMITED

BGP (WEST ST) LIMITED (REGISTERED NUMBER: 09768906)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BGP (WEST ST) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr S S Choker
Mr C S Choker





REGISTERED OFFICE: 5 Westbrook Court
Sharrowvale Road
Sheffield
South Yorkshire
S11 8YZ





REGISTERED NUMBER: 09768906 (England and Wales)





ACCOUNTANTS: Sutton McGrath Hartley Limited
5 Westbrook Court
Sharrowvale Road
Sheffield
S11 8YZ

BGP (WEST ST) LIMITED (REGISTERED NUMBER: 09768906)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 84,930 31,021
Investment property 5 1,513,084 2,979,406
1,598,014 3,010,427

CURRENT ASSETS
Debtors 6 - 32,415
Cash at bank 4,986 54,496
4,986 86,911
CREDITORS
Amounts falling due within one year 7 (227,356 ) (1,840,916 )
NET CURRENT LIABILITIES (222,370 ) (1,754,005 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,375,644 1,256,422

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,375,643 1,256,421
1,375,644 1,256,422

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BGP (WEST ST) LIMITED (REGISTERED NUMBER: 09768906)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2024 and were signed on its behalf by:





Mr S S Choker - Director


BGP (WEST ST) LIMITED (REGISTERED NUMBER: 09768906)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

BGP (West St) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

BGP (WEST ST) LIMITED (REGISTERED NUMBER: 09768906)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 January 2023 32,656
Additions 121,659
Disposals (59,467 )
At 31 December 2023 94,848
DEPRECIATION
At 1 January 2023 1,635
Charge for year 18,156
Eliminated on disposal (9,873 )
At 31 December 2023 9,918
NET BOOK VALUE
At 31 December 2023 84,930
At 31 December 2022 31,021

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 2,979,406
Additions 5,095
Disposals (1,471,417 )
At 31 December 2023 1,513,084
NET BOOK VALUE
At 31 December 2023 1,513,084
At 31 December 2022 2,979,406

The directors have valued the investment property held, at open market value, and concluded its valuation is not materially different to its historical cost.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 32,415

BGP (WEST ST) LIMITED (REGISTERED NUMBER: 09768906)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 37 1,621
Taxation and social security 2,024 -
Other creditors 225,295 1,839,295
227,356 1,840,916