Company registration number: SC200930
Unaudited financial statements
for the year ended 31 July 2023
for
Bespoke Property Developments Limited
Pages for filing with the Registrar
Company registration number: SC200930
Bespoke Property Developments Limited
Balance sheet
as at 31 July 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 4 870,080 870,080
870,080 870,080
Current assets
Debtors 2,864,804 41,248
Investments 100 95
Cash at bank and in hand 673,552 595,339
3,538,456 636,682
Creditors: amounts falling due within
one year
(129,809) (84,281)
Net current assets 3,408,647 552,401
Total assets less current liabilities 4,278,727 1,422,481
Creditors: Amounts falling due after
more than one year
(2,933) (266,448)
NET ASSETS 4,275,794 1,156,033
Capital and reserves
Called up share capital 100 100
Revaluation reserve 172,478 172,478
Profit and loss account 4,103,216 983,455
TOTAL EQUITY 4,275,794 1,156,033
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 July 2023.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: SC200930
Bespoke Property Developments Limited
Balance sheet - continued
as at 31 July 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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Ms J Wong, Director
24 April 2024
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Bespoke Property Developments Limited
Notes to the financial statements
for the year ended 31 July 2023
1 Company information
The company is registered in Scotland. Its registered number is SC200930. The company is limited by shares. Its registered office is Development Direct (Scotland) Ltd, 51-57 Dalry Road, Edinburgh, Midlothian, EH11 2BX.
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 historic cost convention.
Presentation currency
The company's financial statements are presented in sterling.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Exemption from preparation of consolidated financial statements
The financial statements contain information about Bespoke Property Developments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold property - 0% straight line
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Bespoke Property Developments Limited
Notes to the financial statements - continued
for the year ended 31 July 2023
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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 balance sheet date.
3 Average number of employees
During the year the average number of employees was 2 (2022 - 2).
4 Tangible fixed assets
Land and
buildings
£
Cost
At 1 August 2022 870,080
At 31 July 2023 870,080
Depreciation
At 31 July 2023 -
Net book value
At 31 July 2023 870,080
At 31 July 2022 870,080
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