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REGISTERED NUMBER: 02008068 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

B & P PROPERTIES LIMITED

B & P PROPERTIES LIMITED (REGISTERED NUMBER: 02008068)

Contents of the Financial Statements
for the year ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B & P PROPERTIES LIMITED

Company Information
for the year ended 31 March 2023







Directors: M A S Ponting
P A Ponting
M J Bister





Secretary: C Brawn





Registered office: 3 Danebrook Court
Langford Lane
Kidlington
Oxfordshire
OX5 1LQ





Business address: 118 Churchill Road
Bicester
Oxfordshire
OX26 4XD





Registered number: 02008068 (England and Wales)





Accountants: Cooper Parry Advisory Limited
3 Danebrook Court
Langford Lane
Kidlington
Oxfordshire
OX5 1LQ

B & P PROPERTIES LIMITED (REGISTERED NUMBER: 02008068)

Balance Sheet
31 March 2023

31/3/23 31/3/22
Notes £ £ £ £
Fixed assets
Tangible assets 4 272,250 26,386
Investments 5 120,780 120,780
Investment property 6 79,140,004 77,165,004
79,533,034 77,312,170

Current assets
Debtors 7 6,221,856 4,459,622
Cash at bank and in hand 2,809,051 3,507,077
9,030,907 7,966,699
Creditors
Amounts falling due within one year 8 28,379,134 27,795,646
Net current liabilities (19,348,227 ) (19,828,947 )
Total assets less current liabilities 60,184,807 57,483,223

Creditors
Amounts falling due after more than one
year

9

(3,116,778

)

(2,649,456

)

Provisions for liabilities (12,241,277 ) (9,199,718 )
Net assets 44,826,752 45,634,049

Capital and reserves
Called up share capital 105 105
Share premium 654,652 654,652
Fair value reserve 11 42,644,601 41,636,298
Retained earnings 1,527,394 3,342,994
Shareholders' funds 44,826,752 45,634,049

B & P PROPERTIES LIMITED (REGISTERED NUMBER: 02008068)

Balance Sheet - continued
31 March 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 29 November 2023 and were signed on its behalf by:





M A S Ponting - Director


B & P PROPERTIES LIMITED (REGISTERED NUMBER: 02008068)

Notes to the Financial Statements
for the year ended 31 March 2023


1. Statutory information

B & P Properties 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.

The financial statements are presented in Sterling, which is the functional currency of the company, rounded to the nearest £1.

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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about B & P Properties 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 represents net rental income.

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.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

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 balance sheet date.


B & P PROPERTIES LIMITED (REGISTERED NUMBER: 02008068)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The directors have made an assessment of the company's ability to continue as a going concern and have identified no material uncertainties that may cast a significant doubt on the ability of the company to continue as a going concern for the foreseeable future.

3. Employees and directors

The average number of employees during the year was 10 (2022 - 11 ) .

B & P PROPERTIES LIMITED (REGISTERED NUMBER: 02008068)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


4. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 April 2022 1,045,794
Additions 348,439
At 31 March 2023 1,394,233
Depreciation
At 1 April 2022 1,019,408
Charge for year 102,575
At 31 March 2023 1,121,983
Net book value
At 31 March 2023 272,250
At 31 March 2022 26,386

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£
Cost
At 1 April 2022
and 31 March 2023 16,600
Depreciation
At 1 April 2022
and 31 March 2023 16,600
Net book value
At 31 March 2023 -
At 31 March 2022 -

B & P PROPERTIES LIMITED (REGISTERED NUMBER: 02008068)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


5. Fixed asset investments
Shares in
group Other
undertakings investments Totals
£ £ £
Cost
At 1 April 2022
and 31 March 2023 654,752 120,780 775,532
Provisions
At 1 April 2022
and 31 March 2023 654,752 - 654,752
Net book value
At 31 March 2023 - 120,780 120,780
At 31 March 2022 - 120,780 120,780

6. Investment property
Total
£
Fair value
At 1 April 2022 77,165,004
Additions 1,097,797
Disposals (670,350 )
Revaluations 1,547,553
At 31 March 2023 79,140,004
Net book value
At 31 March 2023 79,140,004
At 31 March 2022 77,165,004

Investment properties were valued by the directors on an open market basis at 31 March 2023.

Fair value at 31 March 2023 is represented by:
£
Valuation in 2016 26,429,703
Valuation in 2017 2,699,945
Valuation in 2018 2,437,500
Valuation in 2019 1,100,000
Valuation in 2020 5,693,713
Valuation in 2021 799,378
Valuation in 2022 1,936,699
Valuation in 2023 1,538,350
Cost 36,504,716
79,140,004

B & P PROPERTIES LIMITED (REGISTERED NUMBER: 02008068)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


7. Debtors: amounts falling due within one year
31/3/23 31/3/22
£ £
Trade debtors 813,600 826,103
Other debtors 5,408,256 3,633,519
6,221,856 4,459,622

8. Creditors: amounts falling due within one year
31/3/23 31/3/22
£ £
Bank loans and overdrafts 25,039,023 25,146,593
Trade creditors 127,590 188,378
Amounts owed to group undertakings 30,010 30,010
Taxation and social security 938,369 538,521
Other creditors 2,244,142 1,892,144
28,379,134 27,795,646

Bank loans and overdrafts are secured by both a fixed and floating charge over the undertaking and all property and assets.

9. Creditors: amounts falling due after more than one year
31/3/23 31/3/22
£ £
Bank loans 3,116,778 2,649,456

10. Secured debts

The following secured debts are included within creditors:

31/3/23 31/3/22
£ £
Bank loans 28,155,801 27,796,049

11. Reserves
Fair value
reserve
£
At 1 April 2022 41,636,298
Reserve transfer 1,008,303

At 31 March 2023 42,644,601

12. Other financial commitments

The company has annual financial commitments in relation to operating leases amounting to £2,500 (2022 - £2,500.)

B & P PROPERTIES LIMITED (REGISTERED NUMBER: 02008068)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


13. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31/3/23 31/3/22
£ £
M A S Ponting
Balance outstanding at start of year 2,805,501 2,992,484
Amounts advanced 1,598,399 92,904
Amounts repaid (208,000 ) (279,887 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,195,900 2,805,501

A S Ponting
Balance outstanding at start of year 7,534 7,534
Amounts advanced 252 -
Amounts repaid (7,786 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 7,534

P A Ponting
Balance outstanding at start of year - -
Amounts advanced 538,722 78,113
Amounts repaid (538,722 ) (78,113 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -