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Registered Number: 06529081
England and Wales

 

 

 

BPM PROPERTY LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023
  2023   2022
    £ £   £ £
Fixed assets   1,501,598      1,421,703 
Current assets 116,232      170,323   
Creditors: amount falling due within one year (122,204)     (122,342)  
Net current liabilities   (5,972)     47,981 
Total assets less current liabilities   1,495,626      1,469,684 
Creditors: amount falling due after more than one year   (1,105,005)     (1,107,489)
Net assets   390,621      362,195 
 

         
Capital and reserves   390,621      362,195 
 
NOTES TO THE ACCOUNTS

General Information
BPM PROPERTY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06529081, registration address 36 Oldridge Road, London , SW12 8PJ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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:
Fixtures and Fittings 25 Percent Reducing Balance
Investment properties
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
2.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Total
  £   £
At 01 April 2022 2,619    2,619 
Additions  
Disposals  
At 31 March 2023 2,619    2,619 
Depreciation
At 01 April 2022 2,200    2,200 
Charge for year 105    105 
On disposals  
At 31 March 2023 2,305    2,305 
Net book values
Closing balance as at 31 March 2023 314    314 
Opening balance as at 01 April 2022 419    419 


3.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 April 2022 1,421,284    1,421,284 
Additions 80,000    80,000 
Transfer to/from tangible fixed assets  
Disposals  
At 31 March 2023 1,501,284    1,501,284 

4.

Average number of employees

Average number of employees during the year was 0 (2022 : 0).


For the period ended 31 March 2023  the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476

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 accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the board of directors on 06 April 2023 and were signed on its behalf by:


--------------------------------
Brian Everett
Director
1