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REGISTERED NUMBER: 04452444 (England and Wales)





















BISHOPS ESTATE MANAGEMENT LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






BISHOPS ESTATE MANAGEMENT LTD (REGISTERED NUMBER: 04452444)

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










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


BISHOPS ESTATE MANAGEMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mrs V L Bigley





SECRETARY: Mrs V L Bigley





REGISTERED OFFICE: 22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ





REGISTERED NUMBER: 04452444 (England and Wales)





ACCOUNTANTS: Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

BISHOPS ESTATE MANAGEMENT LTD (REGISTERED NUMBER: 04452444)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,434,356 1,738,807

CURRENT ASSETS
Debtors 5 330 330
Cash at bank 12,477 13,087
12,807 13,417
CREDITORS
Amounts falling due within one year 6 384,490 547,787
NET CURRENT LIABILITIES (371,683 ) (534,370 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,062,673 1,204,437

CREDITORS
Amounts falling due after more than one year 7 685,225 812,095
NET ASSETS 377,448 392,342

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 376,448 391,342
SHAREHOLDERS' FUNDS 377,448 392,342

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 director acknowledges her 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.

BISHOPS ESTATE MANAGEMENT LTD (REGISTERED NUMBER: 04452444)

BALANCE SHEET - continued
31 MARCH 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 January 2024 and were signed by:





Mrs V L Bigley - Director


BISHOPS ESTATE MANAGEMENT LTD (REGISTERED NUMBER: 04452444)

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


1. STATUTORY INFORMATION

Bishops Estate Management Ltd 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

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.
Freehold property - not provided
Fixtures and fittings - 25% on reducing balance
Office equipmt - 25% on reducing balance

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.

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.

BISHOPS ESTATE MANAGEMENT LTD (REGISTERED NUMBER: 04452444)

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


2. ACCOUNTING POLICIES - continued

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Office
property fittings equipmt Totals
£    £    £    £   
COST
At 1 April 2022 1,738,710 1,238 56 1,740,004
Disposals (304,427 ) - - (304,427 )
At 31 March 2023 1,434,283 1,238 56 1,435,577
DEPRECIATION
At 1 April 2022 - 1,145 52 1,197
Charge for year - 23 1 24
At 31 March 2023 - 1,168 53 1,221
NET BOOK VALUE
At 31 March 2023 1,434,283 70 3 1,434,356
At 31 March 2022 1,738,710 93 4 1,738,807

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 330 330

BISHOPS ESTATE MANAGEMENT LTD (REGISTERED NUMBER: 04452444)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 12,666 16,667
Trade creditors 21,830 46,591
Taxation and social security 29,510 29,340
Other creditors 320,484 455,189
384,490 547,787

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 685,225 812,095

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Lloyds Bank loans - 812,095
Paragon bank loans 685,225 -
685,225 812,095

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
750 A Ordinary £1 750 750
125 B Ordinary £1 125 125
125 C Ordinary £1 125 125
1,000 1,000