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REGISTERED NUMBER: 08405576 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

BWD PROPERTY LIMITED

BWD PROPERTY LIMITED (REGISTERED NUMBER: 08405576)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BWD PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: T A Matthews
Mrs S A Matthews





REGISTERED OFFICE: Sterling House
27 Hatchlands Road
Redhill
Surrey
RH1 6RW





REGISTERED NUMBER: 08405576 (England and Wales)





ACCOUNTANTS: GBJ Financial Limited
Sterling House
27 Hatchlands Road
Redhill
Surrey
RH1 6RW

BWD PROPERTY LIMITED (REGISTERED NUMBER: 08405576)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 400 600
Investments 5 335,000 335,000
Investment property 6 3,325,177 2,985,000
3,660,577 3,320,600

CURRENT ASSETS
Debtors 7 2,411 373
Cash at bank and in hand 111,519 295,646
113,930 296,019
CREDITORS
Amounts falling due within one year 8 46,362 43,500
NET CURRENT ASSETS 67,568 252,519
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,728,145

3,573,119

CREDITORS
Amounts falling due after more than one
year

9

2,599,237

2,401,581
NET ASSETS 1,128,908 1,171,538

CAPITAL AND RESERVES
Called up share capital 5 5
Fair value reserve 755,811 755,811
Retained earnings 373,092 415,722
SHAREHOLDERS' FUNDS 1,128,908 1,171,538

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

BWD PROPERTY LIMITED (REGISTERED NUMBER: 08405576)

BALANCE SHEET - continued
30 JUNE 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 21 February 2024 and were signed on its behalf by:





T A Matthews - Director


BWD PROPERTY LIMITED (REGISTERED NUMBER: 08405576)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

BWD Property 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 as modified by the revaluation of certain assets.

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.

Investments in associates
Investments in associate undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

BWD PROPERTY LIMITED (REGISTERED NUMBER: 08405576)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022
and 30 June 2023 1,499
DEPRECIATION
At 1 July 2022 899
Charge for year 200
At 30 June 2023 1,099
NET BOOK VALUE
At 30 June 2023 400
At 30 June 2022 600

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST OR VALUATION
At 1 July 2022
and 30 June 2023 335,000
NET BOOK VALUE
At 30 June 2023 335,000
At 30 June 2022 335,000

Cost or valuation at 30 June 2023 is represented by:

Interest
in
associate
£   
Valuation in 2020 334,666
Cost 334
335,000

BWD PROPERTY LIMITED (REGISTERED NUMBER: 08405576)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 2,985,000
Additions 340,177
At 30 June 2023 3,325,177
NET BOOK VALUE
At 30 June 2023 3,325,177
At 30 June 2022 2,985,000

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2023 3,325,177

If investment property had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 2,208,855 2,208,855

Investment property was valued on fair valuation basis on 30 June 2021 by Mr T.A Matthews .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,000 -
Prepayments 411 373
2,411 373

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Other creditors 29,100 25,801
Deferred income 890 2,266
Accrued expenses 6,372 5,433
46,362 43,500

BWD PROPERTY LIMITED (REGISTERED NUMBER: 08405576)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 2,043,294 1,774,149
Directors' loan accounts 555,943 627,432
2,599,237 2,401,581

10. RELATED PARTY DISCLOSURES

During the period under review the company was loaned money by Mr T.A Matthews, a shareholder and director of the company, the loan was unsecured and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr T.A Matthews.