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REGISTERED NUMBER: 11795926 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Bequest Properties Limited

Bequest Properties Limited (Registered number: 11795926)






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


Bequest Properties Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: A East
J K Harris





REGISTERED OFFICE: c/o Charnwood Accountants
The Point, Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ





REGISTERED NUMBER: 11795926 (England and Wales)





ACCOUNTANTS: Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ

Bequest Properties Limited (Registered number: 11795926)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,704 13,878
Investment property 5 781,153 775,734
791,857 789,612

CURRENT ASSETS
Debtors 6 36,952 33,043
Cash at bank 84,352 42,022
121,304 75,065
CREDITORS
Amounts falling due within one year 7 258,244 239,759
NET CURRENT LIABILITIES (136,940 ) (164,694 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

654,917

624,918

CREDITORS
Amounts falling due after more than one year 8 581,626 581,590
NET ASSETS 73,291 43,328

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 73,191 43,228
SHAREHOLDERS' FUNDS 73,291 43,328

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.

Bequest Properties Limited (Registered number: 11795926)

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 22 January 2024 and were signed on its behalf by:





A East - Director


Bequest Properties Limited (Registered number: 11795926)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Bequest 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.

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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Bequest Properties Limited (Registered number: 11795926)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 July 2022 8,486 11,000 19,486
Additions 384 - 384
At 30 June 2023 8,870 11,000 19,870
DEPRECIATION
At 1 July 2022 1,999 3,609 5,608
Charge for year 1,710 1,848 3,558
At 30 June 2023 3,709 5,457 9,166
NET BOOK VALUE
At 30 June 2023 5,161 5,543 10,704
At 30 June 2022 6,487 7,391 13,878

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 775,734
Additions 5,419
At 30 June 2023 781,153
NET BOOK VALUE
At 30 June 2023 781,153
At 30 June 2022 775,734

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Amounts owed by associates 30,993 31,842
Other debtors 5,959 1,201
36,952 33,043

Bequest Properties Limited (Registered number: 11795926)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 1,370 3,398
Amounts owed to associates 75,589 76,128
Taxation and social security 7,773 4,603
Other creditors 173,512 155,630
258,244 239,759

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 581,626 581,590