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REGISTERED NUMBER: 08938313 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

BCR DEVELOPMENTS LTD

BCR DEVELOPMENTS LTD (REGISTERED NUMBER: 08938313)

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










Page

Balance sheet 1

Notes to the financial statements 3


BCR DEVELOPMENTS LTD (REGISTERED NUMBER: 08938313)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 8,993 8,540
Investment property 5 7,131,739 7,185,976
7,140,732 7,194,516

Current assets
Debtors 6 12,564 11,977
Cash at bank 230,277 140,501
242,841 152,478
Creditors
Amounts falling due within one year 7 3,378,914 5,186,570
Net current liabilities (3,136,073 ) (5,034,092 )
Total assets less current liabilities 4,004,659 2,160,424

Creditors
Amounts falling due after more than one year 8 (2,345,086 ) (543,760 )

Provisions for liabilities 10 (249,576 ) (249,556 )
Net assets 1,409,997 1,367,108

Capital and reserves
Called up share capital 11 100 100
Fair value reserve 12 834,916 835,194
Retained earnings 574,981 531,814
Shareholders' funds 1,409,997 1,367,108

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BCR DEVELOPMENTS LTD (REGISTERED NUMBER: 08938313)

BALANCE SHEET - continued
30 SEPTEMBER 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 27 February 2024 and were signed by:





Mr D Webb - Director


BCR DEVELOPMENTS LTD (REGISTERED NUMBER: 08938313)

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


1. Statutory information

BCR Developments Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 08938313. The registered office is 7 & 8 Church Street, Wimborne, BH21 1JH and business address is 90 Richmond Park Avenue, Queens Park, Bournemouth BH8 9DR.

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 represents rental income received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at cost in the year of acquisition and at the most recent valuation in subsequent years. Any aggregate surplus or deficit arising from changes in fair value is recognised within other comprehensive income.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

BCR DEVELOPMENTS LTD (REGISTERED NUMBER: 08938313)

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


4. Tangible fixed assets
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
At 1 October 2022 6,346 20,000 26,346
Additions - 3,450 3,450
At 30 September 2023 6,346 23,450 29,796
Depreciation
At 1 October 2022 4,134 13,672 17,806
Charge for year 553 2,444 2,997
At 30 September 2023 4,687 16,116 20,803
Net book value
At 30 September 2023 1,659 7,334 8,993
At 30 September 2022 2,212 6,328 8,540

5. Investment property
Total
£   
Fair value
At 1 October 2022 7,185,976
Additions 279,212
Disposals (333,449 )
At 30 September 2023 7,131,739
Net book value
At 30 September 2023 7,131,739
At 30 September 2022 7,185,976

Fair value at 30 September 2023 is represented by:
£   
Valuation in 2016 46,720
Valuation in 2017 2,227
Valuation in 2020 510,708
Valuation in 2021 360,181
Valuation in 2022 86,866
Valuation in 2023 (371 )
Cost 6,125,408
7,131,739

The director has valued the investment property based on current market conditions.

BCR DEVELOPMENTS LTD (REGISTERED NUMBER: 08938313)

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


6. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors 5,715 5,640
Prepayments and accrued income 6,849 6,337
12,564 11,977

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 34,914 1,845,436
Tax 16,018 29,819
Other creditors 3,244,768 3,156,038
Directors' current accounts 65,735 149,575
Accruals and deferred income 17,479 5,702
3,378,914 5,186,570

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 2,345,086 543,760

9. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 2,380,000 2,389,196

Bank loans are secured by way of floating charges on a number of the investment properties, in favour of Lloyds Bank Plc

10. Provisions for liabilities
2023 2022
£    £   
Deferred tax 249,576 249,556

Deferred
tax
£   
Balance at 1 October 2022 249,556
Charge to Income statement during year 113
Revaluation gain (93 )
Balance at 30 September 2023 249,576

BCR DEVELOPMENTS LTD (REGISTERED NUMBER: 08938313)

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


11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
25 "A" Ordinary £1 25 25
25 "B" Ordinary £1 25 25
25 "C" Ordinary £1 25 25
25 "D" Ordinary £1 25 25
100 100

12. Reserves
Fair
value
reserve
£   
At 1 October 2022 835,194
Transfer of reserves (371 )
Net revaluation 93

At 30 September 2023 834,916

13. Ultimate controlling party

The director, Mr D Webb, is deemed to have ultimate control of the company as together with his immediate family they own 100% of the issued share capital.