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REGISTERED NUMBER: 11443892 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Bita Property Ltd

Bita Property Ltd (Registered number: 11443892)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bita Property Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: B Bahmani





REGISTERED OFFICE: Surrey Research Park (Communere Ltd)
40 Occam Road
Guildford
Surrey
GU2 7YG





REGISTERED NUMBER: 11443892 (England and Wales)

Bita Property Ltd (Registered number: 11443892)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 420,553 420,995

CURRENT ASSETS
Debtors 5 24 -
Cash at bank 16,688 16,251
16,712 16,251
CREDITORS
Amounts falling due within one year 6 143,841 149,160
NET CURRENT LIABILITIES (127,129 ) (132,909 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

293,424

288,086

CREDITORS
Amounts falling due after more than one
year

7

300,311

301,641
NET LIABILITIES (6,887 ) (13,555 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (6,889 ) (13,557 )
(6,887 ) (13,555 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 director and authorised for issue on 8 March 2024 and were signed by:





B Bahmani - Director


Bita Property Ltd (Registered number: 11443892)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Bita Property 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.

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.

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 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 419,227 4,101 423,328
DEPRECIATION
At 1 August 2022 - 2,333 2,333
Charge for year - 442 442
At 31 July 2023 - 2,775 2,775
NET BOOK VALUE
At 31 July 2023 419,227 1,326 420,553
At 31 July 2022 419,227 1,768 420,995

Bita Property Ltd (Registered number: 11443892)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments and accrued income 24 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,330 1,297
Amounts owed to participating interests 141,568 141,568
Directors' current accounts 129 5,575
Accrued expenses 814 720
143,841 149,160

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 2,292 3,622
Other loans more 5yrs non-inst 298,019 298,019
300,311 301,641

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 298,019 298,019

8. RELATED PARTY DISCLOSURES

Communere Limited

A company in which Mr B Bahmani is a shareholder


There was no change to the intercompany loan during the year, the balance at the year end remained at £141,568, is interest free and repayable on demand.