REGISTERED NUMBER: |
Business Standard Assets Ltd |
Unaudited Financial Statements |
for the Year Ended 31 October 2023 |
REGISTERED NUMBER: |
Business Standard Assets Ltd |
Unaudited Financial Statements |
for the Year Ended 31 October 2023 |
Business Standard Assets Ltd (Registered number: 13661818) |
Contents of the Financial Statements |
for the year ended 31 October 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Business Standard Assets Ltd |
Company Information |
for the year ended 31 October 2023 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
New Derwent House |
69-73 Theobalds Road |
London |
WC1X 8TA |
Business Standard Assets Ltd (Registered number: 13661818) |
Balance Sheet |
31 October 2023 |
2023 | 2022 |
Notes | € | € | € | € |
Fixed assets |
Investment property | 4 |
Current assets |
Cash at bank |
Creditors |
Amounts falling due within one year | 5 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities |
Capital and reserves |
Called up share capital | 6 |
Retained earnings | 7 |
Shareholders' funds |
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. |
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 |
Business Standard Assets Ltd (Registered number: 13661818) |
Notes to the Financial Statements |
for the year ended 31 October 2023 |
1. | Statutory information |
Business Standard Assets Ltd is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover comprises revenue recognised by the company in respect of rents receivable. |
Investment property |
Investment properties are included in the Balance sheet at their open market value in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company. |
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. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Investment property |
Total |
€ |
Fair value |
At 1 November 2022 |
and 31 October 2023 |
Net book value |
At 31 October 2023 |
At 31 October 2022 |
The investment property is valued by the director at 31 October 2022. |
5. | Creditors: amounts falling due within one year |
2023 | 2022 |
€ | € |
Taxation and social security |
Other creditors |
Business Standard Assets Ltd (Registered number: 13661818) |
Notes to the Financial Statements - continued |
for the year ended 31 October 2023 |
6. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | € | € |
Ordinary | £1 | 125 | 125 |
7. | Reserves |
Retained |
earnings |
€ |
At 1 November 2022 |
Deficit for the year | ( |
) |
At 31 October 2023 |