Company Registration No. 09825228 (England and Wales)
Bullingham Services Limited
Unaudited accounts
for the year ended 31 October 2023
Bullingham Services Limited
Unaudited accounts
Contents
Bullingham Services Limited
Company Information
for the year ended 31 October 2023
Directors
Mr B Davies
Mrs K McMurray
Company Number
09825228 (England and Wales)
Registered Office
7 Bullingham Mansions
Pitt Street
London
W8 4JH
England
Bullingham Services Limited
Statement of financial position
as at 31 October 2023
Investment property
2,328,000
2,098,000
Cash at bank and in hand
7,400
414,215
Creditors: amounts falling due within one year
(5,209)
(22,673)
Net current assets
723,272
638,070
Total assets less current liabilities
3,052,807
2,736,728
Creditors: amounts falling due after more than one year
(2,188,723)
(2,034,968)
Provisions for liabilities
Deferred tax
(293,189)
(235,689)
Net assets
570,895
466,071
Called up share capital
4
4
Profit and loss account
570,891
466,067
Shareholders' funds
570,895
466,071
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by
Mr B Davies
Director
Company Registration No. 09825228
Bullingham Services Limited
Notes to the Accounts
for the year ended 31 October 2023
Bullingham Services Limited is a private company, limited by shares, registered in England and Wales, registration number 09825228. The registered office is 7 Bullingham Mansions, Pitt Street, London, W8 4JH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Computer equipment
3 Year Straight Line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised at the point of invoice.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
Bullingham Services Limited
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2022
1,558
-
1,558
At 31 October 2023
1,558
1,194
2,752
At 1 November 2022
900
-
900
Charge for the year
164
153
317
At 31 October 2023
1,064
153
1,217
At 31 October 2023
494
1,041
1,535
At 31 October 2022
658
-
658
Fair value at 1 November 2022
2,098,000
Net gain from fair value adjustments
230,000
At 31 October 2023
2,328,000
The Investment Properties are measured at fair value. The valuation was carried out by the directors at the balance sheet date, who have enough knowledge and understanding of the market to give a true and fair value.
Amounts falling due within one year
Amounts due from group undertakings etc.
709,946
236,978
Accrued income and prepayments
11,085
9,500
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
4,274
18,980
Bullingham Services Limited
Notes to the Accounts
for the year ended 31 October 2023
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
1,171,205
1,195,586
Loans from directors
1,017,518
839,382
Included within creditors is a bank loan of £693,387 which is secured over some of the properties within the Investment Property portfolio.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).