Registered number
10484419
Bilsby Properties Ltd
Filleted Accounts
30 November 2023
Bilsby Properties Ltd
Registered number: 10484419
Balance Sheet
as at 30 November 2023
Restated
Notes 2023 2022
£ £
Current assets
Stocks 3,150,620 1,525,705
Cash at bank and in hand 4,617 19,707
3,155,237 1,545,412
Creditors: amounts falling due within one year 3 (500,667) (500,000)
Net current assets 2,654,570 1,045,412
Total assets less current liabilities 2,654,570 1,045,412
Creditors: amounts falling due after more than one year 4 (2,547,580) (936,950)
Net assets 106,990 108,462
Capital and reserves
Called up share capital 2 2
Profit and loss account 106,988 108,460
Shareholder's funds 106,990 108,462
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Westcott
Director
Approved by the board on 30 July 2024
Bilsby Properties Ltd
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 6 -
Other creditors 500,661 500,000
500,667 500,000
4 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 2,547,580 936,950
5 Related party transactions
At the balance sheet date, an amount of £730,000 was due to Land & Property (Luton) Limited (2022: £730,000), a company of which Mr D Westcott, Mr A Westcott and Ms J Hurley are directors.

At the balance sheet date, an amount of £1,816,950 was due to Chapel Green Properties Ltd (2022: £206,950), a company of which Mr D Westcott, Mr A Westcott and Ms J Hurley are directors.
6 Other information
Bilsby Properties Ltd is a private company limited by shares and incorporated in England. Its registered office is:
16 Park Street
Luton
LU1 3EP
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