IRIS Accounts Production v24.1.9.2 11210007 Board of Directors Board of Directors 1.3.23 29.2.24 29.2.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh112100072023-02-28112100072024-02-29112100072023-03-012024-02-29112100072022-02-28112100072022-03-012023-02-28112100072023-02-2811210007ns15:EnglandWales2023-03-012024-02-2911210007ns14:PoundSterling2023-03-012024-02-2911210007ns10:Director12023-03-012024-02-2911210007ns10:Director22023-03-012024-02-2911210007ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2911210007ns10:SmallEntities2023-03-012024-02-2911210007ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2911210007ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2911210007ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2911210007ns10:FullAccounts2023-03-012024-02-2911210007ns10:RegisteredOffice2023-03-012024-02-2911210007ns5:CurrentFinancialInstruments2024-02-2911210007ns5:CurrentFinancialInstruments2023-02-2811210007ns5:Non-currentFinancialInstruments2024-02-2911210007ns5:Non-currentFinancialInstruments2023-02-2811210007ns5:ShareCapital2024-02-2911210007ns5:ShareCapital2023-02-2811210007ns5:RetainedEarningsAccumulatedLosses2024-02-2911210007ns5:RetainedEarningsAccumulatedLosses2023-02-2811210007ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2911210007ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-28
REGISTERED NUMBER: 11210007 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

BAP Joseph Properties Ltd

BAP Joseph Properties Ltd (Registered number: 11210007)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BAP Joseph Properties Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: A P Joseph
Mrs A Joseph





REGISTERED OFFICE: 119 St Owens Street
Hereford
HR1 2JW





REGISTERED NUMBER: 11210007 (England and Wales)





ACCOUNTANTS: R J Francis & Co
Suites 1 & 2
Marshall Business Centre
Faraday Road
Hereford
Herefordshire
HR4 9NS

BAP Joseph Properties Ltd (Registered number: 11210007)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 382,213 382,213

CURRENT ASSETS
Debtors 5 739 564
Cash at bank 1,216 4,669
1,955 5,233
CREDITORS
Amounts falling due within one year 6 14,445 14,675
NET CURRENT LIABILITIES (12,490 ) (9,442 )
TOTAL ASSETS LESS CURRENT LIABILITIES 369,723 372,771

CREDITORS
Amounts falling due after more than one
year

7

355,338

362,719
NET ASSETS 14,385 10,052

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 14,384 10,051
14,385 10,052

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

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.

BAP Joseph Properties Ltd (Registered number: 11210007)

Balance Sheet - continued
29 February 2024


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 Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:




A P Joseph - Director



Mrs A Joseph - Director


BAP Joseph Properties Ltd (Registered number: 11210007)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

BAP Joseph Properties 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 2 (2023 - 2 ) .

BAP Joseph Properties Ltd (Registered number: 11210007)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 382,213
NET BOOK VALUE
At 29 February 2024 382,213
At 28 February 2023 382,213

The investment properties were valued on an open market basis on 28 February 2024 by Mr A Joseph and Mrs A Joseph, directors.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 739 564

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 1,018 1,507
Other creditors 13,427 13,168
14,445 14,675

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 355,338 362,719

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 307,338 314,719

8. RELATED PARTY DISCLOSURES

Included in other creditors is an amount due to a company, in which a director of Bap Joseph Properties Ltd is also a director. The balance at the end of year was £367,338 (2023 - £374,719). Interest is charged on the loan at 4%.