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REGISTERED NUMBER: 05267722 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 March 2024

for

Byron House Properties Limited

Byron House Properties Limited (Registered number: 05267722)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Byron House Properties Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs M C Fawcett
Mrs A C Harrison





SECRETARY: Mrs A C Harrison





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY





REGISTERED NUMBER: 05267722 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

Byron House Properties Limited (Registered number: 05267722)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,033 2,381
Investment property 5 775,000 775,000
781,033 777,381

CURRENT ASSETS
Debtors 6 5,678 1,016
Cash at bank and in hand 104,369 95,841
110,047 96,857
CREDITORS
Amounts falling due within one year 7 17,317 14,850
NET CURRENT ASSETS 92,730 82,007
TOTAL ASSETS LESS CURRENT LIABILITIES 873,763 859,388

PROVISIONS FOR LIABILITIES 44,223 33,291
NET ASSETS 829,540 826,097

CAPITAL AND RESERVES
Called up share capital 8 415,001 415,001
Undistributable reserves 9 316,923 327,161
Retained earnings 9 97,616 83,935
SHAREHOLDERS' FUNDS 829,540 826,097

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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

Byron House Properties Limited (Registered number: 05267722)

Balance Sheet - continued
31 March 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 6 August 2024 and were signed on its behalf by:





Mrs A C Harrison - Director


Byron House Properties Limited (Registered number: 05267722)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Byron House Properties Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33.33% on cost

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 1 (2023 - 1 ) .

Byron House Properties Limited (Registered number: 05267722)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 27,412 1,130 28,542
Additions 4,914 - 4,914
Disposals (3,509 ) - (3,509 )
At 31 March 2024 28,817 1,130 29,947
DEPRECIATION
At 1 April 2023 25,031 1,130 26,161
Charge for year 1,136 - 1,136
Eliminated on disposal (3,383 ) - (3,383 )
At 31 March 2024 22,784 1,130 23,914
NET BOOK VALUE
At 31 March 2024 6,033 - 6,033
At 31 March 2023 2,381 - 2,381

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 775,000
NET BOOK VALUE
At 31 March 2024 775,000
At 31 March 2023 775,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2015 257,711
Valuation in 2016 38,896
Valuation in 2017 63,393
Cost 415,000
775,000

If the investment properties had not been revalued they would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 415,000 415,000

The investment properties were valued on an open market basis on 31 March 2024 by the directors .

Byron House Properties Limited (Registered number: 05267722)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 4,610 -
Prepayments 1,068 1,016
5,678 1,016

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 2,564 5,638
Social security and other taxes 824 851
Other creditors 4,610 480
Directors' current accounts 7,075 6,871
Accrued expenses 2,244 1,010
17,317 14,850

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
15,001 Ordinary A £1 15,001 15,001
400,000 Ordinary B £1 400,000 400,000
415,001 415,001

9. RESERVES
Retained Undistributable
earnings reserves Totals
£    £    £   

At 1 April 2023 83,935 327,161 411,096
Profit for the year 3,443 3,443
Assets revalued in period 10,238 (10,238 ) -
At 31 March 2024 97,616 316,923 414,539