Company Registration No. 13181524 (England and Wales)
Bmc Property Holdings Ltd
Unaudited accounts
for the year ended 31 December 2023
Bmc Property Holdings Ltd
Unaudited accounts
Contents
Bmc Property Holdings Ltd
Company Information
for the year ended 31 December 2023
Company Number
13181524 (England and Wales)
Registered Office
Libbear Barton
Shebbear
Beaworthy
EX21 5SZ
England
Bmc Property Holdings Ltd
Statement of financial position
as at 31 December 2023
Investment property
2,079,943
1,893,822
Cash at bank and in hand
63,719
8,101
Creditors: amounts falling due within one year
(482,729)
(548,787)
Net current liabilities
(170,167)
(291,843)
Total assets less current liabilities
1,909,776
1,601,979
Creditors: amounts falling due after more than one year
(1,309,838)
(1,259,350)
Net assets
599,938
342,629
Called up share capital
100
100
Revaluation reserve
592,465
436,879
Profit and loss account
7,373
(94,350)
Shareholders' funds
599,938
342,629
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 13 July 2024 and were signed on its behalf by
Max Manners
Director
Company Registration No. 13181524
Bmc Property Holdings Ltd
Notes to the Accounts
for the year ended 31 December 2023
Bmc Property Holdings Ltd is a private company, limited by shares, registered in England and Wales, registration number 13181524. The registered office is Libbear Barton, Shebbear, Beaworthy, EX21 5SZ, 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.
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.
Fair value at 1 January 2023
1,893,822
Net gain from fair value adjustments
155,586
At 31 December 2023
2,079,943
Amounts falling due within one year
Other debtors
248,843
248,843
Bmc Property Holdings Ltd
Notes to the Accounts
for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
2,875
5,047
Taxes and social security
-
1,839
Other creditors
40,660
43,453
Loans from directors
424,245
490,400
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
848,432
848,432
Amounts owed to group undertakings and other participating interests
461,406
410,918
8
Transactions with related parties
As at 31 December 2023 the company owed the directors, an amount of £424,245 (2022: £490,400).
Mr S Beazley and Mr M Manners, control the company by virtue of their shareholdings and directorships.
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).