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Registered Number: 13215826
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 29 February 2024

for

BGB PROPERTY SOLUTION LTD

Directors Gurpal Singh Bhambra
Daljit Kaur Sira
Registered Number 13215826
Registered Office 20-22 Wenlock Road
London
N1 7GU
Accountants FBD Consultancy Accounts & Tax Ltd.
4 Glasgow Road
Bonnybridge
FK4 1QF
1
Director's report and financial statements
The directors present their report and accounts for the year ended 29 February 2024.
Directors
The directors who served the company throughout the year were as follows:
Gurpal Singh Bhambra
Daljit Kaur Sira
Statement of directors' responsibilities
The directors are responsible for preparing the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102 and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
  • select suitable accounting policies and then apply them consistently
  • make judgements and estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.


The directors are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small company provisions

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

This report was approved by the board and signed on its behalf by:


----------------------------------
Daljit Kaur Sira
Director

Date approved: 14 August 2024
2
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of BGB Property Solution Ltd for the year ended 29 February 2024 on pages 7-9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020.


Our work has been undertaken in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020.




....................................................
FBD Consultancy Accounts & Tax Ltd.
4 Glasgow Road
Bonnybridge
FK4 1QF
14 August 2024
3
  2024   2023
    £ £   £ £
Fixed assets   202,827      202,976 
Current assets 3,044      7,134   
Creditors: amount falling due within one year (122,052)     (129,567)  
Net current assets   (119,008)     (122,433)
Total assets less current liabilities   83,819      80,543 
Creditors: amount falling due after more than one year   (116,980)     (116,980)
Net assets   (33,161)     (36,437)
 

         
Capital and reserves   (33,161)     (36,437)
 
NOTES TO THE ACCOUNTS

General Information
BGB Property Solution Ltd is a private company, limited by shares, registered in England and Wales, registration number 13215826, registration address 20-22 Wenlock Road, London, N1 7GU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
2.

Tangible fixed assets

Cost or valuation Computer Equipment   Investment properties   Total
  £   £   £
At 01 March 2023 594    202,680    203,274 
Additions    
Disposals    
At 29 February 2024 594    202,680    203,274 
Depreciation
At 01 March 2023 298      298 
Charge for year 149      149 
On disposals    
At 29 February 2024 447      447 
Net book values
Closing balance as at 29 February 2024 147    202,680    202,827 
Opening balance as at 01 March 2023 296    202,680    202,976 


3.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).


For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

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.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 14 August 2024 and were signed on its behalf by:


--------------------------------
Daljit Kaur Sira
Director
4