Company Registration No. 09128686 (England and Wales)
Batlon Properties Limited
Unaudited accounts
for the year ended 30 November 2023
Batlon Properties Limited
Unaudited accounts
Contents
Batlon Properties Limited
Company Information
for the year ended 30 November 2023
Directors
Mr. Manga Singh Dhillon
Mr. Amarjeet Rai
Company Number
09128686 (England and Wales)
Registered Office
Unit B Endeavour Park
London Road
Addington West Malling
Kent
ME19 5SH
United Kingdom
Batlon Properties Limited
Statement of financial position
as at 30 November 2023
Investments
700,000
700,000
Cash at bank and in hand
12,261
45,357
Creditors: amounts falling due within one year
(89,798)
(85,132)
Net current liabilities
(66,884)
(24,110)
Total assets less current liabilities
633,116
675,890
Creditors: amounts falling due after more than one year
(520,607)
(575,559)
Net assets
112,509
100,331
Called up share capital
2
2
Profit and loss account
112,507
100,329
Shareholders' funds
112,509
100,331
For the year ending 30 November 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 directors acknowledge their 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 of Directors and authorised for issue on 26 February 2024 and were signed on its behalf by
Mr. Manga Singh Dhillon
Director
Company Registration No. 09128686
Batlon Properties Limited
Notes to the Accounts
for the year ended 30 November 2023
Batlon Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 09128686. The registered office is Unit B Endeavour Park, London Road, Addington West Malling, Kent, ME19 5SH, United Kingdom.
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.
4
Investments
Other investments
Valuation at 1 December 2022
700,000
Valuation at 30 November 2023
700,000
Freehold property has been revalued at £700,000 based on rent yields in the prevailing bank interest rates.
Amounts falling due within one year
Deferred tax asset
10,653
10,653
Accrued income and prepayments
-
5,012
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
70,193
61,800
Taxes and social security
9,154
13,242
Other creditors
10,451
10,090
Batlon Properties Limited
Notes to the Accounts
for the year ended 30 November 2023
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
245,206
300,158
Amounts owed to group undertakings and other participating interests
275,401
275,401
The bank loans and overdrafts are secured against assets of the company. The company have loans with HSBC Bank of £245207.
The company is controlled by J & R Corporation Ltd which is registered in England.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).