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REGISTERED NUMBER: 04495463 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Balgores Property Services Limited

Balgores Property Services Limited (Registered number: 04495463)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

Balgores Property Services Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: P A Austin
M Gibbon
Mrs K Gibbon





SECRETARY: M Gibbon





REGISTERED OFFICE: 10 High Street
Wickford
Essex
RM11 1RL





REGISTERED NUMBER: 04495463 (England and Wales)





ACCOUNTANTS: Edison and Co
Chartered Certified Accountants
29 Herbert Road
Hornchurch
Essex
RM11 3LH

Balgores Property Services Limited (Registered number: 04495463)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 150,417 178,444

CURRENT ASSETS
Debtors 5 797,158 844,276
Cash at bank and in hand 2,597,911 2,463,811
3,395,069 3,308,087
CREDITORS
Amounts falling due within one year 6 547,841 707,466
NET CURRENT ASSETS 2,847,228 2,600,621
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,997,645

2,779,065

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 7 2,997,543 2,778,963
SHAREHOLDERS' FUNDS 2,997,645 2,779,065

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Balgores Property Services Limited (Registered number: 04495463)

Statement of Financial Position - continued
31 December 2023


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 19 August 2024 and were signed on its behalf by:





M Gibbon - Director


Balgores Property Services Limited (Registered number: 04495463)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Balgores Property Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents net invoiced sales of services excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - in accordance with the property
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 58 (2022 - 62 ) .

Balgores Property Services Limited (Registered number: 04495463)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 59,482 456,743 37,164 553,389
Additions - 12,291 - 12,291
At 31 December 2023 59,482 469,034 37,164 565,680
DEPRECIATION
At 1 January 2023 58,366 307,288 9,291 374,945
Charge for year 1,000 32,350 6,968 40,318
At 31 December 2023 59,366 339,638 16,259 415,263
NET BOOK VALUE
At 31 December 2023 116 129,396 20,905 150,417
At 31 December 2022 1,116 149,455 27,873 178,444

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 300,769 168,348
Other debtors 496,389 675,928
797,158 844,276

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 99,351 99,619
Taxation and social security 402,148 423,782
Other creditors 46,342 184,065
547,841 707,466

7. RESERVES
Retained
earnings
£   

At 1 January 2023 2,778,963
Profit for the year 458,580
Dividends (240,000 )
At 31 December 2023 2,997,543

Balgores Property Services Limited (Registered number: 04495463)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £240,000 were paid to the directors .

The directors were owed £32,105 by the company at the year end.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Balgores Property Services Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Balgores Property Services Limited for the year ended 31 December 2023 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Balgores Property Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Balgores Property Services Limited and state those matters that we have agreed to state to the Board of Directors of Balgores Property Services Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Balgores Property Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Balgores Property Services Limited. You consider that Balgores Property Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Balgores Property Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Edison and Co
Chartered Certified Accountants
29 Herbert Road
Hornchurch
Essex
RM11 3LH


19 August 2024