Company Registration No. 12996541 (England and Wales)
BK PROPERTIES CHORLEY LTD
Unaudited accounts
for the year ended 30 November 2023
BK PROPERTIES CHORLEY LTD
Statement of financial position
as at 30 November 2023
Investment property
376,838
584,683
Cash at bank and in hand
14,616
6,569
Creditors: amounts falling due within one year
(128,128)
(238,312)
Net current liabilities
(113,512)
(230,193)
Total assets less current liabilities
263,326
354,490
Creditors: amounts falling due after more than one year
(235,703)
(352,423)
Called up share capital
2
2
Profit and loss account
27,621
2,065
Shareholders' funds
27,623
2,067
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 23 August 2024 and were signed on its behalf by
BIJUMON KURIAN
Director
Company Registration No. 12996541
BK PROPERTIES CHORLEY LTD
Notes to the Accounts
for the year ended 30 November 2023
BK PROPERTIES CHORLEY LTD is a private company, limited by shares, registered in England and Wales, registration number 12996541. The registered office is 128 Preston Road, Chorley, Chorley, Lancashire, PR6 7AU, 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.
Investment property, held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit/loss.
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.
The annual, fixed rate interest only mortgage payments applies to two properties.
Fair value at 1 December 2022
584,683
At 30 November 2023
376,838
Amounts falling due within one year
Accrued income and prepayments
-
1,550
BK PROPERTIES CHORLEY LTD
Notes to the Accounts
for the year ended 30 November 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
5,995
484
Loans from directors
121,508
235,703
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
235,703
111,605
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).