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REGISTERED NUMBER: 02269030 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

BABER PROPERTIES LIMITED

BABER PROPERTIES LIMITED (REGISTERED NUMBER: 02269030)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BABER PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: Mrs C Turner





SECRETARY: P Turner





REGISTERED OFFICE: 223 South Coast Road
Peacehaven
East Sussex
BN10 8LB





REGISTERED NUMBER: 02269030 (England and Wales)





ACCOUNTANTS: Robinsons, Chartered Accountants
223 South Coast Road
Peacehaven
East Sussex
BN10 8LB

BABER PROPERTIES LIMITED (REGISTERED NUMBER: 02269030)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,664 2,658
Investment property 5 2,298,700 2,340,200
2,302,364 2,342,858

CURRENT ASSETS
Investments 6 6,130 6,130
Cash at bank 140,600 206,321
146,730 212,451
CREDITORS
Amounts falling due within one year 7 46,087 151,364
NET CURRENT ASSETS 100,643 61,087
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,403,007

2,403,945

PROVISIONS FOR LIABILITIES 169,241 175,226
NET ASSETS 2,233,766 2,228,719

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 2,232,766 2,227,719
SHAREHOLDERS' FUNDS 2,233,766 2,228,719

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

BABER PROPERTIES LIMITED (REGISTERED NUMBER: 02269030)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 December 2023 and were signed by:





Mrs C Turner - Director


BABER PROPERTIES LIMITED (REGISTERED NUMBER: 02269030)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023


1. STATUTORY INFORMATION

Baber Properties 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 as modified by the revaluation of certain assets.

Turnover
Turnover is recognised at the fair value of the consideration received and represents rental income received by the company from its investment properties.

Property, plant and equipment
Property, plant and equipment are initially measured at cost and subsequently measured at cost of valuation, net of depreciation any any impairment losses.

The gain or loss arising o the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Investment properties
Investment properties, which is a property held to earn rentals and/or 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 or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade debtors and creditors, and loans from banks and other third parties.

BABER PROPERTIES LIMITED (REGISTERED NUMBER: 02269030)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2022 20,694 11,238 31,932
Additions - 1,652 1,652
At 31 August 2023 20,694 12,890 33,584
DEPRECIATION
At 1 September 2022 19,893 9,381 29,274
Charge for year 120 526 646
At 31 August 2023 20,013 9,907 29,920
NET BOOK VALUE
At 31 August 2023 681 2,983 3,664
At 31 August 2022 801 1,857 2,658

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022 2,340,200
Revaluations (41,500 )
At 31 August 2023 2,298,700
NET BOOK VALUE
At 31 August 2023 2,298,700
At 31 August 2022 2,340,200

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2023 2,298,700

Investment property comprises residential rental property. The fair value of the investment property has been arrived at on the basis of a valuation by the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Other investments 6,130 6,130

BABER PROPERTIES LIMITED (REGISTERED NUMBER: 02269030)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 23,068 21,482
Other creditors 23,019 129,882
46,087 151,364

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary 1 1,000 1,000