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REGISTERED NUMBER: 09852457 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Bearwood Park Property Limited

Bearwood Park Property Limited (Registered number: 09852457)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bearwood Park Property Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mr R Langton





REGISTERED OFFICE: Office @ The Homestead 36 Sitwell Street
Spondon
Derby
Derbyshire
DE21 7FE





REGISTERED NUMBER: 09852457 (England and Wales)





ACCOUNTANTS: Underwood Green
Pinnacle House
1 Pinnacle Way
Derby
Derbyshire
DE24 8ZS

Bearwood Park Property Limited (Registered number: 09852457)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,000 50,000
Investment property 5 705,000 705,000
755,000 755,000

CURRENT ASSETS
Debtors 6 112,440 5,075
Cash at bank - 23
112,440 5,098
CREDITORS
Amounts falling due within one year 7 625,582 508,178
NET CURRENT LIABILITIES (513,142 ) (503,080 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

241,858

251,920

CREDITORS
Amounts falling due after more than one
year

8

(270,786

)

(278,613

)

PROVISIONS FOR LIABILITIES (27,531 ) (20,924 )
NET LIABILITIES (56,459 ) (47,617 )

CAPITAL AND RESERVES
Called up share capital 9 150 150
Non distributable reserve 82,593 89,200
Retained earnings (139,202 ) (136,967 )
SHAREHOLDERS' FUNDS (56,459 ) (47,617 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Bearwood Park Property Limited (Registered number: 09852457)

Balance Sheet - continued
30 November 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 director and authorised for issue on 30 August 2024 and were signed by:





Mr R Langton - Director


Bearwood Park Property Limited (Registered number: 09852457)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Bearwood Park Property 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.

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in the market value is recognised in the profit and loss account.

A transfer is made from retained earnings to the non-distributable reserve for the amount of any market value surplus or deficit net of deferred tax provided.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Bearwood Park Property Limited (Registered number: 09852457)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 December 2022 50,000
Additions 93,699
Disposals (93,699 )
At 30 November 2023 50,000
NET BOOK VALUE
At 30 November 2023 50,000
At 30 November 2022 50,000

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 705,000
NET BOOK VALUE
At 30 November 2023 705,000
At 30 November 2022 705,000

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2023 705,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 594,875 594,875

Investment property was valued on an open market basis on 30 November 2023 by the director, Mr R Langton .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 112,440 5,075

Bearwood Park Property Limited (Registered number: 09852457)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,796 -
Other creditors 609,260 503,522
Directors' loan accounts 8,086 3,276
Accruals and deferred income 1,440 1,380
625,582 508,178

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 6,966 -
Bank loans - 2-5 years 21,961 -
Bank loans more 5 yrs non-inst 241,859 278,613
270,786 278,613

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 241,859 278,613

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
150 Ordinary £1 150 150

10. GOING CONCERN

The financial statements have been prepared on a going concern basis. It is the intention of the director to continue to support the company for the foreseeable future.