Company Registration No. 10469739 (England and Wales)
BARKING ROAD PROPERTY LIMITED
Unaudited accounts
for the year ended 30 November 2023
BARKING ROAD PROPERTY LIMITED
Unaudited accounts
Contents
BARKING ROAD PROPERTY LIMITED
Company Information
for the year ended 30 November 2023
Company Number
10469739 (England and Wales)
Registered Office
2 HEIGHAM ROAD
EAST HAM
LONDON
E6 2JG
ENGLAND
BARKING ROAD PROPERTY LIMITED
Statement of financial position
as at 30 November 2023
Investment property
2,000,000
2,000,000
Cash at bank and in hand
929
5,908
Creditors: amounts falling due within one year
(210,500)
(215,681)
Net current liabilities
(209,571)
(194,773)
Total assets less current liabilities
1,790,975
1,805,926
Creditors: amounts falling due after more than one year
(661,587)
(676,911)
Provisions for liabilities
Deferred tax
(181,000)
(181,000)
Net assets
948,388
948,015
Called up share capital
100
100
Profit and loss account
948,288
947,915
Shareholders' funds
948,388
948,015
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 director acknowledges his 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 and authorised for issue on 31 August 2024 and were signed on its behalf by
Shaheed Sardar
Director
Company Registration No. 10469739
BARKING ROAD PROPERTY LIMITED
Notes to the Accounts
for the year ended 30 November 2023
BARKING ROAD PROPERTY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10469739. The registered office is 2 HEIGHAM ROAD, EAST HAM, LONDON, E6 2JG, ENGLAND.
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 and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Reducing Balance 20%
Computer equipment
Reducing Balance 33%
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.
BARKING ROAD PROPERTY LIMITED
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 December 2022
2,000,000
At 30 November 2023
2,000,000
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
20,100
19,400
Taxes and social security
29,692
29,568
Loans from directors
160,708
166,713
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
661,587
676,911
9
Average number of employees
During the year the average number of employees was 0 (2022: 2).