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REGISTERED NUMBER: 09765303 (England and Wales)




















Financial Statements

for the Year Ended 31 December 2023

for

BYE PROPERTY INVESTMENTS LTD.

BYE PROPERTY INVESTMENTS LTD. (REGISTERED NUMBER: 09765303)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BYE PROPERTY INVESTMENTS LTD.

Company Information
for the Year Ended 31 December 2023







DIRECTORS: B W Lessels
E D C Vega Roa





REGISTERED OFFICE: 143 Station Road
Hampton
TW12 2AL





REGISTERED NUMBER: 09765303 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

BYE PROPERTY INVESTMENTS LTD. (REGISTERED NUMBER: 09765303)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 37,316 49,043
Investment property 5 3,126,150 3,086,649
3,163,466 3,135,692

CURRENT ASSETS
Debtors 6 84,086 84,856
Cash at bank 17,795 100,831
101,881 185,687
CREDITORS
Amounts falling due within one year 7 (222,706 ) (394,434 )
NET CURRENT LIABILITIES (120,825 ) (208,747 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,042,641

2,926,945

CREDITORS
Amounts falling due after more than one
year

8

(2,417,177

)

(2,388,015

)

PROVISIONS FOR LIABILITIES (136,125 ) (91,277 )
NET ASSETS 489,339 447,653

CAPITAL AND RESERVES
Called up share capital 10 10 10
Retained earnings 11 489,329 447,643
SHAREHOLDERS' FUNDS 489,339 447,653

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.

BYE PROPERTY INVESTMENTS LTD. (REGISTERED NUMBER: 09765303)

Balance Sheet - 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 July 2024 and were signed on its behalf by:





B W Lessels - Director


BYE PROPERTY INVESTMENTS LTD. (REGISTERED NUMBER: 09765303)

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

1. STATUTORY INFORMATION

Bye Property Investments Ltd. 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.
Fixtures and fittings - 25% on cost
Motor vehicles - Straight line over 5 years
Computer equipment - Straight line over 3 years

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

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.

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 2 (2022 - 2 ) .

BYE PROPERTY INVESTMENTS LTD. (REGISTERED NUMBER: 09765303)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 5,600 53,390 1,650 60,640
DEPRECIATION
At 1 January 2023 1,049 8,898 1,650 11,597
Charge for year 1,049 10,678 - 11,727
At 31 December 2023 2,098 19,576 1,650 23,324
NET BOOK VALUE
At 31 December 2023 3,502 33,814 - 37,316
At 31 December 2022 4,551 44,492 - 49,043

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 3,086,649
Revaluations 39,501
At 31 December 2023 3,126,150
NET BOOK VALUE
At 31 December 2023 3,126,150
At 31 December 2022 3,086,649

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2016 28,565
Valuation in 2017 64,503
Valuation in 2018 9,203
Valuation in 2019 26,310
Valuation in 2020 62,525
Valuation in 2021 87,011
Valuation in 2022 226,882
Valuation in 2023 39,500
Cost 2,581,651
3,126,150

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 88 -
Other debtors 83,998 84,856
84,086 84,856

BYE PROPERTY INVESTMENTS LTD. (REGISTERED NUMBER: 09765303)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 9,413 8,822
Trade creditors 30,636 28,977
Taxation and social security 15,004 1,667
Other creditors 167,653 354,968
222,706 394,434

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 1,810,064 1,812,411
Hire purchase contracts 23,511 32,923
Other creditors 583,602 542,681
2,417,177 2,388,015

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 1,810,064 1,812,411

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 1,810,064 1,812,411

The loans are secured on the properties of the company with varying maturity dates.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
10 Ordinary 1 10 10

BYE PROPERTY INVESTMENTS LTD. (REGISTERED NUMBER: 09765303)

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

11. RESERVES
Retained
earnings
£   

At 1 January 2023 447,643
Profit for the year 43,686
Dividends (2,000 )
At 31 December 2023 489,329

Reserves include £408,375 which is not distributable. This relates to the unrealised revaluation of an investment property less the deferred tax effects.

12. GOING CONCERN

The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.Thus they continue to adopt the going concern basis in preparing the annual financial statements.