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Company Registration No. 11675376 (England and Wales)
BG REAL ESTATE LTD Unaudited accounts for the year ended 30 November 2023
BG REAL ESTATE LTD Unaudited accounts Contents
Page
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BG REAL ESTATE LTD Company Information for the year ended 30 November 2023
Director
Irfan Bin Ghaus
Company Number
11675376 (England and Wales)
Registered Office
29 HIND STREET BURNLEY BB10 1EQ UNITED KINGDOM
Accountants
AY Accountants LLP 2nd floor, 6 Oxford street Bolton Greater Manchester BL1 1RF
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BG REAL ESTATE LTD Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
121,015 
123,590 
Current assets
Cash at bank and in hand
8,047 
1,204 
Creditors: amounts falling due within one year
(129,769)
(127,358)
Net current liabilities
(121,722)
(126,154)
Net liabilities
(707)
(2,564)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(708)
(2,565)
Shareholders' funds
(707)
(2,564)
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
Irfan Bin Ghaus Director Company Registration No. 11675376
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BG REAL ESTATE LTD Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
BG REAL ESTATE LTD is a private company, limited by shares, registered in England and Wales, registration number 11675376. The registered office is 29 HIND STREET, BURNLEY, BB10 1EQ, 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.
3
Accounting policies
These financial statements for the year ended 30 November 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 December 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment Property
Investment Property, which is held to earn rentals and/or for capital appreciation, is initially recognized at cost which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting date. Gains or losses are recognized in the income statement Investment Property is included at cost. The director believes the historical cost of the investment properties is a fair representation of their existing market value.
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:
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BG REAL ESTATE LTD Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 December 2022
128,740 
At 30 November 2023
128,740 
Depreciation
At 1 December 2022
5,150 
Charge for the year
2,575 
At 30 November 2023
7,725 
Net book value
At 30 November 2023
121,015 
At 30 November 2022
123,590 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
24,336 
33,707 
Taxes and social security
762 
- 
Other creditors
14,000 
14,000 
Loans from directors
88,921 
79,401 
Accruals
1,750 
250 
129,769 
127,358 
6
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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