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REGISTERED NUMBER: 07454263 (England and Wales)















Bmch Properties Ltd

Unaudited Financial Statements for the Year Ended 31 December 2023






Bmch Properties Ltd (Registered number: 07454263)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Bmch Properties Ltd

Company Information
for the Year Ended 31 December 2023







Directors: R D Heywood
S C Heywood





Secretary: C Heywood





Registered office: Lindum Lodge
Priory Road
Beccles
Suffolk
NR34 9NJ





Registered number: 07454263 (England and Wales)





Accountants: Fairhead Bradford
5 Queen Street
Great Yarmouth
Norfolk
NR30 2QP

Bmch Properties Ltd (Registered number: 07454263)

Statement of Financial Position
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
Fixed assets
Investment property 4 236,736 246,600

Current assets
Cash at bank 21,245 16,984

Creditors
Amounts falling due within one year 5 94,161 95,410
Net current liabilities (72,916 ) (78,426 )
Total assets less current liabilities 163,820 168,174

Provisions for liabilities 13,212 15,086
Net assets 150,608 153,088

Capital and reserves
Called up share capital 100 100
Revaluation reserve 6 71,659 79,649
Retained earnings 78,849 73,339
Shareholders' funds 150,608 153,088

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.

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 29 August 2024 and were signed on its behalf by:





S C Heywood - Director


Bmch Properties Ltd (Registered number: 07454263)

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

1. Statutory information

Bmch Properties 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.

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 represents rents receivable (net of VAT).

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.

Financial instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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 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.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

Bmch Properties Ltd (Registered number: 07454263)

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

4. Investment property
Total
£   
Fair value
At 1 January 2023 246,600
Revaluations (9,864 )
At 31 December 2023 236,736
Net book value
At 31 December 2023 236,736
At 31 December 2022 246,600

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2014 3,135
Valuation in 2015 5,000
Valuation in 2016 5,000
Valuation in 2017 8,500
Valuation in 2018 4,000
Valuation in 2019 1,420
Valuation in 2020 13,956
Valuation in 2021 30,089
Valuation in 2022 23,635
Valuation in 2023 (9,864 )
Cost 151,865
236,736

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

31/12/23 31/12/22
£    £   
Cost 151,865 151,865

The investment property was valued on an open market basis on 31 December 2023 by the company directors. .

5. Creditors: amounts falling due within one year
31/12/23 31/12/22
£    £   
Taxation and social security 1,292 1,926
Other creditors 92,869 93,484
94,161 95,410

Bmch Properties Ltd (Registered number: 07454263)

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

6. Reserves
Revaluatio
reserve
£   
At 1 January 2023 79,649
Transferred (7,990 )

At 31 December 2023 71,659

7. Related party disclosures

Within creditors is a balance of £91,910 ( 2022 - £92,913 ) due to the Heywood family from the company.

8. Ultimate controlling party

The controlling party is the Heywood family.