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REGISTERED NUMBER: 09694193 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

BALMON PROPERTIES LTD

BALMON PROPERTIES LTD (REGISTERED NUMBER: 09694193)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BALMON PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: D Parekh





REGISTERED OFFICE: 267 Water Road
London
HA0 1HX





REGISTERED NUMBER: 09694193 (England and Wales)





ACCOUNTANTS: Arithma LLP
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

BALMON PROPERTIES LTD (REGISTERED NUMBER: 09694193)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 766 1,022
Investment property 5 450,000 1,175,000
450,766 1,176,022

CURRENT ASSETS
Debtors 6 2,221 11,253
Cash at bank 23,090 12,813
25,311 24,066
CREDITORS
Amounts falling due within one year 7 484,308 457,804
NET CURRENT LIABILITIES (458,997 ) (433,738 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(8,231

)

742,284

CREDITORS
Amounts falling due after more than one
year

8

-

(734,500

)

PROVISIONS FOR LIABILITIES - (7,751 )
NET (LIABILITIES)/ASSETS (8,231 ) 33

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 9 (33,897 ) 37,397
Retained earnings 9 25,665 (37,365 )
SHAREHOLDERS' FUNDS (8,231 ) 33

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

BALMON PROPERTIES LTD (REGISTERED NUMBER: 09694193)

BALANCE SHEET - continued
31 MARCH 2024


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 4 September 2024 and were signed by:





D Parekh - Director


BALMON PROPERTIES LTD (REGISTERED NUMBER: 09694193)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Balmon 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.

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.

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 reducing balance

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.

GOING CONCERN
At the balance sheet date, the Company had net liabilities of £8,231 (2023 - net assets of £33). The validity of the going concern concept is dependent on the continued support of its shareholder.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

BALMON PROPERTIES LTD (REGISTERED NUMBER: 09694193)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 8,124
DEPRECIATION
At 1 April 2023 7,102
Charge for year 256
At 31 March 2024 7,358
NET BOOK VALUE
At 31 March 2024 766
At 31 March 2023 1,022

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,175,000
Disposals (725,000 )
At 31 March 2024 450,000
NET BOOK VALUE
At 31 March 2024 450,000
At 31 March 2023 1,175,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2022 370,641
Valuation in 2023 (325,494 )
Valuation in 2024 (79,044 )
Cost 483,897
450,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,221 11,253

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 484,308 457,804

BALMON PROPERTIES LTD (REGISTERED NUMBER: 09694193)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Bank loans are secured over the company's properties.

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 (37,365 ) 37,397 32
Deficit for the year (8,264 ) (8,264 )
Transfer 71,294 (71,294 ) -
At 31 March 2024 25,665 (33,897 ) (8,232 )

10. ULTIMATE CONTROLLING PARTY

The company is controlled by Mrs S Parekh.