REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 March 2024 |
for |
B.S. & R.Price (Properties) Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 March 2024 |
for |
B.S. & R.Price (Properties) Limited |
B.S. & R.Price (Properties) Limited (Registered number: 00766594) |
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 |
B.S. & R.Price (Properties) Limited |
Company Information |
for the Year Ended 31 March 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
1 Thomas Buildings |
New Street |
Pwllheli |
Gwynedd |
LL53 5HH |
B.S. & R.Price (Properties) Limited (Registered number: 00766594) |
Balance Sheet |
31 March 2024 |
31.3.24 | 31.3.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve | 8 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
B.S. & R.Price (Properties) Limited (Registered number: 00766594) |
Balance Sheet - continued |
31 March 2024 |
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 |
B.S. & R.Price (Properties) Limited (Registered number: 00766594) |
Notes to the Financial Statements |
for the Year Ended 31 March 2024 |
1. | STATUTORY INFORMATION |
B.S. & R.Price (Properties) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Income is derived from the rental of freehold properties and is recognised on an accruals basis. |
Tangible fixed assets |
Plant and machinery etc | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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. |
Investment property |
Investment property is included at 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 . |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1 April 2023 |
and 31 March 2024 |
DEPRECIATION |
At 1 April 2023 |
Charge for year |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
B.S. & R.Price (Properties) Limited (Registered number: 00766594) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
4. | TANGIBLE FIXED ASSETS - continued |
Cost or valuation at 31 March 2024 is represented by: |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
Valuation in 2009 | 2,999,364 | - | 2,999,364 |
Valuation in 2013 | 275,000 | - | 275,000 |
Valuation in 2014 | 100,713 | - | 100,713 |
Valuation in 2015 | (163,000 | ) | - | (163,000 | ) |
Valuation in 2016 | 325,714 | - | 325,714 |
Valuation in 2017 | 145,240 | - | 145,240 |
Valuation in 2018 | 104,047 | - | 104,047 |
Valuation in 2019 | 260,714 | - | 260,714 |
Valuation in 2020 | 142,857 | - | 142,857 |
Valuation in 2021 | (1,272,785 | ) | - | (1,272,785 | ) |
Cost | 2,069,136 | 16,741 | 2,085,877 |
4,987,000 | 16,741 | 5,003,741 |
If land and buildings had not been revalued they would have been included at the following historical cost: |
31.3.24 | 31.3.23 |
£ | £ |
Cost | 2,069,136 | 2,069,136 |
Land and buildings were valued on an open market basis on 31 March 2024 by by the directors. . |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 April 2023 |
and 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
6. | DEBTORS |
31.3.24 | 31.3.23 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
Other debtors |
B.S. & R.Price (Properties) Limited (Registered number: 00766594) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
6. | DEBTORS - continued |
31.3.24 | 31.3.23 |
£ | £ |
Amounts falling due after more than one year: |
Amounts owed by participating interests | 600,000 | 600,000 |
Aggregate amounts |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
8. | RESERVES |
Fair |
value |
reserve |
£ |
At 1 April 2023 |
and 31 March 2024 |
The revaluation in the year is net of deferred tax . |
9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023: |
31.3.24 | 31.3.23 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
B.S. & R.Price (Properties) Limited (Registered number: 00766594) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
10. | RELATED PARTY DISCLOSURES |
The company was under the control of the directors throughout the year. |
The directors of the company are also directors of Cambrian Price Properties Limited a significant holding of B.S & R.Price (Properties) Limited. The amount owed by that company was £600,000 as at the year end (2023:£600,000). |
Dividends paid during the year totalled £108,000. |
11. | ULTIMATE CONTROLLING PARTY |
The company is controlled by its directors. |