BBP MANAGEMENT LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
BBP Management Limited is a private company limited by guarantee and incorporated in England. Its registered office is 124 Finchley Road, London, NW3 5JS.
The principal activity of the company is property management.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding value added tax and other sales taxes.
Service charges are measured as the fair value of the amount received or receivable on an accruals basis.
Interest income is recognised in profit or loss using the effective interest method.
The Company's functional and presentational currency is GBP.
Short term debtors are measured at transaction price, less any impairment.
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Cash and cash equivalents
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Cash includes cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Short term creditors are measured at the transaction price.
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