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Company Registration No. 11965945 (England and Wales)
BWHEELER PROPERTY LTD Unaudited accounts for the year ended 31 March 2024
BWHEELER PROPERTY LTD Unaudited accounts Contents
Page
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BWHEELER PROPERTY LTD Company Information for the year ended 31 March 2024
Director
Ben Wheeler
Company Number
11965945 (England and Wales)
Registered Office
The Engine Room @ Hq Llys Glas Alexandra Road Swansea SA1 5AJ Wales
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
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BWHEELER PROPERTY LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
877,566 
877,946 
Current assets
Debtors
1,695 
1,274 
Cash at bank and in hand
22,446 
28,096 
24,141 
29,370 
Creditors: amounts falling due within one year
(1,240)
(944)
Net current assets
22,901 
28,426 
Total assets less current liabilities
900,467 
906,372 
Creditors: amounts falling due after more than one year
(925,453)
(930,349)
Net liabilities
(24,986)
(23,977)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(24,987)
(23,978)
Shareholders' funds
(24,986)
(23,977)
For the year ending 31 March 2024 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 9 September 2024 and were signed on its behalf by
Ben Wheeler Director Company Registration No. 11965945
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BWHEELER PROPERTY LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
BWHEELER PROPERTY LTD is a private company, limited by shares, registered in England and Wales, registration number 11965945. The registered office is The Engine Room @ Hq Llys Glas, Alexandra Road, Swansea, SA1 5AJ, Wales.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets include Land & Buildings only. No depreciation has been provided on Land & Buildings.
Fixtures & fittings
20% Straight Line
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
876,426 
1,900 
878,326 
At 31 March 2024
876,426 
1,900 
878,326 
Depreciation
At 1 April 2023
- 
380 
380 
Charge for the year
- 
380 
380 
At 31 March 2024
- 
760 
760 
Net book value
At 31 March 2024
876,426 
1,140 
877,566 
At 31 March 2023
876,426 
1,520 
877,946 
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BWHEELER PROPERTY LTD Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,695 
1,274 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
351 
525 
Other creditors
470 
- 
Accruals
419 
419 
1,240 
944 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
656,552 
633,103 
Loans from directors
268,901 
297,246 
925,453 
930,349 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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