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
BWHEELER PROPERTY LTD
Company Information
for the year ended 31 March 2024
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
BWHEELER PROPERTY LTD
Statement of financial position
as at 31 March 2024
Tangible assets
877,566
877,946
Cash at bank and in hand
22,446
28,096
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)
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
BWHEELER PROPERTY LTD
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
Charge for the year
-
380
380
At 31 March 2024
-
760
760
At 31 March 2024
876,426
1,140
877,566
At 31 March 2023
876,426
1,520
877,946
BWHEELER PROPERTY LTD
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
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
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).