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REGISTERED NUMBER: 06869986 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BHC CAR PARKS LIMITED

BHC CAR PARKS LIMITED (REGISTERED NUMBER: 06869986)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BHC CAR PARKS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: G P Bloom
J S Leek
J J Wilkes





REGISTERED OFFICE: Singers Hill Synagogue
Ellis Street
Birmingham
B1 1HL





REGISTERED NUMBER: 06869986 (England and Wales)





ACCOUNTANTS: Holder Blackthorn LLP
Blackthorn House
St Pauls Square
Birmingham
B3 1RL

BHC CAR PARKS LIMITED (REGISTERED NUMBER: 06869986)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 109
Investment property 5 370,000 330,000
370,000 330,109

CURRENT ASSETS
Debtors 6 1,992 19,344
Cash at bank and in hand 4,850 10,055
6,842 29,399
CREDITORS
Amounts falling due within one year 7 32,050 41,679
NET CURRENT LIABILITIES (25,208 ) (12,280 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

344,792

317,829

CREDITORS
Amounts falling due after more than one
year

8

194,233

207,712
NET ASSETS 150,559 110,117

CAPITAL AND RESERVES
Called up share capital 10 1 1
Fair value reserve 11 145,440 105,440
Retained earnings 11 5,118 4,676
SHAREHOLDERS' FUNDS 150,559 110,117

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors and authorised for issue on 22 September 2024 and were signed on its behalf by:




J J Wilkes - Director


BHC CAR PARKS LIMITED (REGISTERED NUMBER: 06869986)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

BHC Car Parks Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Changes in accounting policies
Donations to the parent charity are now included under distributions in accordance with Financial Reporting Standard 102. This change has been applied to last year and comparatives have been restated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 10% on cost

Investment property
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

For the purposes of clarity, as this surplus or deficit is not realised, a transfer is made to a separate 'Fair Value reserve'. This reserve does not form part of the company's distributable reserves.

Taxation
Taxation for the year comprises current and deferred tax, where the deferred tax is material. 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.

No deferred tax is provided on the investment property revaluation as it is intended that any surplus realised on a future sale will be donated to the charitable parent and, therefore, will not be taxable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

BHC CAR PARKS LIMITED (REGISTERED NUMBER: 06869986)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 6,689
DEPRECIATION
At 1 January 2023 6,580
Charge for year 109
At 31 December 2023 6,689
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 109

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 330,000
Revaluations 40,000
At 31 December 2023 370,000
NET BOOK VALUE
At 31 December 2023 370,000
At 31 December 2022 330,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2021 95,440
Valuation in 2021 10,000
Valuation in 2023 40,000
Cost 224,560
370,000

The investment properties were valued by Georgina Homes Limited at 31 December 2023. The estate agents have based their opinion on the revalued fair value of the investment properties, by reference to their knowledge of the condition of the property and their judgement of the prevailing market prices for similar properties in the locality of the properties.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,992 19,344

BHC CAR PARKS LIMITED (REGISTERED NUMBER: 06869986)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,661 11,072
Trade creditors 3,989 3,988
Taxation and social security 2,236 3,279
Other creditors 14,164 23,340
32,050 41,679

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 54,419 62,743
Amounts owed to related undertakings 139,814 144,969
194,233 207,712

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 7,774 18,454

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 66,080 73,815

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary 1 1 1

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 January 2023 4,676 105,440 110,116
Profit for the year 121,442 121,442
Transfer (40,000 ) 40,000 -
Donation to charitable parent (81,000 ) - (81,000 )
At 31 December 2023 5,118 145,440 150,558

12. RELATED PARTY DISCLOSURES

The company is controlled by Birmingham Hebrew Congregation, a charity registered with The Charities Commission under charity number 222277.