IRIS Accounts Production v24.1.4.33 10520858 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh105208582022-12-31105208582023-12-31105208582023-01-012023-12-31105208582021-12-31105208582022-01-012022-12-31105208582022-12-3110520858ns15:EnglandWales2023-01-012023-12-3110520858ns14:PoundSterling2023-01-012023-12-3110520858ns10:Director12023-01-012023-12-3110520858ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3110520858ns10:SmallEntities2023-01-012023-12-3110520858ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3110520858ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3110520858ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3110520858ns10:FullAccounts2023-01-012023-12-311052085812023-01-012023-12-3110520858ns10:Director22023-01-012023-12-3110520858ns10:RegisteredOffice2023-01-012023-12-3110520858ns5:CurrentFinancialInstruments2023-12-3110520858ns5:CurrentFinancialInstruments2022-12-3110520858ns5:Non-currentFinancialInstruments2023-12-3110520858ns5:Non-currentFinancialInstruments2022-12-3110520858ns5:ShareCapital2023-12-3110520858ns5:ShareCapital2022-12-3110520858ns5:RetainedEarningsAccumulatedLosses2023-12-3110520858ns5:RetainedEarningsAccumulatedLosses2022-12-3110520858ns5:NetGoodwill2023-01-012023-12-3110520858ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3110520858ns5:PlantMachinery2023-01-012023-12-3110520858ns5:NetGoodwill2022-12-3110520858ns5:NetGoodwill2023-12-3110520858ns5:NetGoodwill2022-12-3110520858ns5:PlantMachinery2022-12-3110520858ns5:PlantMachinery2023-12-3110520858ns5:PlantMachinery2022-12-3110520858ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3110520858ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 10520858 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Buchanans Property Limited

Buchanans Property Limited (Registered number: 10520858)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Buchanans Property Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr F H Buchanan
Mrs E Buchanan





REGISTERED OFFICE: Market House
Market Square
Aylesbury
HP20 1TN





REGISTERED NUMBER: 10520858 (England and Wales)





ACCOUNTANTS: JBC Accountants Limited
Chartered Accountants
3B Lockheed Court
Preston Farm
Stockton on Tees
TS18 3SH

Buchanans Property Limited (Registered number: 10520858)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,950 14,600
Tangible assets 5 979 805
11,929 15,405

CURRENT ASSETS
Debtors 6 9,013 369
Cash at bank 20,386 22,110
29,399 22,479
CREDITORS
Amounts falling due within one year 7 101,742 87,050
NET CURRENT LIABILITIES (72,343 ) (64,571 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(60,414

)

(49,166

)

CREDITORS
Amounts falling due after more than one
year

8

2,456

4,737
NET LIABILITIES (62,870 ) (53,903 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (62,970 ) (54,003 )
(62,870 ) (53,903 )

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.

Buchanans Property Limited (Registered number: 10520858)

Balance Sheet - continued
31 December 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:





Mr F H Buchanan - Director


Buchanans Property Limited (Registered number: 10520858)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Buchanans Property 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.

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.

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

Goodwill
Goodwill, being the amount of paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of 5 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Buchanans Property Limited (Registered number: 10520858)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 38,622
AMORTISATION
At 1 January 2023 24,022
Charge for year 3,650
At 31 December 2023 27,672
NET BOOK VALUE
At 31 December 2023 10,950
At 31 December 2022 14,600

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 3,787
Additions 500
At 31 December 2023 4,287
DEPRECIATION
At 1 January 2023 2,982
Charge for year 326
At 31 December 2023 3,308
NET BOOK VALUE
At 31 December 2023 979
At 31 December 2022 805

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,840 319
Other debtors 1,173 50
9,013 369

Buchanans Property Limited (Registered number: 10520858)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 23,244 13,889
Taxation and social security 21,770 7,737
Other creditors 56,728 65,424
101,742 87,050

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 2,456 4,737