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REGISTERED NUMBER: 03032796 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

B.W.B. Properties Limited

B.W.B. Properties Limited (Registered number: 03032796)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B.W.B. Properties Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: I W Bradshaw
G W Bradshaw
B W Bradshaw
C C Testa





REGISTERED OFFICE: Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ





REGISTERED NUMBER: 03032796 (England and Wales)





ACCOUNTANTS: Verinder Powell Associates Ltd
Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ

B.W.B. Properties Limited (Registered number: 03032796)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,643 3,424
Investment property 5 4,335,706 3,760,271
4,338,349 3,763,695

CURRENT ASSETS
Debtors 6 52,237 31,158
Investments 7 - 244,912
Cash at bank 93,562 268,562
145,799 544,632
CREDITORS
Amounts falling due within one year 8 163,334 140,077
NET CURRENT (LIABILITIES)/ASSETS (17,535 ) 404,555
TOTAL ASSETS LESS CURRENT LIABILITIES 4,320,814 4,168,250

CREDITORS
Amounts falling due after more than one
year

9

(1,508,130

)

(1,383,130

)

PROVISIONS FOR LIABILITIES (107,271 ) (106,331 )
NET ASSETS 2,705,413 2,678,789

CAPITAL AND RESERVES
Called up share capital 22,500 22,500
Share premium 336,250 336,250
Retained earnings 2,346,663 2,320,039
2,705,413 2,678,789

B.W.B. Properties Limited (Registered number: 03032796)

Balance Sheet - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 26 September 2024 and were signed on its behalf by:





B W Bradshaw - Director


B.W.B. Properties Limited (Registered number: 03032796)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

B.W.B. Properties 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.

There have been no material departures from the Financial Reporting Standard 102 1A.

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

The company recognises revenue when;
the amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible fixed assets
Tangible fixed assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings- 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.


B.W.B. Properties Limited (Registered number: 03032796)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Current asset investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment. Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

B.W.B. Properties Limited (Registered number: 03032796)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023 12,918
Additions 92
At 31 March 2024 13,010
DEPRECIATION
At 1 April 2023 9,494
Charge for year 873
At 31 March 2024 10,367
NET BOOK VALUE
At 31 March 2024 2,643
At 31 March 2023 3,424

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 3,760,271
Additions 575,435
At 31 March 2024 4,335,706
NET BOOK VALUE
At 31 March 2024 4,335,706
At 31 March 2023 3,760,271

The fair value of the investment properties has been arrived at by a valuation by the directors at their open market value at 31 March 2024 based on similar properties.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 52,237 31,158

B.W.B. Properties Limited (Registered number: 03032796)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CURRENT ASSET INVESTMENTS
31.3.24 31.3.23
£    £   
Listed investments - 244,912

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 75,000 75,000
Trade creditors 34,731 7,523
Taxation and social security 6,830 23,147
Other creditors 46,773 34,407
163,334 140,077

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 1,508,130 1,383,130

At 31 March 2024, the company had secured borrowings of £1,583,130 (2023 - £1,458,130) secured by:
- first legal charges over each of the properties mortgaged with Svenska Handelsbanken AB in favour of Svenska Handelsbanken AB.
- a debenture with a deed of priority/release to Svenska Handelsbanken AB.

B.W.B. Properties Limited (Registered number: 03032796)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. RELATED PARTY DISCLOSURES

Loans from related parties



Key
management


Total
2024 £ £
At start of period 3,115 3,115
Advanced 27,835 27,835
Repaid (24,520 ) (24,520 )
At end of period 6,430 6,430


Key
management


Total
2023 £ £
At start of period 4,994 4,994
Advanced 13,817 13,817
Repaid (15,696 ) (15,696 )
At end of period 3,115 3,115

Loans from key management are interest free and repayable on demand.