Bee Bricks Properties Ltd SC739818 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is that of property investment. Digita Accounts Production Advanced 6.30.9574.0 true true SC739818 2023-08-01 2024-07-31 SC739818 2024-07-31 SC739818 bus:OrdinaryShareClass1 bus:CumulativeShares 2024-07-31 SC739818 core:RetainedEarningsAccumulatedLosses 2024-07-31 SC739818 core:ShareCapital 2024-07-31 SC739818 core:CurrentFinancialInstruments 2024-07-31 SC739818 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 SC739818 core:Non-currentFinancialInstruments core:AfterOneYear 2024-07-31 SC739818 core:FurnitureFittingsToolsEquipment 2024-07-31 SC739818 core:OtherPropertyPlantEquipment 2024-07-31 SC739818 bus:SmallEntities 2023-08-01 2024-07-31 SC739818 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 SC739818 bus:FilletedAccounts 2023-08-01 2024-07-31 SC739818 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 SC739818 bus:RegisteredOffice 2023-08-01 2024-07-31 SC739818 bus:Director1 2023-08-01 2024-07-31 SC739818 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-08-01 2024-07-31 SC739818 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 SC739818 core:FurnitureFittingsToolsEquipment 2023-08-01 2024-07-31 SC739818 core:OtherPropertyPlantEquipment 2023-08-01 2024-07-31 SC739818 countries:Scotland 2023-08-01 2024-07-31 SC739818 2022-08-01 2023-07-31 SC739818 2023-07-31 SC739818 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-07-31 SC739818 core:RetainedEarningsAccumulatedLosses 2023-07-31 SC739818 core:ShareCapital 2023-07-31 SC739818 core:CurrentFinancialInstruments 2023-07-31 SC739818 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 SC739818 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC739818

Bee Bricks Properties Ltd

Unaudited Financial Statements

for the Year Ended 31 July 2024

 

Bee Bricks Properties Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Bee Bricks Properties Ltd

(Registration number: SC739818)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

725

-

Investment property

5

151,122

-

 

151,847

-

Current assets

 

Debtors

6

3,160

100

Cash at bank and in hand

 

27,607

-

 

30,767

100

Creditors: Amounts falling due within one year

7

(93,847)

-

Net current (liabilities)/assets

 

(63,080)

100

Total assets less current liabilities

 

88,767

100

Creditors: Amounts falling due after more than one year

7

(99,450)

-

Net (liabilities)/assets

 

(10,683)

100

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(10,783)

-

Shareholders' (deficit)/funds

 

(10,683)

100

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 October 2024 and signed on its behalf by:
 

 

Bee Bricks Properties Ltd

(Registration number: SC739818)
Balance Sheet as at 31 July 2024

Mrs Malgorzata Wachnik
Director

   
     
 

Bee Bricks Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
4 Chapelton Avenue
Polbeth
West Calder
EH55 8SJ
Scotland

These financial statements were authorised for issue by the Board on 11 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The directors of the company are of the opinion that there are no material uncertainties related to going concern that require disclosure. In arriving at this conclusion, the directors have considered the working capital requirements for at least 12 months from the date of approval of the financial statements and the company's cash flow forecasts. The company has net current liabilities of £63,080 (2023; £100 asset) and retained losses of £10,783 (2023; £nil) as a result of funds personally invested with no formal repayment terms. The directors have pledged to continue to support the company and therefore the financial statements have been prepared on a going concern basis.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Bee Bricks Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible 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

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Investment property

The investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. Any changes in fair value are recognised in the profit and loss account. The accounting policy is in accordance with FRS102.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are recognised at the transaction price.

Trade debtors are reviewed on an annual basis and any provision for bad debts are taken through profit and loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Bee Bricks Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

Additions

248

495

743

At 31 July 2024

248

495

743

Depreciation

Charge for the year

5

13

18

At 31 July 2024

5

13

18

Carrying amount

At 31 July 2024

243

482

725

5

Investment properties

2024
£

Additions

151,122

At 31 July

151,122

There has been no valuation of investment property by an independent valuer. The directors have considered the market value of the properties and consider that the current value is representative of the market value of the investment property at the balance sheet date.

 

Bee Bricks Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

6

Debtors

Current

2024
£

2023
£

Prepayments

645

-

Other debtors

2,515

100

 

3,160

100

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

513

-

Accruals and deferred income

960

-

Other creditors

92,374

-

93,847

-

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

99,450

-


Loans and borrowing include mortgages on investment property which are secured of £99,450 (2023: £nil). A charge is held over the property in favour of the associated lender.

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100

         

9

Related party transactions

At the balance sheet date, the company owed £92,374 to the directors. No interest is being charged on the loan and the amount is repayable upon request.