Registered number
12779671
Buy To Let Holdings Ltd
Filleted Accounts
31 July 2024
Buy To Let Holdings Ltd
Registered number: 12779671
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 87,550 87,550
Current assets
Cash at bank and in hand 5,315 3,388
Creditors: amounts falling due within one year 4 (42,697) (40,757)
Net current liabilities (37,382) (37,369)
Total assets less current liabilities 50,168 50,181
Creditors: amounts falling due after more than one year 5 (63,750) (63,750)
Net liabilities (13,582) (13,569)
Capital and reserves
Called up share capital 2 2
Profit and loss account (13,584) (13,571)
Shareholders' funds (13,582) (13,569)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Vikash Jhurree
Director
Approved by the board on 31 October 2024
Buy To Let Holdings Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Investments
Other
investments
£
Cost
At 1 August 2023 87,550
At 31 July 2024 87,550
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 42,697 40,757
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 63,750 63,750
6 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 63,750 63,750
The bank loan relates to mortgage on investment property
7 Controlling party
The company is under joint control of Mr Vikash Jhurree and Mrs Sadaf Jhurree. Each own 50% of share capital of the company.
8 Other information
Buy To Let Holdings Ltd is a private company limited by shares and incorporated in England. Its registered office is:
43 Woodfield Avenue
Wembley
Middlesex
HA0 3NP
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