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Company Registration No. 13141623 (England and Wales)
BN2 3HJ LTD Unaudited accounts for the year ended 31 January 2024
BN2 3HJ LTD Unaudited accounts Contents
Page
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BN2 3HJ LTD Company Information for the year ended 31 January 2024
Director
Kristopher McGrath
Company Number
13141623 (England and Wales)
Registered Office
24 St. Martins Street Brighon East Sussex BN2 3HJ United Kingdom
Accountants
KMG Accountancy Ltd The Offices 57 Newtown Road Hove BN3 7BA
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BN2 3HJ LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
642,000 
642,000 
Current assets
Cash at bank and in hand
7,287 
8,866 
Creditors: amounts falling due within one year
(38,621)
(32,793)
Net current liabilities
(31,334)
(23,927)
Total assets less current liabilities
610,666 
618,073 
Creditors: amounts falling due after more than one year
(553,533)
(576,987)
Net assets
57,133 
41,086 
Capital and reserves
Revaluation reserve
22,500 
22,500 
Profit and loss account
34,633 
18,586 
Shareholders' funds
57,133 
41,086 
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 October 2024 and were signed on its behalf by
Kristopher McGrath Director Company Registration No. 13141623
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BN2 3HJ LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
BN2 3HJ LTD is a private company, limited by shares, registered in England and Wales, registration number 13141623. The registered office is 24 St. Martins Street, Brighon, East Sussex, BN2 3HJ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2024 
£ 
Fair value at 1 February 2023
642,000 
At 31 January 2024
642,000 
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by management. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
22,453 
22,626 
VAT
2,027 
2,028 
Taxes and social security
18 
18 
Other creditors
13,438 
7,436 
Accruals
685 
685 
38,621 
32,793 
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BN2 3HJ LTD Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
542,751 
566,205 
Other creditors
10,782 
10,782 
553,533 
576,987 
Aggregate of amounts that fall due for payment after five years
- 
466,504 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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