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REGISTERED NUMBER: 09280322 (England and Wales)






















Unaudited Financial Statements

for the period

1 November 2022 to 31 December 2023

for

BVX Property Holdings Ltd

BVX Property Holdings Ltd (Registered number: 09280322)






Contents of the Financial Statements
for the period 1 November 2022 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

BVX Property Holdings Ltd

Company Information
for the period 1 November 2022 to 31 December 2023







DIRECTORS: M Davidson
GD Dillon





REGISTERED OFFICE: Unit 4
Tramlink Park
24 Deer Park Road
Merton
London
SW19 3UA





REGISTERED NUMBER: 09280322 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE

BVX Property Holdings Ltd (Registered number: 09280322)

Balance Sheet
31 December 2023

Notes £
FIXED ASSETS
Investment property 4 640,064

CURRENT ASSETS
Cash in hand 100

CREDITORS
Amounts falling due within one year 5 (240,192 )
NET CURRENT LIABILITIES (240,092 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

399,972

CREDITORS
Amounts falling due after more than one year 6 (403,500 )
NET LIABILITIES (3,528 )

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (3,628 )
SHAREHOLDERS' FUNDS (3,528 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period 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.

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 23 October 2024 and were signed on its behalf by:





M Davidson - Director


BVX Property Holdings Ltd (Registered number: 09280322)

Notes to the Financial Statements
for the period 1 November 2022 to 31 December 2023

1. STATUTORY INFORMATION

BVX Property Holdings Ltd 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.

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.

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at fair value at the reporting date, any changes in fair value are recognised in profit or loss and presented within "Other operating gains/(losses)".

When an investment property is sold, the profit or loss on disposal, which is the difference between the carrying value and the sale proceeds is presented within "Other operating income/expense".

Taxation
Taxation for the period 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 period 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.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the Income Statement.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Share capital
Ordinary shares are classed as equity.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

BVX Property Holdings Ltd (Registered number: 09280322)

Notes to the Financial Statements - continued
for the period 1 November 2022 to 31 December 2023

4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
Additions 640,064
At 31 December 2023 640,064
NET BOOK VALUE
At 31 December 2023 640,064

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Bank loans and overdrafts 20,000
Other creditors 220,192
240,192

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£
Bank loans 403,500

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more than 5 years 323,500

7. SECURED DEBTS

The following secured debts are included within creditors:

£
Bank loans 423,500

The freehold property known as St Mary's Cottage, Church Street, Petworth GU28 0AD registered at the land registry with title number WSX309170. Contains fixed charge and contains negative pledge.

8. ULTIMATE CONTROLLING PARTY

The directors consider there is no ultimate controlling party.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
BVX Property Holdings Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of BVX Property Holdings Ltd for the period ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of BVX Property Holdings Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of BVX Property Holdings Ltd and state those matters that we have agreed to state to the Board of Directors of BVX Property Holdings Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BVX Property Holdings Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that BVX Property Holdings Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of BVX Property Holdings Ltd. You consider that BVX Property Holdings Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of BVX Property Holdings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE


23 October 2024