BFD PROPERTY DEVELOPMENT LIMITED

Company Registration Number:
04781528 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

BFD PROPERTY DEVELOPMENT LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

BFD PROPERTY DEVELOPMENT LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 1,103,408 1,103,958
Total fixed assets: 1,103,408 1,103,958
Current assets
Debtors: 4 800 800
Cash at bank and in hand: 38,910 21,942
Total current assets: 39,710 22,742
Creditors: amounts falling due within one year: 5 (59,437) (62,491)
Net current assets (liabilities): (19,727) (39,749)
Total assets less current liabilities: 1,083,681 1,064,209
Creditors: amounts falling due after more than one year: 6 (500,000) (500,000)
Total net assets (liabilities): 583,681 564,209
Capital and reserves
Called up share capital: 180 180
Revaluation reserve:734,41334,413
Profit and loss account: 549,088 529,616
Shareholders funds: 583,681 564,209

The notes form part of these financial statements

BFD PROPERTY DEVELOPMENT LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 14 October 2024
and signed on behalf of the board by:

Name: Mr G Klein
Status: Director

The notes form part of these financial statements

BFD PROPERTY DEVELOPMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents rents receivable net of value added tax.

Tangible fixed assets and depreciation policy

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Fixtures and fittings 15% Reducing Balance

Valuation and information policy

Investment properties are included in the balance sheet at their fair value at the balance sheet date. The resulting aggregate surplus or deficit is recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Other accounting policies

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

BFD PROPERTY DEVELOPMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 2 2

BFD PROPERTY DEVELOPMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 1,146,494
At 31 December 2023 1,146,494
Depreciation
At 01 January 2023 42,536
Charge for year 550
At 31 December 2023 43,086
Net book value
At 31 December 2023 1,103,408
At 31 December 2022 1,103,958

BFD PROPERTY DEVELOPMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

Other debtors £800 (2022: £800)

BFD PROPERTY DEVELOPMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

Bank loans and overdraft (secured) £nil (2022: £2,011) Taxation and social security £20,949 (2022: £18,130 ) Other creditors £38,488 (2022: £42,350)

BFD PROPERTY DEVELOPMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due after more than one year note

Other creditors £500,000 (2022: £500,000)

BFD PROPERTY DEVELOPMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Revaluation reserve

2023
£
Balance at 01 January 2023 34,413
Surplus or deficit after revaluation 0
Balance at 31 December 2023 34,413