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REGISTERED NUMBER: 13149081 (England and Wales)















BQP LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024






BQP LIMITED (REGISTERED NUMBER: 13149081)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BQP LIMITED

COMPANY INFORMATION
for the year ended 31 January 2024







DIRECTORS: A Bender
Mrs A Q Bender





REGISTERED OFFICE: Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS





REGISTERED NUMBER: 13149081 (England and Wales)





ACCOUNTANTS: SMH Sheards
Chartered Accountants
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

BQP LIMITED (REGISTERED NUMBER: 13149081)

BALANCE SHEET
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 10,610 -
Investment property 5 360,000 113,112
370,610 113,112

CURRENT ASSETS
Debtors 6 2,503 1,360
Cash at bank 768 238,765
3,271 240,125
CREDITORS
Amounts falling due within one year 7 (375,924 ) (354,659 )
NET CURRENT LIABILITIES (372,653 ) (114,534 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,043

)

(1,422

)

CAPITAL AND RESERVES
Called up share capital 100 100
Non distributable reserve 8 6,769 -
Retained earnings (8,912 ) (1,522 )
SHAREHOLDERS' FUNDS (2,043 ) (1,422 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

BQP LIMITED (REGISTERED NUMBER: 13149081)

BALANCE SHEET - continued
31 January 2024


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 29 October 2024 and were signed on its behalf by:





A Bender - Director


BQP LIMITED (REGISTERED NUMBER: 13149081)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 January 2024


1. STATUTORY INFORMATION

BQP Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover comprises rents received, recognised in the period to which they relate.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

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.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event accruing after the impairment was recognised, the impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including accruals, are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.


BQP LIMITED (REGISTERED NUMBER: 13149081)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 13,262
At 31 January 2024 13,262
DEPRECIATION
Charge for year 2,652
At 31 January 2024 2,652
NET BOOK VALUE
At 31 January 2024 10,610

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 113,112
Additions 240,119
Revaluations 6,769
At 31 January 2024 360,000
NET BOOK VALUE
At 31 January 2024 360,000
At 31 January 2023 113,112

BQP LIMITED (REGISTERED NUMBER: 13149081)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024


5. INVESTMENT PROPERTY - continued

Investment property has been both transferred into the business from the directors, and paid for through the company. It has been recognised at its market value on the date of transfer.

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2024 360,000

If investment had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 353,231 -

investment property was valued on an open market basis on 31 March 2024 by Director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,503 1,360

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 375,924 354,659

8. RESERVES
Non
distributable
reserve
£   
Revaluation of properties 6,769

At 31 January 2024 6,769

9. RELATED PARTY DISCLOSURES

As at 31st January 2024, £375,606 (2023 £354,371) was owed to the directors by way of a directors' loan account.