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REGISTERED NUMBER: 07929398 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Balgores Investments Limited

Balgores Investments Limited (Registered number: 07929398)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

Balgores Investments Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: P A Austin





REGISTERED OFFICE: 10 High Street
Wickford
Essex
SS12 9AZ





REGISTERED NUMBER: 07929398 (England and Wales)





ACCOUNTANTS: Edison and Co
Chartered Certified Accountants
29 Herbert Road
Hornchurch
Essex
RM11 3LH

Balgores Investments Limited (Registered number: 07929398)

Statement of Financial Position
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,650 -
Investment property 5 2,548,881 2,083,987
2,553,531 2,083,987

CURRENT ASSETS
Debtors 6 1,640 2,020
Cash at bank 17,653 56,229
19,293 58,249
CREDITORS
Amounts falling due within one year 7 1,162,067 711,163
NET CURRENT LIABILITIES (1,142,774 ) (652,914 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,410,757

1,431,073

PROVISIONS FOR LIABILITIES 102,883 102,883
NET ASSETS 1,307,874 1,328,190

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 541,493 541,493
Retained earnings 766,281 786,597
SHAREHOLDERS' FUNDS 1,307,874 1,328,190

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 director acknowledges his 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.

Balgores Investments Limited (Registered number: 07929398)

Statement of Financial Position - 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 director and authorised for issue on 28 October 2024 and were signed by:





P A Austin - Director


Balgores Investments Limited (Registered number: 07929398)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Balgores Investments 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.

The financial statements have been prepared on a going concern basis, the validity of which depends upon continued financial support by the creditors. The director is confident that the company will be able to continue with successful financial outcome and on this basis the director considers it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from a failure to obtain the above financial support.

Turnover
Turnover represents rental income receivable for the period.

Investment property
Investment property which is property held to earn rentals and or 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 the reporting end date. The surplus or the deficit on revaluation is recognised in the balance sheet in a Fair Value reserve account.
Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.

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 statement of financial position date.

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

Balgores Investments Limited (Registered number: 07929398)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Motor
Vehicle
£   
COST OR VALUATION
Additions 6,200
At 31 January 2024 6,200
DEPRECIATION
Charge for year 1,550
At 31 January 2024 1,550
NET BOOK VALUE
At 31 January 2024 4,650

Cost or valuation at 31 January 2024 is represented by:

Plant and
machinery
etc
£   
Cost 6,200

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 2,083,987
Additions 464,894
At 31 January 2024 2,548,881
NET BOOK VALUE
At 31 January 2024 2,548,881
At 31 January 2023 2,083,987

The properties were valued by the director who holds no qualifications in the property valuation but has extensive experience and knowledge of properties in the area. No valuation was obtained as in the opinion of the director, the fair value of the investment properties at the year end do not differ materially from that valued above.

Balgores Investments Limited (Registered number: 07929398)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. INVESTMENT PROPERTY - continued

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2018 616,186
Valuation in 2021 (26,694 )
Valuation in 2022 (47,998 )
Cost 2,007,387
2,548,881

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 1,540 1,920
Other debtors 100 100
1,640 2,020

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 4,032 10,220
Taxation and social security - 1,730
Other creditors 1,158,035 699,213
1,162,067 711,163

8. RESERVES
Fair
value
reserve
£   
At 1 February 2023
and 31 January 2024 541,493

9. ULTIMATE CONTROLLING PARTY

The controlling party is P A Austin.

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Balgores Investments Limited

The following reproduces the text of the report prepared for the director 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director 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 Balgores Investments Limited for the year ended 31 January 2024 which comprise the Income Statement, Statement of Financial Position 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Balgores Investments Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Balgores Investments Limited and state those matters that we have agreed to state to the director of Balgores Investments Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Balgores Investments Limited 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 Balgores Investments Limited. You consider that Balgores Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Balgores Investments Limited. 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.






Edison and Co
Chartered Certified Accountants
29 Herbert Road
Hornchurch
Essex
RM11 3LH


28 October 2024