Acorah Software Products - Accounts Production 16.0.110 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 13123580 Mr Juan Manuel Doblas Olmedilla Professor Maria Carmen Olmedilla Alonso iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13123580 2023-01-31 13123580 2024-01-31 13123580 2023-02-01 2024-01-31 13123580 frs-core:CurrentFinancialInstruments 2024-01-31 13123580 frs-core:Non-currentFinancialInstruments 2024-01-31 13123580 frs-core:ComputerEquipment 2024-01-31 13123580 frs-core:ComputerEquipment 2023-02-01 2024-01-31 13123580 frs-core:ComputerEquipment 2023-01-31 13123580 frs-core:InvestmentPropertyIncludedWithinPPE 2024-01-31 13123580 frs-core:InvestmentPropertyIncludedWithinPPE 2023-02-01 2024-01-31 13123580 frs-core:InvestmentPropertyIncludedWithinPPE 2023-01-31 13123580 frs-core:ShareCapital 2024-01-31 13123580 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 13123580 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13123580 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 13123580 frs-bus:SmallEntities 2023-02-01 2024-01-31 13123580 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13123580 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 13123580 frs-bus:Director1 2023-02-01 2024-01-31 13123580 frs-bus:Director2 2023-02-01 2024-01-31 13123580 frs-countries:EnglandWales 2023-02-01 2024-01-31 13123580 2022-01-31 13123580 2023-01-31 13123580 2022-02-01 2023-01-31 13123580 frs-core:CurrentFinancialInstruments 2023-01-31 13123580 frs-core:Non-currentFinancialInstruments 2023-01-31 13123580 frs-core:ShareCapital 2023-01-31 13123580 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 13123580
Biznaga Properties Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13123580
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 957,793 952,689
957,793 952,689
CURRENT ASSETS
Debtors 5 1,635 994
Cash at bank and in hand 8,225 16,130
9,860 17,124
Creditors: Amounts Falling Due Within One Year 6 (338,596 ) (243,554 )
NET CURRENT ASSETS (LIABILITIES) (328,736 ) (226,430 )
TOTAL ASSETS LESS CURRENT LIABILITIES 629,057 726,259
Creditors: Amounts Falling Due After More Than One Year 7 (516,995 ) (609,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (25,750 ) (28,767 )
NET ASSETS 86,312 88,492
CAPITAL AND RESERVES
Called up share capital 9 20 20
Profit and Loss Account 86,292 88,472
SHAREHOLDERS' FUNDS 86,312 88,492
Page 1
Page 2
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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Juan Manuel Doblas Olmedilla
Director
29/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Biznaga Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13123580 . The registered office is 1 Derwent Business Centre, Clarke Street, Derby, DE1 2BU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% Straight Line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. The fair value of property was obtained from an online property resource company and has not been based on a valuation by an independent valuer with a professional qualification. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Deferred Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
4. Tangible Assets
Investment Properties Computer Equipment Total
£ £ £
Cost or Valuation
As at 1 February 2023 950,000 3,585 953,585
Revaluation 6,000 - 6,000
As at 31 January 2024 956,000 3,585 959,585
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 February 2023 - 896 896
Provided during the period - 896 896
As at 31 January 2024 - 1,792 1,792
Net Book Value
As at 31 January 2024 956,000 1,793 957,793
As at 1 February 2023 950,000 2,689 952,689
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 1,291 610
Other debtors 344 384
1,635 994
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 3,033 3,710
Directors' loan accounts 335,563 239,844
338,596 243,554
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 516,995 609,000
8. Secured Creditors
Of the creditors falling due within and after more than one year the following amount is secured by a fixed charge over the investment property. The mortgage is interest only with terms of 19 years.
2024 2023
£ £
Bank loans and overdrafts 516,995 609,000
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 20 20
Page 4