Registered number
07423604
Little Boo Properties Limited
Filleted Accounts
31 January 2024
Little Boo Properties Limited
Registered number: 07423604
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 608,000 618,000
Current assets
Debtors 4 319 60
Cash at bank and in hand 2,341 1,284
2,660 1,344
Creditors: amounts falling due within one year 5 (433,686) (440,967)
Net current liabilities (431,026) (439,623)
Total assets less current liabilities 176,974 178,377
Provisions for liabilities (29,240) (31,140)
Net assets 147,734 147,237
Capital and reserves
Called up share capital 100 100
Revaluation reserve 6 153,897 163,897
Profit and loss account (6,263) (16,760)
Shareholder's funds 147,734 147,237
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Iya Rust
Director
Approved by the board on 31 October 2024
Little Boo Properties Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 February 2023 618,000
Excess on fair valuation (10,000)
At 31 January 2024 608,000
Depreciation
At 31 January 2024 -
Net book value
At 31 January 2024 608,000
At 31 January 2023 618,000
Freehold land and buildings: 2024 2023
£ £
Historical cost 454,103 454,103
Cumulative depreciation based on historical cost - -
454,103 454,103
The director have considered the value of the company's investment properties and have revalued these at fair value at the year end and has been recognised in the fair value reserve.
4 Debtors 2024 2023
£ £
Trade debtors 319 -
Other debtors - 60
319 60
5 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 429,739 429,899
Corporation tax 1,956 1,948
Director's account 258 6,324
Other creditors 1,733 2,796
433,686 440,967
6 Fair Value reserve 2024 2023
£ £
At 1 February 2023 163,897 107,897
(Loss)/gain on revaluation of land and buildings (10,000) 56,000
At 31 January 2024 153,897 163,897
7 Controlling party
The company is a wholly owned subsidiary of Little Boo Limited who share the same director.
8 Other information
Little Boo Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
Cumberland House
24-28 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ
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