8 February 2023 false No description of principal activity Taxfiler 2024.5 14647212business:PrivateLimitedCompanyLtd2023-02-082024-03-31 146472122023-02-07 146472122023-02-082024-03-31 14647212business:AuditExemptWithAccountantsReport2023-02-082024-03-31 14647212business:FilletedAccounts2023-02-082024-03-31 146472122024-03-31 14647212core:WithinOneYear2024-03-31 14647212core:AfterOneYear2024-03-31 14647212core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 14647212core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 14647212core:PreviouslyStatedAmount2024-03-31 14647212business:SmallEntities2023-02-082024-03-31 14647212business:Director12023-02-082024-03-31 14647212countries:EnglandWales2023-02-082024-03-31 14647212business:RegisteredOffice2023-02-082024-03-31 iso4217:GBP xbrli:pure
Company Registration No. 14647212 (England and Wales)
Build Nine Group Ltd Unaudited accounts for the period from 8 February 2023 to 31 March 2024
Build Nine Group Ltd Unaudited accounts Contents
Page
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Build Nine Group Ltd Statement of financial position as at 31 March 2024
2024 
Notes
£ 
Fixed assets
Investment property
33,953 
Current assets
Debtors
47 
Cash at bank and in hand
1,000 
1,047 
Creditors: amounts falling due within one year
(1,425)
Net current liabilities
(378)
Total assets less current liabilities
33,575 
Creditors: amounts falling due after more than one year
(35,000)
Net liabilities
(1,425)
Capital and reserves
Called up share capital
100 
Profit and loss account
(1,525)
Shareholders' funds
(1,425)
For the period ending 31 March 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 November 2024 and were signed on its behalf by
G Powell Director Company Registration No. 14647212
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Build Nine Group Ltd Notes to the Accounts for the period from 8 February 2023 to 31 March 2024
1
Statutory information
Build Nine Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 14647212. The registered office is Howbery Business Park, Benson Lane, Wallingford, OX10 8BA, United Kingdom.
2
Compliance with accounting standards
The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the provisions of FRS 102 Section 1A Small Entities.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment properties, which are properties held to earn rentals and/or for capital appreciation, are measured initially at cost (purchase price and directly attributable expenditure) and subsequently are measured using the fair value model and stated at their fair value as at the end of the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account. No depreciation is provided on investment properties which is a departure from the requirements of the Companies Act 2006. In the opinion of the director, these properties are held primarily for their investment potential and so their fair value is of more significance than any measure of consumption and to depreciate them would not give a true and fair view. The provisions of FRS102 Section 16 "Investment Property" have therefore been adopted in order to give a true and fair view. If this departure from the Act had not been made, the profit would have been reduced by depreciation. The amount of depreciation cannot reasonably be quantified and the amount which might otherwise has been shown cannot be separately identified or quantified.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2024 
£ 
Additions
33,953 
At 31 March 2024
33,953 
In the opinion of the director, the land value remains unchanged from purchase.
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Build Nine Group Ltd Notes to the Accounts for the period from 8 February 2023 to 31 March 2024
5
Debtors
2024 
£ 
Amounts falling due within one year
Other debtors
47 
6
Creditors: amounts falling due within one year
2024 
£ 
Loans from directors
273 
Accruals
1,152 
1,425 
7
Creditors: amounts falling due after more than one year
2024 
£ 
Other creditors
35,000 
8
Transactions with related parties
At the period end, the company owed £35,000 to Build Nine Property Group Ltd, a company under the control and ownership of the same director. There are no repayment terms and no interest has been applied on this amount.
9
Average number of employees
During the period the average number of employees was 1.
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