REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 16 February 2023 to 28 February 2024 |
for |
Bvilla Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 16 February 2023 to 28 February 2024 |
for |
Bvilla Limited |
Bvilla Limited (Registered number: 14667043) |
Contents of the Financial Statements |
for the Period 16 February 2023 to 28 February 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Bvilla Limited |
Company Information |
for the Period 16 February 2023 to 28 February 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
2 Manor House Lane |
Datchet |
Slough |
Berkshire |
SL3 9EB |
Bvilla Limited (Registered number: 14667043) |
Balance Sheet |
28 February 2024 |
Notes | £ |
CURRENT ASSETS |
Stocks | 4 |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Retained earnings | 7 | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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. |
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 |
Bvilla Limited (Registered number: 14667043) |
Notes to the Financial Statements |
for the Period 16 February 2023 to 28 February 2024 |
1. | STATUTORY INFORMATION |
Bvilla Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
Taxation |
Taxation for the period 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. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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. |
Debtors |
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. |
Creditors |
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
Cash and cash equivalents |
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in life. |
Borrowing costs |
All borrowing costs are recognised in profit or loss in the period in which they are incurred. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
Bvilla Limited (Registered number: 14667043) |
Notes to the Financial Statements - continued |
for the Period 16 February 2023 to 28 February 2024 |
4. | STOCKS |
£ |
Work-in-progress |
This is the value of property under construction. This includes acquisition and development costs till the end of financial year. |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Fox - property loan facility | 815,374 |
Other creditors |
Accruals and deferred income |
Included in other creditor there is an amount £360,352 (loan+interest accrued to date) payable to "Alliance Drug Development Limited" company registration number 07420683, owned and managed by the director "M Shoaib". This loan is payable on demand and interest is accrued at 10% per annum. |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | 1 | 100 |
7. | RESERVES |
Retained |
earnings |
£ |
Deficit for the period | ( |
) |
At 28 February 2024 | ( |
) |