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Registered number: 08884573
B & G Property Management Ltd
Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2
Page 1
Statement of Financial Position
Registered number: 08884573
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 407 1,067
Cash at bank and in hand 1,196 892
1,603 1,959
Creditors: Amounts Falling Due Within One Year 5 (1,305 ) (1,768 )
NET CURRENT ASSETS (LIABILITIES) 298 191
TOTAL ASSETS LESS CURRENT LIABILITIES 298 191
NET ASSETS 298 191
CAPITAL AND RESERVES
Called up share capital 6 4 4
Income Statement 294 187
SHAREHOLDERS' FUNDS 298 191
For the year ending 28 February 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 Income Statement.
On behalf of the board
H K Singh
Director
25th November 2024
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
B & G Property Management Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08884573 . The registered office is 109 Coleman Road, Leicester, LE5 4LE.
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, net of discounts. Turnover includes revenue earned from the rendering of services. 
2.3. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 407 1,067
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 399 481
Corporation tax 25 -
Taxation and social security 264 401
Accruals and deferred income 600 480
Directors' loan accounts 17 406
1,305 1,768
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
7. Directors Advances, Credits and Guarantees
Included within creditors is a loan owed by the company to the directors of £17 (2023: £406). The loan is unsecured, interest free and repayable on demand.
Page 2