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REGISTERED NUMBER: 08938313 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

BCR DEVELOPMENTS LTD

BCR DEVELOPMENTS LTD (REGISTERED NUMBER: 08938313)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Balance sheet 1

Notes to the financial statements 3


BCR DEVELOPMENTS LTD (REGISTERED NUMBER: 08938313)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 7,231 8,993
Investment property 5 7,680,883 7,131,739
7,688,114 7,140,732

Current assets
Debtors 6 16,009 12,564
Cash at bank 44,071 230,277
60,080 242,841
Creditors
Amounts falling due within one year 7 3,516,605 3,378,914
Net current liabilities (3,456,525 ) (3,136,073 )
Total assets less current liabilities 4,231,589 4,004,659

Creditors
Amounts falling due after more than one year 8 (2,467,267 ) (2,345,086 )

Provisions for liabilities 10 (261,224 ) (249,576 )
Net assets 1,503,098 1,409,997

Capital and reserves
Called up share capital 11 100 100
Fair value reserve 12 871,179 834,916
Retained earnings 631,819 574,981
Shareholders' funds 1,503,098 1,409,997

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BCR DEVELOPMENTS LTD (REGISTERED NUMBER: 08938313)

BALANCE SHEET - continued
30 SEPTEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 December 2024 and were signed by:





Mr D Webb - Director


BCR DEVELOPMENTS LTD (REGISTERED NUMBER: 08938313)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. Statutory information

BCR Developments Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 08938313. The registered office is 7 & 8 Church Street, Wimborne, BH21 1JH and business address is 90 Richmond Park Avenue, Queens Park, Bournemouth BH8 9DR.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents rental income received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised within other comprehensive income.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

BCR DEVELOPMENTS LTD (REGISTERED NUMBER: 08938313)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. Tangible fixed assets
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
At 1 October 2023 6,346 23,450 29,796
Additions 649 - 649
At 30 September 2024 6,995 23,450 30,445
Depreciation
At 1 October 2023 4,687 16,116 20,803
Charge for year 577 1,834 2,411
At 30 September 2024 5,264 17,950 23,214
Net book value
At 30 September 2024 1,731 5,500 7,231
At 30 September 2023 1,659 7,334 8,993

5. Investment property
Total
£   
Fair value
At 1 October 2023 7,131,739
Additions 500,793
Revaluations 48,351
At 30 September 2024 7,680,883
Net book value
At 30 September 2024 7,680,883
At 30 September 2023 7,131,739

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2016 46,720
Valuation in 2017 2,227
Valuation in 2020 510,708
Valuation in 2021 360,181
Valuation in 2022 86,866
Valuation in 2023 (371 )
Valuation in 2024 48,351
Cost 6,626,201
7,680,883

The director has valued the investment property based on current market conditions.

BCR DEVELOPMENTS LTD (REGISTERED NUMBER: 08938313)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


6. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 8,465 5,715
Prepayments and accrued income 7,544 6,849
16,009 12,564

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 37,819 34,914
Tax 22,768 16,018
Other creditors 3,341,799 3,244,768
Directors' current accounts 98,879 65,735
Accruals and deferred income 15,340 17,479
3,516,605 3,378,914

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 2,467,267 2,345,086

9. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 2,505,086 2,380,000

Bank loans are secured by way of floating charges on a number of the investment properties, in favour of Lloyds Bank Plc

10. Provisions for liabilities
2024 2023
£    £   
Deferred tax 261,224 249,576

Deferred
tax
£   
Balance at 1 October 2023 249,576
Credit to Income statement during year (440 )
Revaluation gain 12,088
Balance at 30 September 2024 261,224

BCR DEVELOPMENTS LTD (REGISTERED NUMBER: 08938313)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
25 "A" Ordinary £1 25 25
25 "B" Ordinary £1 25 25
25 "C" Ordinary £1 25 25
25 "D" Ordinary £1 25 25
100 100

12. Reserves
Fair
value
reserve
£   
At 1 October 2023 834,916
Net revaluation 36,263

At 30 September 2024 871,179

13. Ultimate controlling party

The director, Mr D Webb, is deemed to have ultimate control of the company as together with his immediate family they own 100% of the issued share capital.