Registered number
09623657
Bitburg International Limited
Filleted Accounts
31 March 2024
Bitburg International Limited
Registered number: 09623657
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £ £ £
Fixed assets
Tangible assets 4 1,560,000 1,560,000
Current assets
Debtors 5 11,600 -
Investments held as current assets 6 816,012 -
Cash at bank and in hand 75,470 968,589
903,082 968,589
Creditors: amounts falling due within one year 7 (11,191) (57,719)
Net current assets 891,891 910,870
Net assets 2,451,891 2,470,870
Capital and reserves
Called up share capital 2 2
Share premium 2,112,515 2,112,515
Revaluation reserve 8 (144,810) (160,000)
Profit and loss account 484,184 518,353
Shareholders' funds 2,451,891 2,470,870
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Ms. Mariana Kanitz Ipkendanz Mr. Simon Kerr Meldrum
Director Director
Approved by the board on 15 January 2025
Bitburg International Limited
Notes to the Accounts
for the year ended 31 March 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 rental income received or receivable.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Investment properties - see below
The asset's residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Tax on profit 2024 2023
£ £
Current year charge 7,591 5,669
Prior year adjustment - 1,464
Repayment supplement (6) -
7,585 7,133
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
4 Tangible fixed assets
Apartment 129 Eustace Building Apartment 54 Eustace Building Apartment 26 Eustace Building Total
£ £ £ £
Cost
At 1 April 2023 585,000 385,000 590,000 1,560,000
At 31 March 2024 585,000 385,000 590,000 1,560,000
5 Debtors 2024 2023
£ £
Other debtors 11,600 -
6 Investments held as current assets 2024 2023
£ £
Fair value
Listed investments 816,012 -
7 Creditors: amounts falling due within one year 2024 2023
£ £
Deposit held 1,800 1,800
Corporation tax 7,591 5,669
Dividends payable - 48,000
Other creditors 1,800 2,250
11,191 57,719
8 Fair value reserve 2024 2023
£ £
At 1 April 2023 (160,000) (160,000)
Gain on revaluation of listed investments 15,190 -
At 31 March 2024 (144,810) (160,000)
9 Other information
Bitburg International Limited is a private company limited by shares and incorporated in England. Its registered office is:
Solar House - PF
915 High Road
North Finchley
London
SW12 8EF
Bitburg International Limited 09623657 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts July 2024 Ms. Mariana Kanitz Ipkendanz No description of principal activity 09623657 2022-04-01 2023-03-31 09623657 core:RevaluationReserve core:LandBuildings 2022-04-01 2023-03-31 09623657 core:WithinOneYear 2023-03-31 09623657 core:ShareCapital 2023-03-31 09623657 core:SharePremium 2023-03-31 09623657 core:OtherReservesSubtotal 2023-03-31 09623657 core:RetainedEarningsAccumulatedLosses 2023-03-31 09623657 core:RevaluationReserve 2022-03-31 09623657 2023-04-01 2024-03-31 09623657 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09623657 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09623657 bus:Director40 2023-04-01 2024-03-31 09623657 1 2023-04-01 2024-03-31 09623657 2 2023-04-01 2024-03-31 09623657 core:RevaluationReserve core:LandBuildings 2023-04-01 2024-03-31 09623657 countries:England 2023-04-01 2024-03-31 09623657 bus:FRS102 2023-04-01 2024-03-31 09623657 bus:FilletedAccounts 2023-04-01 2024-03-31 09623657 2024-03-31 09623657 core:WithinOneYear 2024-03-31 09623657 core:ShareCapital 2024-03-31 09623657 core:SharePremium 2024-03-31 09623657 core:OtherReservesSubtotal 2024-03-31 09623657 core:RetainedEarningsAccumulatedLosses 2024-03-31 09623657 core:LandBuildings 2024-03-31 09623657 core:PlantMachinery 2024-03-31 09623657 core:Vehicles 2024-03-31 09623657 core:RevaluationReserve 2024-03-31 09623657 2023-03-31 09623657 core:LandBuildings 2023-03-31 09623657 core:PlantMachinery 2023-03-31 09623657 core:Vehicles 2023-03-31 09623657 core:RevaluationReserve 2023-03-31 iso4217:GBP xbrli:pure