Company Registration No. 12855682 (England and Wales)
BECODA PROPERTY LIMITED
Unaudited accounts
for the year ended 30 September 2024
BECODA PROPERTY LIMITED
Unaudited accounts
Contents
BECODA PROPERTY LIMITED
Company Information
for the year ended 30 September 2024
Director
Benjamin Ebube AWUNOR
Company Number
12855682 (England and Wales)
Registered Office
29 CEDAR DRIVE
NORTHFIELD
BIRMINGHAM
B31 3PE
ENGLAND
BECODA PROPERTY LIMITED
Statement of financial position
as at 30 September 2024
Investment property
2,655,714
1,867,356
Cash at bank and in hand
2,105
736
Creditors: amounts falling due within one year
(89,520)
(15,700)
Net current liabilities
(87,415)
(14,964)
Total assets less current liabilities
2,568,299
1,852,392
Creditors: amounts falling due after more than one year
(2,678,988)
(1,898,886)
Net liabilities
(110,689)
(46,494)
Called up share capital
100
100
Profit and loss account
(110,789)
(46,594)
Shareholders' funds
(110,689)
(46,494)
For the year ending 30 September 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 31 December 2024 and were signed on its behalf by
Benjamin Ebube AWUNOR
Director
Company Registration No. 12855682
BECODA PROPERTY LIMITED
Notes to the Accounts
for the year ended 30 September 2024
BECODA PROPERTY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12855682. The registered office is 29 CEDAR DRIVE, NORTHFIELD, BIRMINGHAM, B31 3PE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fair value at 1 October 2023
1,867,356
At 30 September 2024
2,655,714
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
15,700
15,700
Loans from directors
73,600
-
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
1,568,379
1,400,494
Loans from directors
1,110,609
498,392
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).