Company Registration No. 12055894 (England and Wales)
B2v Property Investment Limited
Unaudited accounts
for the year ended 31 May 2024
B2v Property Investment Limited
Unaudited accounts
Contents
B2v Property Investment Limited
Company Information
for the year ended 31 May 2024
Company Number
12055894 (England and Wales)
Registered Office
68a Horsegate
Deeping St. James
Peterborough
Cambridgeshire
PE6 8EW
England
Accountants
Cedar House Accounting
67 Stephens Way
Deeping St James
Peterborough
PE6 8EJ
B2v Property Investment Limited
Statement of financial position
as at 31 May 2024
Investment property
517,358
517,358
Creditors: amounts falling due within one year
(511,445)
(510,606)
Net current liabilities
(510,595)
(510,029)
Called up share capital
100
100
Profit and loss account
6,664
7,285
Shareholders' funds
6,764
7,385
For the year ending 31 May 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 28 January 2025 and were signed on its behalf by
Mr H Verest
Director
Company Registration No. 12055894
B2v Property Investment Limited
Notes to the Accounts
for the year ended 31 May 2024
B2v Property Investment Limited is a private company, limited by shares, registered in England and Wales, registration number 12055894. The registered office is 68a Horsegate, Deeping St. James, Peterborough, Cambridgeshire, PE6 8EW, 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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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:
Fixtures & fittings
33.3% Straight Line
Computer equipment
33.3% Straight Line
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The immediate and ultimate parent company is B2V Management Limited, a company registered in England and Wales
B2v Property Investment Limited
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2023
5,835
499
6,334
At 31 May 2024
5,835
499
6,334
At 1 June 2023
5,835
443
6,278
Charge for the year
-
55
55
At 31 May 2024
5,835
498
6,333
Fair value at 1 June 2023
517,358
Amounts falling due within one year
Accrued income and prepayments
850
577
7
Creditors: amounts falling due within one year
2024
2023
Other creditors
511,445
510,606
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).