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REGISTERED NUMBER: 04499601 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

BBS DEVELOPMENTS LIMITED

BBS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04499601)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

BBS DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr P K F Sparkes
Mrs K Sparkes



SECRETARY: Mr P K F Sparkes



REGISTERED OFFICE: 3 Oak Meadows
Bramhall
Stockport
Cheshire
SK7 1AR



REGISTERED NUMBER: 04499601 (England and Wales)



ACCOUNTANTS: Dunhams
Chartered Accountants
11 Warwick Road
Old Trafford
Stretford
Manchester
M16 0QQ



BANKERS: HSBC
14 Castle Street
Macclesfield
Cheshire
SK11 6LZ

BBS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04499601)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 313,112 -

CURRENT ASSETS
Stocks 5 350,000 350,000
Debtors 6 39,350 264,646
Cash at bank and in hand 182,104 76,855
571,454 691,501
CREDITORS
Amounts falling due within one year 7 (669,265 ) (528,487 )
NET CURRENT (LIABILITIES)/ASSETS (97,811 ) 163,014
TOTAL ASSETS LESS CURRENT LIABILITIES 215,301 163,014

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 215,201 162,914
SHAREHOLDERS' FUNDS 215,301 163,014

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

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

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by:





Mr P K F Sparkes - Director


BBS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04499601)

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

1. STATUTORY INFORMATION

BBS Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The accounts are presented rounded to the nearest pound.

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.

Significant judgements and estimates
In preparing the accounts the directors are required to make certain judgements and estimates in compliance with FRS102 (Section 1a), it is the view of the director that no estimates or judgements are deemed to have a significant impact on the financial statements.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Land stock & work in progress is comprised of land purchased with the intention to realise development opportunities.

It is valued at the lower of cost and net realisable and this is reviewed each year by the directors based on their knowledge of the market at the year end.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 313,112
At 30 June 2024 313,112
NET BOOK VALUE
At 30 June 2024 313,112

5. STOCKS
2024 2023
£    £   
Land stock and work
in progress 350,000 350,000

BBS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04499601)

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

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors - 75,446
Directors' current accounts - 150,000
Prepayments 150 -
150 225,446

Amounts falling due after more than one year:
Other debtors 39,200 39,200

Aggregate amounts 39,350 264,646

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 17,151 12,016
VAT 5,589 3,446
Other creditors 643,500 510,000
Accrued expenses 3,025 3,025
669,265 528,487

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
Mr P K F Sparkes
Balance outstanding at start of year 150,000 178,000
Amounts advanced - 150,000
Amounts repaid (150,000 ) (178,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 150,000

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr P K F Sparkes.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BBS DEVELOPMENTS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of BBS Developments Limited for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of BBS Developments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of BBS Developments Limited and state those matters that we have agreed to state to the Board of Directors of BBS Developments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BBS Developments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that BBS Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of BBS Developments Limited. You consider that BBS Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of BBS Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Dunhams
Chartered Accountants
11 Warwick Road
Old Trafford
Stretford
Manchester
M16 0QQ


22 January 2025