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REGISTERED NUMBER: 09698494 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Buildvest Ltd

Buildvest Ltd (Registered number: 09698494)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Buildvest Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: A Choo
J X Lim
M C Choo





REGISTERED OFFICE: 25 Waterson Street
London
E2 8HT





REGISTERED NUMBER: 09698494 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Wynyard Business Park
Wynyard Avenue
Billingham
Cleveland
TS22 5TB

Buildvest Ltd (Registered number: 09698494)

Balance Sheet
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 3 785,539 785,539

CURRENT ASSETS
Cash at bank 26,409 32,611

CREDITORS
Amounts falling due within one year 4 (538,930 ) (559,001 )
NET CURRENT LIABILITIES (512,521 ) (526,390 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

273,018

259,149

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 272,018 258,149
273,018 259,149

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 3 February 2025 and were signed on its behalf by:




A Choo - Director


Buildvest Ltd (Registered number: 09698494)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. 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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Not Provided

GOING CONCERN
The financial statements have been prepared on a going concern basis. The directors are confident they will continue to receive the support of the other creditors for the foreseeable future.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

3. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 August 2023
and 31 July 2024 785,539
NET BOOK VALUE
At 31 July 2024 785,539
At 31 July 2023 785,539

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 537,249 557,447
Accrued expenses 1,681 1,554
538,930 559,001

Buildvest Ltd (Registered number: 09698494)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 537,249 557,447

6. RELATED PARTY DISCLOSURES

At 31 July 2024, the company owed £48,262 (2023: £50,469) to Anjo international in which Mr Adrian Pei Ang Choo is a common director.

At 31 July 2024, the company owed £488,987 (2023: £506,978) to the director Choo Ming Cheow.

These loans have been charged interest at commercial rates and repayable on demand.