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REGISTERED NUMBER: 09685359 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Biz-Parks Ltd

Biz-Parks Ltd (Registered number: 09685359)






Contents of the Financial Statements
for the year ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Biz-Parks Ltd

Company Information
for the year ended 31 October 2024







DIRECTORS: Mr B Dina
Mr A Lord





REGISTERED OFFICE: Bank Chambers
93 Lapwing Lane
Manchester
M20 6UR





REGISTERED NUMBER: 09685359 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
Apex
33 Victoria Street
Altrincham
Cheshire
WA14 1EZ

Biz-Parks Ltd (Registered number: 09685359)

Balance Sheet
31 October 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 8,668 13,002

CURRENT ASSETS
Stocks 6,548,087 6,498,897
Debtors 5 4,981 23,927
Cash at bank and in hand 609,915 835,831
7,162,983 7,358,655
CREDITORS
Amounts falling due within one year 6 (6,881,306 ) (6,275,013 )
NET CURRENT ASSETS 281,677 1,083,642
TOTAL ASSETS LESS CURRENT
LIABILITIES

290,345

1,096,644

PROVISIONS FOR LIABILITIES (1,226 ) (2,250 )
NET ASSETS 289,119 1,094,394

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 289,019 1,094,294
SHAREHOLDERS' FUNDS 289,119 1,094,394

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by:





Mr B Dina - Director


Biz-Parks Ltd (Registered number: 09685359)

Notes to the Financial Statements
for the year ended 31 October 2024

1. STATUTORY INFORMATION

Biz-Parks Ltd 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 (£).


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 the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

IT equipment 20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Biz-Parks Ltd (Registered number: 09685359)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

2. ACCOUNTING POLICIES - continued

Distributions to equity holders
Dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the company's shareholders. These amounts are recognised in the statement of changes in equity.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Leases
Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

Properties held as trading stock for re-sale are often let prior to sale in order to enhance the value for re-sale purposes. The properties let however, remain reflected as trading stock as the company holds the assets with the sole intention of selling them. No assets are held for investment purposes.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1 November 2023
and 31 October 2024 21,670
DEPRECIATION
At 1 November 2023 8,668
Charge for year 4,334
At 31 October 2024 13,002
NET BOOK VALUE
At 31 October 2024 8,668
At 31 October 2023 13,002

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 1,324 20,806
Other debtors 3,657 3,121
4,981 23,927

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 4,817 5,612
Taxation and social security 264,071 147,533
Other creditors 6,612,418 6,121,868
6,881,306 6,275,013

7. SECURED DEBTS

The director, B Dina, holds charges over company land.

Biz-Parks Ltd (Registered number: 09685359)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
45 Ordinary A £1 45 45
50 Ordinary B £1 50 50
5 Ordinary C £1 5 5
100 100

9. RELATED PARTY DISCLOSURES

Transactions with related parties
During the year the company entered into the following transactions with related parties:

2024 2023
Amounts due to related parties £ £

Director 6,405,960 5,969.375

The loan is repayable on demand and attracts no interest.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Biz-Parks Ltd

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 Biz-Parks Ltd for the year ended 31 October 2024 which comprise the Statement of Income and Retained Earnings, 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 Biz-Parks Ltd, 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 Biz-Parks Ltd and state those matters that we have agreed to state to the Board of Directors of Biz-Parks Ltd, 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 Biz-Parks Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Biz-Parks Ltd 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 Biz-Parks Ltd. You consider that Biz-Parks Ltd 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 Biz-Parks Ltd. 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.






Bennett Brooks & Co Ltd
Chartered Accountants
Apex
33 Victoria Street
Altrincham
Cheshire
WA14 1EZ


26 February 2025