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Registered number: 10020795










TRIPLE B PROPERTY DEVELOPMENTS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
TRIPLE B PROPERTY DEVELOPMENTS LTD
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF TRIPLE B PROPERTY DEVELOPMENTS LTD
FOR THE YEAR ENDED 29 FEBRUARY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Triple B Property Developments Ltd for the year ended 29 February 2024 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given to us.
 

This report is made solely to the director of Triple B Property Developments Ltd in accordance with the terms of our agreement. Our work has been undertaken solely to prepare for your approval the financial statements of Triple B Property Developments Ltd and state those matters that we have agreed to state to him in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Triple B Property Developments Ltd and its  director for our work or for this report.
 
 
It is your duty to ensure that Triple B Property Developments Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and loss. You consider that Triple B Property Developments Ltd is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of Triple B Property Developments 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.







Shipleys Tax Planning
 

24 February 2025
Page 1

 
TRIPLE B PROPERTY DEVELOPMENTS LTD
REGISTERED NUMBER: 10020795

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
370,184
369,896

  
370,184
369,896

Current assets
  

Debtors: amounts falling due within one year
 5 
100
100

Cash at bank and in hand
 6 
259
259

  
359
359

Creditors: amounts falling due within one year
 7 
(169,762)
(167,494)

Net current liabilities
  
 
 
(169,403)
 
 
(167,135)

Total assets less current liabilities
  
200,781
202,761

  

Net assets
  
200,781
202,761


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
200,681
202,661

  
200,781
202,761


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






Page 2

 
TRIPLE B PROPERTY DEVELOPMENTS LTD
REGISTERED NUMBER: 10020795

BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

Azam Shah
Director
Date: 24 February 2025

The notes on pages 4 to 6 form part of these financial statements.

Page 3

 
TRIPLE B PROPERTY DEVELOPMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Triple B Property Developments 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.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
TRIPLE B PROPERTY DEVELOPMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Investment property





Freehold investment property

£



Valuation


At 1 March 2023
369,896


Additions at cost
288



At 29 February 2024
370,184

The 2024 valuations were made by Mr Azam Shah, on an open market value for existing use basis.



At 29 February 2024



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:




5.


Debtors

29 February
28 February
2024
2023
£
£


Other debtors
100
100

100
100



6.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
259
259

259
259


Page 5

 
TRIPLE B PROPERTY DEVELOPMENTS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Other creditors
164,722
164,434

Accruals and deferred income
5,040
3,060

169,762
167,494



8.


Controlling party

Mr Azam Shah is the ultimate controlling party.


Page 6