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REGISTERED NUMBER: 05803667 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

The Big Growth Estate Company Limited

The Big Growth Estate Company Limited (Registered number: 05803667)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Big Growth Estate Company Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: J B Quinn
G J Roberts





SECRETARY: G J Roberts





REGISTERED OFFICE: Hamble Cliff Lodge
Hamble Cliff
Hamble
Hampshire
SO31 4HY





REGISTERED NUMBER: 05803667 (England and Wales)





ACCOUNTANTS: Bottom Line Accountancy Services
20 Hulbert Road
Waterlooville
Hampshire
PO7 7NT

The Big Growth Estate Company Limited (Registered number: 05803667)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 26
Investment property 5 1,080,000 1,080,000
1,080,000 1,080,026

CURRENT ASSETS
Debtors 6 6,023 5,011
Cash at bank 176 4,551
6,199 9,562
CREDITORS
Amounts falling due within one year 7 206,176 207,331
NET CURRENT LIABILITIES (199,977 ) (197,769 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

880,023

882,257

CREDITORS
Amounts falling due after more than one
year

8

(568,499

)

(593,778

)

PROVISIONS FOR LIABILITIES (28 ) (28 )
NET ASSETS 311,496 288,451

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 186,796 186,796
Retained earnings 124,600 101,555
SHAREHOLDERS' FUNDS 311,496 288,451

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Big Growth Estate Company Limited (Registered number: 05803667)

Balance Sheet - continued
31 May 2024


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 26 February 2025 and were signed on its behalf by:





J B Quinn - Director


The Big Growth Estate Company Limited (Registered number: 05803667)

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

1. STATUTORY INFORMATION

The Big Growth Estate Company 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.

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.

Turnover
Turnover represents amounts receivable for rental income during the period.

Tangible fixed assets
Tangible fixed assets are stated at cost or vaulation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected usual life, as follows:

Fixtures and fittings 25% reducing balance

Investment property
Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets. financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

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

The Big Growth Estate Company Limited (Registered number: 05803667)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 1,970
DEPRECIATION
At 1 June 2023 1,944
Charge for year 26
At 31 May 2024 1,970
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 26

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 1,080,000
NET BOOK VALUE
At 31 May 2024 1,080,000
At 31 May 2023 1,080,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 708 673
Other debtors 5,315 4,338
6,023 5,011

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors (175 ) -
Taxation and social security 5,412 8,245
Other creditors 200,939 199,086
206,176 207,331

The Big Growth Estate Company Limited (Registered number: 05803667)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 394,221 422,650
Other creditors 174,278 171,128
568,499 593,778

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 394,221 422,650

9. RESERVES
Revaluation
reserve
£   
At 1 June 2023
and 31 May 2024 186,796