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COMPANY REGISTRATION NUMBER: 13396950
BHP PROPERTY GROUP LTD
Filleted Unaudited Financial Statements
31 May 2024
BHP PROPERTY GROUP LTD
Statement of Financial Position
31 May 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
4
583,281
583,281
Current assets
Cash at bank and in hand
11,031
3,558
Creditors: amounts falling due within one year
5
152,915
146,073
---------
---------
Net current liabilities
141,884
142,515
---------
---------
Total assets less current liabilities
441,397
440,766
Creditors: amounts falling due after more than one year
6
414,636
420,533
---------
---------
Net assets
26,761
20,233
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
26,661
20,133
--------
--------
Shareholders funds
26,761
20,233
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
BHP PROPERTY GROUP LTD
Statement of Financial Position (continued)
31 May 2024
These financial statements were approved by the board of directors and authorised for issue on 24 February 2025 , and are signed on behalf of the board by:
Mr B S PADDA
Director
Company registration number: 13396950
BHP PROPERTY GROUP LTD
Notes to the Financial Statements
Year ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 29 NEW BROADWAY, HILLINGDON, UB10 0LL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Tangible assets
All assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
4. Tangible assets
Freehold property
£
Cost
At 1 June 2023 and 31 May 2024
583,281
---------
Depreciation
At 1 June 2023 and 31 May 2024
---------
Carrying amount
At 31 May 2024
583,281
---------
At 31 May 2023
583,281
---------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
1,622
4,723
Other creditors
151,293
141,350
---------
---------
152,915
146,073
---------
---------
6. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
414,636
420,533
---------
---------
7. Related party transactions
The company was under the control of Mr B S PADDA throughout the current year. Mr B S PADDA is the managing director and 60% shareholder.Mrs H K PADDA holds 40% shares.