REGISTERED NUMBER: |
BISHOP'S COURT (DEVELOPMENTS) CO LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2024 |
REGISTERED NUMBER: |
BISHOP'S COURT (DEVELOPMENTS) CO LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2024 |
BISHOP'S COURT (DEVELOPMENTS) CO LIMITED (REGISTERED NUMBER: 10193906) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 MAY 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
BISHOP'S COURT (DEVELOPMENTS) CO LIMITED |
COMPANY INFORMATION |
for the Year Ended 31 MAY 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Wallace House |
20 Birmingham Road |
Walsall |
West Midlands |
WS1 2LT |
BISHOP'S COURT (DEVELOPMENTS) CO LIMITED (REGISTERED NUMBER: 10193906) |
BALANCE SHEET |
31 MAY 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
PROVISIONS FOR LIABILITIES |
NET (LIABILITIES)/ASSETS | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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 were approved by the Board of Directors and authorised for issue on |
BISHOP'S COURT (DEVELOPMENTS) CO LIMITED (REGISTERED NUMBER: 10193906) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 MAY 2024 |
1. | STATUTORY INFORMATION |
Bishop's Court (Developments) Co Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
This may not be appropriate because at 31st May 2024 the company's liabilities exceeded its assets by £8,785. The Directors however believe that with the ongoing support of the company's shareholders, that it is appropriate to prepare the financial statements on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. If the company were unable to continue in operational existence for the foreseeable future, adjustments would have to be made to reduce balance sheet values of assets to their recoverable amounts, and to provide for further liabilities that might arise, and to reclassify fixed assets and long term liabilities as current assets and liabilities. |
The company's financial statements are individual entity financial statements. |
The company's financial statements are presented in Sterling and all values are rounded to the nearest pound. |
Tangible fixed assets |
Land and buildings | - |
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. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - |
BISHOP'S COURT (DEVELOPMENTS) CO LIMITED (REGISTERED NUMBER: 10193906) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 MAY 2024 |
4. | TANGIBLE FIXED ASSETS |
Freehold | Long |
property | leasehold | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1 June 2023 |
Revaluations | ( |
) | ( |
) |
At 31 May 2024 |
NET BOOK VALUE |
At 31 May 2024 |
At 31 May 2023 |
Cost or valuation at 31 May 2024 is represented by: |
Freehold | Long |
property | leasehold | Totals |
£ | £ | £ |
Valuation in 2020 | 129,602 | 54,321 | 183,923 |
Valuation in 2022 | - | 14,030 | 14,030 |
Valuation in 2023 | 37,720 | (1,325 | ) | 36,395 |
Valuation in 2024 | - | (1,705 | ) | (1,705 | ) |
167,322 | 65,321 | 232,643 |
If properties had not been revalued they would have been included at the following historical cost: |
2024 | 2023 |
£ | £ |
Cost | 221,643 | 221,643 |
Properties were valued on an open market basis on 31 May 2024 by the Directors . |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Other creditors |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £1 | 100 | 2 |