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Company Registration No. 10253760 (England and Wales)
Balanced Property Investments Limited Unaudited accounts for the year ended 30 June 2024
Balanced Property Investments Limited Unaudited accounts Contents
Page
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Balanced Property Investments Limited Company Information for the year ended 30 June 2024
Directors
Clare Marie Roper Neil David Roper
Company Number
10253760 (England and Wales)
Registered Office
Thornsett Bexton Lane Knutsford Cheshire WA16 9AB
Accountants
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY
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Balanced Property Investments Limited Accountants' report
Accountants' report to the board of directors of Balanced Property Investments Limited on the preparation of the unaudited statutory accounts for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Balanced Property Investments Limited for the year ended 30 June 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Balanced Property Investments Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Balanced Property Investments Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Balanced Property Investments Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Balanced Property Investments Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Balanced Property Investments Limited. You consider that Balanced Property Investments Limited 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 accounts of Balanced Property Investments Limited. 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 accounts.
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY 25 February 2025
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Balanced Property Investments Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
731,000 
731,000 
Current assets
Debtors
3,637 
375 
Cash at bank and in hand
1,661 
4,390 
5,298 
4,765 
Creditors: amounts falling due within one year
(7,572)
(21,439)
Net current liabilities
(2,274)
(16,674)
Total assets less current liabilities
728,726 
714,326 
Creditors: amounts falling due after more than one year
(627,772)
(627,772)
Provisions for liabilities
Deferred tax
(10,495)
(10,495)
Net assets
90,459 
76,059 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
90,359 
75,959 
Shareholders' funds
90,459 
76,059 
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by
Clare Marie Roper Director Company Registration No. 10253760
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Balanced Property Investments Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Balanced Property Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 10253760. The registered office is Thornsett, Bexton Lane, Knutsford, Cheshire, WA16 9AB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivables 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.
Creditors
Short term trade 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.
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.
Taxation
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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Balanced Property Investments Limited Notes to the Accounts for the year ended 30 June 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2024 
£ 
Fair value at 1 July 2023
731,000 
At 30 June 2024
731,000 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
513 
375 
Other debtors
3,124 
- 
3,637 
375 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
3,378 
1,223 
Loans from directors
4,194 
20,000 
Accruals
- 
216 
7,572 
21,439 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
491,552 
491,552 
Loans from directors
136,220 
136,220 
627,772 
627,772 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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