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REGISTERED NUMBER: 10624343 (England and Wales)















ABRIDGED AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

BA PROPERTIES (NORTH EAST) LIMITED

BA PROPERTIES (NORTH EAST) LIMITED (REGISTERED NUMBER: 10624343)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


BA PROPERTIES (NORTH EAST) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: Mr S McDonald



REGISTERED OFFICE: The Purvis Building
Leeholme Road
Billingham
TS23 3TA



REGISTERED NUMBER: 10624343 (England and Wales)



SENIOR STATUTORY AUDITOR: Donald Adams FCA



AUDITORS: Baines Jewitt Limited
Statutory Auditors
Spitfire House
19 Falcon Court
Preston Farm Industrial Estate
Stockton-on-Tees
TS18 3TU

BA PROPERTIES (NORTH EAST) LIMITED (REGISTERED NUMBER: 10624343)

ABRIDGED BALANCE SHEET
31 JULY 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment property 4 1,480,866 1,480,866

CURRENT ASSETS
Debtors 6,999 2,496
Cash at bank and in hand 45,352 71,256
52,351 73,752
CREDITORS
Amounts falling due within one year 1,248,520 1,289,480
NET CURRENT LIABILITIES (1,196,169 ) (1,215,728 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

284,697

265,138

PROVISIONS FOR LIABILITIES 25,460 25,460
NET ASSETS 259,237 239,678

CAPITAL AND RESERVES
Allotted, called up and fully paid share
capital

2

2
Fair value reserve 5 76,379 76,379
Retained earnings 182,856 163,297
259,237 239,678

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 March 2025 and were signed by:





Mr S McDonald - Director


BA PROPERTIES (NORTH EAST) LIMITED (REGISTERED NUMBER: 10624343)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

BA Properties (North East) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 1 (2023 - 1 ) .

BA PROPERTIES (NORTH EAST) LIMITED (REGISTERED NUMBER: 10624343)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 August 2023
and 31 July 2024 1,480,866
NET BOOK VALUE
At 31 July 2024 1,480,866
At 31 July 2023 1,480,866

Fair value at 31 July 2024 is represented by:
£
Valuation in 2021 80,000
Valuation in 2022 21,838
Cost 1,379,028
1,480,866

Investment properties were valued on an open market basis on 31 July 2024 by the Director .

5. RESERVES
Fair value
reserve
£
At 1 August 2023
and 31 July 2024 76,379

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Donald Adams FCA (Senior Statutory Auditor)
for and on behalf of Baines Jewitt Limited

7. CONTINGENT LIABILITIES

There is a cross guarantee between companies within the group which gives a first legal charge over some of the investment properties on the balance sheet.

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The parent company, Blue Aardvark Holdings Limited, draws up consolidated financial statements. Its registered office is The Purvis Building, Leeholme Road, Billingham, TS23 3TA.