Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31Other letting and operating of own or leased real estate22023-04-01falsetrue2falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14101525 2023-04-01 2024-03-31 14101525 2022-05-11 2023-03-31 14101525 2024-03-31 14101525 2023-03-31 14101525 c:Director2 2023-04-01 2024-03-31 14101525 d:FreeholdInvestmentProperty 2023-04-01 2024-03-31 14101525 d:FreeholdInvestmentProperty 2024-03-31 14101525 d:FreeholdInvestmentProperty 2023-03-31 14101525 d:FreeholdInvestmentProperty 2 2023-04-01 2024-03-31 14101525 d:CurrentFinancialInstruments 2024-03-31 14101525 d:CurrentFinancialInstruments 2023-03-31 14101525 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14101525 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 14101525 d:ShareCapital 2024-03-31 14101525 d:ShareCapital 2023-03-31 14101525 d:RetainedEarningsAccumulatedLosses 2024-03-31 14101525 d:RetainedEarningsAccumulatedLosses 2023-03-31 14101525 c:OrdinaryShareClass1 2023-04-01 2024-03-31 14101525 c:OrdinaryShareClass1 2024-03-31 14101525 c:OrdinaryShareClass1 2023-03-31 14101525 c:FRS102 2023-04-01 2024-03-31 14101525 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 14101525 c:FullAccounts 2023-04-01 2024-03-31 14101525 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 14101525 f:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14101525










B1 HOME LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
B1 HOME LIMITED
REGISTERED NUMBER: 14101525

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
590,000
591,913

Current assets
  

Cash at bank and in hand
  
3,677
8,919

Creditors: amounts falling due within one year
 5 
(770,713)
(682,326)

Net current liabilities
  
 
 
(767,036)
 
 
(673,407)

  

Net liabilities
  
(177,036)
(81,494)


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
(177,136)
(81,594)

  
(177,036)
(81,494)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Babar Usman Wahid
Director

Date: 7 March 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
B1 HOME LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

B1 Home Limited is a private company, limited by shares, incorporated in England and Wales within the United Kingdom. The registered office address is 6th Floor, 2 London Wall Place, London, EC2Y 5AU. The company registration number is 14101525.
The financial statements for the current year are prepared for 12 months whereas the prior period comparatives are for the period from 11 May 2022 to 31 March 2023 and so are not entirely comparable.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have prepared the financial statements on a going concern basis, which assumes that the Company will continue in operational existence for the foreseeable future. At the year-end, the Company had net liabilities of £177,036 (2023: £81,494). The directors have agreed to support the business for a period of at least 12 months after the balance sheet date,

 
2.3

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.4

Creditors

Short-term 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.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 2

 
B1 HOME LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
591,913


Additions at cost
86,030


Surplus on revaluation
(87,943)



At 31 March 2024
590,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.



At 31 March 2024



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
591,913
591,913


5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,500
-

Amounts owed to group undertakings
765,713
616,193

Other creditors
-
63,633

Accruals and deferred income
2,500
2,500

770,713
682,326


Page 3

 
B1 HOME LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100


 
Page 4