IRIS Accounts Production v24.3.2.46 12552894 Board of Directors 1.10.23 30.9.24 30.9.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh125528942023-09-30125528942024-09-30125528942023-10-012024-09-30125528942022-09-30125528942022-10-012023-09-30125528942023-09-3012552894ns15:EnglandWales2023-10-012024-09-3012552894ns14:PoundSterling2023-10-012024-09-3012552894ns10:Director12023-10-012024-09-3012552894ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3012552894ns10:SmallEntities2023-10-012024-09-3012552894ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3012552894ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3012552894ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3012552894ns10:FullAccounts2023-10-012024-09-3012552894ns10:Director22023-10-012024-09-3012552894ns10:RegisteredOffice2023-10-012024-09-3012552894ns5:CurrentFinancialInstruments2024-09-3012552894ns5:CurrentFinancialInstruments2023-09-3012552894ns5:Non-currentFinancialInstruments2024-09-3012552894ns5:Non-currentFinancialInstruments2023-09-3012552894ns5:ShareCapital2024-09-3012552894ns5:ShareCapital2023-09-3012552894ns5:RetainedEarningsAccumulatedLosses2024-09-3012552894ns5:RetainedEarningsAccumulatedLosses2023-09-3012552894ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3012552894ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3012552894ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-09-3012552894ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-09-3012552894ns5:Secured2024-09-3012552894ns5:Secured2023-09-30
REGISTERED NUMBER: 12552894 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

BBCF Developments Ltd

BBCF Developments Ltd (Registered number: 12552894)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BBCF Developments Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: J G Cooper
J M Cooper





REGISTERED OFFICE: Woodend
The Crescent
Scarborough
North Yorkshire
YO11 2PW





REGISTERED NUMBER: 12552894 (England and Wales)





ACCOUNTANTS: Edward Milnes & Co
Woodend
The Crescent
Scarborough
North Yorkshire
YO11 2PW

BBCF Developments Ltd (Registered number: 12552894)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 722,000 700,000

CURRENT ASSETS
Debtors 5 1,099 997
Cash at bank 24,658 8,610
25,757 9,607
CREDITORS
Amounts falling due within one year 6 161,770 157,664
NET CURRENT LIABILITIES (136,013 ) (148,057 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

585,987

551,943

CREDITORS
Amounts falling due after more than one
year

7

(99,466

)

(99,465

)

PROVISIONS FOR LIABILITIES (90,272 ) (85,272 )
NET ASSETS 396,249 367,206

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 396,149 367,106
396,249 367,206

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

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.

BBCF Developments Ltd (Registered number: 12552894)

Balance Sheet - continued
30 September 2024


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2025 and were signed on its behalf by:





J G Cooper - Director


BBCF Developments Ltd (Registered number: 12552894)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

BBCF Developments Ltd 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.

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 NIL (2023 - NIL).

BBCF Developments Ltd (Registered number: 12552894)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 700,000
Additions 2,000
Revaluations 20,000
At 30 September 2024 722,000
NET BOOK VALUE
At 30 September 2024 722,000
At 30 September 2023 700,000

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2023 341,091
Valuation in 2024 20,000
Cost 360,909
722,000

If investment property had not been revalued it would have been included at the following historical cost:

30.9.24 30.9.23
£    £   
Cost 360,909 358,909

Investment property was valued on an open market basis on 30 September 2024 by J G Cooper .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 1,099 997

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors - 18
Taxation and social security 4,980 823
Other creditors 156,790 156,823
161,770 157,664

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 99,466 99,465

BBCF Developments Ltd (Registered number: 12552894)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.9.24 30.9.23
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 99,466 99,465

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 99,466 99,465

The bank loan is secured by way of a mortgage charge over the company's investment property at 25 Wreyfield Drive, Scarborough, YO12 6NP.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

J G Cooper and his wife Mrs L L Cooper have given personal guarantees in respect of the bank loan.

10. RELATED PARTY DISCLOSURES

J G Cooper, a director of the company, and his wife Mrs L L Cooper, who is also a substantial shareholder in the company, have granted the company an interest free loan with no specific terms of repayment. The movements during the period were as follows:

£

Balance at 1 October 2023 156,360

Advances 338

Repayments (341 )
Balance at 30 September 2024 156,357

The balance at the year end is included within creditors falling due within one year.

The company has granted a five year lease of the land held as investment property at The Yard, Burniston Road, Scarborough, YO13 0DA to BBC Formwork Ltd, a company under the control of J G Cooper, a director of the company. During the year, the company received rents totalling £4,800 in respect of this lease (2023 - £4,800).

The company has commenced renting the residential element of property held as investment property at 55 Dean Road, Scarborough, YO12 7QS to J M Cooper, a director of the company. During the year, the company received rents totalling £6,375 in respect of this (2023 - £1,375).

11. ULTIMATE CONTROLLING PARTY

The controlling party is J G Cooper.