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Company Registration No. 07935649 (England and Wales)







BALROS CONSTRUCTION LIMITED

UNAUDITED
FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2024




































Riordan O'Sullivan & Co
Chartered Certified Accountants
40 Chamberlayne Road
London
NW10 3JE

 
BALROS CONSTRUCTION LIMITED
 
 
COMPANY INFORMATION


Director
Francis Corduff 




Registered number
07935649



Registered office
40 Chamberlayne Road

London

NW10 3JE




Business address
6 Bankside Close

Reading

Berkshire

RG2 7NH






Accountants
Riordan O'Sullivan & Co.
Chartered Certified Accountants

40 Chamberlayne Road

London

NW10 3JE





 
BALROS CONSTRUCTION LIMITED
 

CONTENTS



Page
Balance Sheet
 
 
1
Notes to the Financial Statements
 
 
2 - 5


 
BALROS CONSTRUCTION LIMITED
REGISTERED NUMBER:07935649

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
84,836
96,665

Cash at bank and in hand
 5 
93,166
17,924

  
178,002
114,589

Creditors: amounts falling due within one year
 6 
(67,313)
(47,252)

Net current assets
  
 
 
110,689
 
 
67,337

Total assets less current liabilities
  
110,689
67,337

Creditors: amounts falling due after more than one year
 7 
(5,898)
(10,614)

  

Net assets
  
104,791
56,723


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
104,790
56,722

  
104,791
56,723


The director considers 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 director acknowledges his 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 profit and loss account 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 on 23 December 2024.


___________________________
Francis Corduff
Director

Page 1

 
BALROS CONSTRUCTION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Balros Construction Limited is a  private  company  limited by shares  incorporated in England and Wales. The registered office is  40 Chamberlayne Road, London, NW10 3JE.  

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the forseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable 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.

Page 2

 
BALROS CONSTRUCTION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Debtors

2024
2023
£
£


Trade debtors
57,598
77,829

Other debtors
27,238
18,836

84,836
96,665



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
93,166
17,924

93,166
17,924


Page 3

 
BALROS CONSTRUCTION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
5,526
5,526

Corporation tax
30,423
31,162

Other taxation and social security
27,364
7,564

Accruals
4,000
3,000

67,313
47,252



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
5,898
10,614

5,898
10,614



8.


Profit and loss reserves

2024
2023
£
£



Profit and loss account brought forward
56,722
39,407

Profit for the year
105,568
77,315

Dividend paid
(57,500)
(60,000)

104,790
56,722


9.


Share capital

2024
2023
£
£
Authorised, allotted, called up and fully paid



1  Ordinary share of £1.00
1
1



10.


Related party transactions

Dividend of £57,500 (2023: £60,000) was paid to Francis Corduff.

Page 4

 
BALROS CONSTRUCTION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

11.


Post balance sheet events

There were no events since the year end which materially affected the company.


12.


Controlling party

The controlling party is Francis Corduff who owns 100% of the issued ordinary share capital of the company. 

 
Page 5