REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 December 2024 |
for |
Bus Property Rental LTD |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 December 2024 |
for |
Bus Property Rental LTD |
Bus Property Rental LTD (Registered number: 13415064) |
Contents of the Financial Statements |
for the Year Ended 31 December 2024 |
Page |
Statement of Financial Position | 1 |
Notes to the Financial Statements | 3 |
Bus Property Rental LTD (Registered number: 13415064) |
Statement of Financial Position |
31 December 2024 |
31.12.24 | 31.12.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET (LIABILITIES)/ASSETS | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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. |
Bus Property Rental LTD (Registered number: 13415064) |
Statement of Financial Position - continued |
31 December 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
Bus Property Rental LTD (Registered number: 13415064) |
Notes to the Financial Statements |
for the Year Ended 31 December 2024 |
1. | STATUTORY INFORMATION |
Bus Property Rental LTD is a |
Registered number: |
Registered office: |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents the fair value of rent received or receivable from the investment properties, excluding discounts, rebates, value added tax and other sales taxes. |
Investment property |
Investment properties are 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 statement of financial position date. |
Bus Property Rental LTD (Registered number: 13415064) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2024 |
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
Going concern |
The company has net liabilities of £3,611. The accounts have been prepared on going concern basis as the directors have confirmed that they will continue to provide financial support to the company for the foreseeable future. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 January 2024 |
Additions |
Impairments | (9,401 | ) |
At 31 December 2024 |
NET BOOK VALUE |
At 31 December 2024 |
At 31 December 2023 |
Fair value at 31 December 2024 is represented by: |
£ |
Valuation in 2022 | 49,497 |
Valuation in 2023 | (49,497 | ) |
Valuation in 2024 | (9,401 | ) |
Cost | 2,236,401 |
2,227,000 |
Bus Property Rental LTD (Registered number: 13415064) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2024 |
4. | INVESTMENT PROPERTY - continued |
Investment property situated at Richmond House, Alexandra Road, Llandrindod Wells, LD15LS and The Reddings, Alexander Road, Llandrindod Wells, LD15LS are under a charge from Hampshire Trust Bank PLC. The charge was created on 16th December 2022. |
Investment property situated at Temple Lodge, Temple Avenue, Llandrindod Wells, LD1 5LR and Alexandra House, Alexandra Road, Llandrindod Wells, LD1 5LS, Liberal House, Charles Street, Milford Haven, SA73 2HL, Mappleton, Goodsheds Lofts, Hood Road, Barry, CF62 5QT, Turnberry, Goodsheds Lofts, Hood Road, Barry, CF62 5QT, Hampton, Goodsheds Lofts, Hood Road, Barry, CF62 5QTand Whitmore, Goodsheds Lofts, Hood Road, Barry, CF62 5Q are under a charge from Hampshire Trust Bank PLC. The charge was created on 10th July 2024. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.24 | 31.12.23 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.24 | 31.12.23 |
£ | £ |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.12.24 | 31.12.23 |
£ | £ |
Bank loans |
Other creditors |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Bank loans more 5 yrs non-inst |
Bus Property Rental LTD (Registered number: 13415064) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2024 |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.12.24 | 31.12.23 |
£ | £ |
Bank loans |
The loan amounting to £229,500 is secured by the way of charge on the property situated at Richmond House, Alexandra Road, Llandrindod Wells, LD15LS and The Reddings, Alexander Road, Llandrindod Wells, LD15LS (disclosed as investment property). The charge was created in the name of Hampshire Trust Bank PLC on 16th December 2022. |
The loan amounting to £1,201,815 is secured by the way of charge on the property situated at Temple Lodge, Temple Avenue, Llandrindod Wells, LD1 5LR and Alexandra House, Alexandra Road, Llandrindod Wells, LD1 5LS, Liberal House, Charles Street, Milford Haven, SA73 2HL, Mappleton, Goodsheds Lofts, Hood Road, Barry, CF62 5QT, Turnberry, Goodsheds Lofts, Hood Road, Barry, CF62 5QT, Hampton, Goodsheds Lofts, Hood Road, Barry, CF62 5QTand Whitmore, Goodsheds Lofts, Hood Road, Barry, CF62 5QT (disclosed as investment property). The charge was created in the name of Hampshire Trust Bank PLC on 10th July 2024. |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.24 | 31.12.23 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
10. | RELATED PARTY DISCLOSURES |
The company owes £702 (2023: £1,952) to its director, Mrs Anne Johanna Wilhelmina Oosterholt as at accounting year end date. |
The company owes £702 (2023: £1,953) to its director, Mr Dave Johannes Andreas Bus as at accounting year end date. |
The company owes £880,883 including €786,807 (2023: £1,120,973 including €1,073,266) to Bus Vastgoed B.V., a company registered in Netherlands, who is also a sole shareholder of the company as at accounting year end date. |