Company Registration No. 03068567 (England and Wales)
Bylin Properties Limited
Unaudited accounts
for the year ended 30 June 2024
Bylin Properties Limited
Unaudited accounts
Contents
Bylin Properties Limited
Statement of financial position
as at 30 June 2024
Tangible assets
98,773
99,133
Cash at bank and in hand
478
2,186
Creditors: amounts falling due within one year
(88,656)
(86,342)
Net current liabilities
(88,178)
(82,156)
Total assets less current liabilities
10,595
16,977
Creditors: amounts falling due after more than one year
(4,027)
(10,138)
Called up share capital
2
2
Profit and loss account
6,566
6,837
Shareholders' funds
6,568
6,839
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 March 2025 and were signed on its behalf by
Byron Paul Butler
Director
Company Registration No. 03068567
Bylin Properties Limited
Notes to the Accounts
for the year ended 30 June 2024
Bylin Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 03068567. The registered office is Bylin House, Clay Lake, Endon, Stoke-on-Trent, Staffordshire, ST9 9BT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value of goods provided to customers and work carried out in respect of services provided to customers. The company was not registered for VAT during the year.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
the directors are of the opinion that land and buildings do not need to depreciated any further.
Fixtures & fittings
20% reducing balance method.
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 July 2023
118,042
3,585
121,627
At 30 June 2024
118,042
3,585
121,627
At 1 July 2023
20,729
1,765
22,494
Charge for the year
-
360
360
At 30 June 2024
20,729
2,125
22,854
At 30 June 2024
97,313
1,460
98,773
At 30 June 2023
97,313
1,820
99,133
Bylin Properties Limited
Notes to the Accounts
for the year ended 30 June 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,120
-
Taxes and social security
690
2,156
Loans from directors
84,517
83,878
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).