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Registered Number: 12139492
England and Wales

 

 

 


Abridged Accounts

for the year ended 31 March 2024

for

BIG PROPERTY INVESTMENTS LTD

 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 33,681    47,911 
33,681    47,911 
Current assets      
Debtors 63,804    5,888 
Cash at bank and in hand 10,481    7,386 
74,285    13,274 
Creditors: amount falling due within one year (156,573)   (124,494)
Net current assets (82,288)   (111,220)
 
Total assets less current liabilities (48,607)   (63,309)
Creditors: amount falling due after more than one year (33,130)   (38,658)
Net assets (81,737)   (101,967)
 

Capital and reserves
     
Called up share capital 4 1    1 
Profit and loss account (81,738)   (101,968)
Shareholders' funds (81,737)   (101,967)
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The directors of the company have elected not to include the Income Statement within the financial statements.
The financial statements were approved by the board of directors on 27 March 2025 and were signed on its behalf by:


-------------------------------
A Grubliauskas
Director
1
General Information
Big Property Investments Ltd is a company limited by shares and is incorporated in England and Wales. The address of the registered office is First Floor, 24 High Street, Kings Heath, Birmingham, West Midlands, B14 7JT. The nature of the company's operations and its principal activity was that of a property rental business.
1.

Accounting policies

Significant accounting policies
The company's financial statements have been prepared in compliance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' and the Companies Act 2006.

The financial statements have been prepared under the historical cost convention and on a going concern basis. The financial statements comprise the unaudited financial statements of the company up to 31 March each year, and are stated in pound sterling, the company's functional and presentational currency.

The principal accounting policies applied in the preparation of these financial statements are set out below, these policies have been applied consistently to all the years presented, unless otherwise stated.
Going concern basis
The directors have formed a judgement, at the time of approving the financial statements, that there is an expectation that the Company, with the support of its shareholders, has adequate resources to continue in operational existence for the foreseeable future being at least twelve months from the date of the financial statements. For this reason, they continue to adopt the going concern basis in preparing the financial statements as set out in the going concern section of the Directors' Report.
Turnover
Turnover comprises rental income receivable during the period.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Straight Line
Fixtures and Fittings 20% Straight Line
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Total
  £   £   £
At 01 April 2023   81,064    81,064 
Additions 428    2,051    2,479 
Disposals    
At 31 March 2024 428    83,115    83,543 
Depreciation
At 01 April 2023   33,153    33,153 
Charge for year 86    16,623    16,709 
On disposals    
At 31 March 2024 86    49,776    49,862 
Net book values
Closing balance as at 31 March 2024 342    33,339    33,681 
Opening balance as at 01 April 2023   47,911    47,911 


4.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
1 Ordinary share of £1.00 each  
 

2