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REGISTERED NUMBER: 04904131 (England and Wales)



















Financial Statements

for the Year Ended 30 June 2024

for

BBHP Limited

BBHP Limited (Registered number: 04904131)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BBHP Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: N J Humphreys
T E Clark
J R Bailey





SECRETARY: T E Clark





REGISTERED OFFICE: 39 Ashby Road
Loughbrough
Leicestershire
LE11 3AA





REGISTERED NUMBER: 04904131 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

BBHP Limited (Registered number: 04904131)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,595,000 2,440,000

CURRENT ASSETS
Debtors 5 1,421,986 859,167
Cash at bank 317,756 955,321
1,739,742 1,814,488
CREDITORS
Amounts falling due within one year 6 168,578 323,974
NET CURRENT ASSETS 1,571,164 1,490,514
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,166,164

3,930,514

CREDITORS
Amounts falling due after more than one
year

7

1,156,572

1,682,520
NET ASSETS 2,009,592 2,247,994

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 9 130,845 545,803
Retained earnings 9 1,877,747 1,701,191
SHAREHOLDERS' FUNDS 2,009,592 2,247,994

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

BBHP Limited (Registered number: 04904131)

Balance Sheet - continued
30 June 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by:





N J Humphreys - Director


BBHP Limited (Registered number: 04904131)

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

1. STATUTORY INFORMATION

BBHP Limited 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 represents rents receivable from investment properties and is recognised as it falls due, in accordance with the lease to which it relates.

Investment property
Investment property is not depreciated but is revalued annually at its fair value, in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss and transferred to a fair value reserve.

Deferred tax
Provision is made at current rates for taxation deferred in respect of all material timing differences, including provisions made for potential tax arising on assets which have been revalued.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 2,440,000
Disposals (680,000 )
Revaluations (165,000 )
At 30 June 2024 1,595,000
NET BOOK VALUE
At 30 June 2024 1,595,000
At 30 June 2023 2,440,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2024 1,595,000

BBHP Limited (Registered number: 04904131)

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

4. INVESTMENT PROPERTY - continued

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

2024 2023
£    £   
Cost 1,464,155 1,813,197
Aggregate depreciation (491,873 ) (571,264 )

Investment property was valued on fair value basis on 30 June 2024 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,337 25,379
Other debtors 2,013 17,006
Owed by related parties 1,412,381 812,003
Prepayments 2,255 4,779
1,421,986 859,167

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 78,833
Trade creditors 2,400 5,592
Amounts owed to group undertakings 54,661 84,656
Tax 41,384 70,852
Other creditors 5,074 13,784
Directors' current accounts 62,059 66,557
Accruals and deferred income 3,000 3,700
168,578 323,974

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans 1-5 years - 156,581
Other loans over 5 years 1,156,572 1,525,939
1,156,572 1,682,520

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans over 5 years 1,156,572 1,525,939

BBHP Limited (Registered number: 04904131)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 78,833
Other loans 1,156,572 1,682,520
1,156,572 1,761,353

All loans are secured over the respective investment properties to which the loans relate.

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 July 2023 1,701,191 545,803 2,246,994
Deficit for the year (238,402 ) (238,402 )
Realised profits on disposal 330,958 (330,958 ) -
Unrealised losses on revaluation 165,000 (165,000 ) -
Transfer of deferred tax
movement

(81,000

)

81,000

-

At 30 June 2024 1,877,747 130,845 2,008,592