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Registered number: 13035059
BCHAIN P001 (BCP001) LTD
Financial Statements
For The Year Ended 30 November 2024
Sasha Associates
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13035059
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 440,205 297,205
440,205 297,205
CURRENT ASSETS
Cash at bank and in hand 166 166
166 166
Creditors: Amounts Falling Due Within One Year 5 (104,854 ) -
NET CURRENT ASSETS (LIABILITIES) (104,688 ) 166
TOTAL ASSETS LESS CURRENT LIABILITIES 335,517 297,371
Creditors: Amounts Falling Due After More Than One Year 6 (196,972 ) (297,205 )
NET ASSETS 138,545 166
CAPITAL AND RESERVES
Called up share capital 7 100 100
Revaluation reserve 8 143,000 -
Profit and Loss Account (4,555 ) 66
SHAREHOLDERS' FUNDS 138,545 166
Page 1
Page 2
For the year ending 30 November 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
M Azeem Jilani
Director
28 March 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
BCHAIN P001 (BCP001) LTD is a private company, limited by shares, incorporated in England & Wales, registered number 13035059 . The registered office is 6 Penine Parade, Pennine Drive, London, NW2 1NT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Nil
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Freehold
£
Cost or Valuation
As at 1 December 2023 297,205
Revaluation 143,000
As at 30 November 2024 440,205
...CONTINUED
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Net Book Value
As at 30 November 2024 440,205
As at 1 December 2023 297,205
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 104,104 -
Accruals 750 -
104,854 -
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 196,972 297,205
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Reserves
Revaluation Reserve
£
Revaluation reserves 143,000
As at 30 November 2024 143,000
The directors have carried out an internal valuation of the company’s properties on 27 March 2025, reflecting the estimated fair value as of 30 November 2024. Based on their assessment, the properties have been revalued upwards by £143,000, reflecting its fair value at the balance sheet date.
This revaluation has been made in accordance with applicable accounting policies and standards, with no external valuer engaged. The revaluation surplus of £143,000 has been recorded in the revaluation reserve within the financial statements.
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