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Company Registration No. 12107933 (England and Wales)
Byford Property Group Ltd Unaudited accounts for the year ended 16 July 2024
Byford Property Group Ltd Unaudited accounts Contents
Page
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Byford Property Group Ltd Company Information for the year ended 16 July 2024
Director
Mr Steven Byford
Company Number
12107933 (England and Wales)
Registered Office
64 Olton Croft Birmingham West Midlands B27 6PG England
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Byford Property Group Ltd Statement of financial position as at 16 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
98,389 
255 
Investment property
86,500 
85,000 
184,889 
85,255 
Current assets
Debtors
- 
38 
Cash at bank and in hand
4,919 
794 
4,919 
832 
Creditors: amounts falling due within one year
(120,495)
(49,650)
Net current liabilities
(115,576)
(48,818)
Total assets less current liabilities
69,313 
36,437 
Creditors: amounts falling due after more than one year
(88,296)
(42,750)
Provisions for liabilities
Deferred tax
(2,867)
(2,887)
Net liabilities
(21,850)
(9,200)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(21,851)
(9,201)
Shareholders' funds
(21,850)
(9,200)
For the year ending 16 July 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 director acknowledges his 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 and authorised for issue on 30 March 2025 and were signed on its behalf by
Mr Steven Byford Director Company Registration No. 12107933
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Byford Property Group Ltd Notes to the Accounts for the year ended 16 July 2024
1
Statutory information
Byford Property Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 12107933. The registered office is 64 Olton Croft, Birmingham, West Midlands, B27 6PG, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
at varying rates on cost
Investment property
Investment property represents the property held for renting to unrelated parties. Investment property was measured at fair value at balance sheet date with any gains recognised within the profit or loss account.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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. Deferred tax assets and liabilities are not discounted.
Leased assets
Assets held under finance leases or hire purchase contracts are included under tangible fixed assets in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments. Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
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Byford Property Group Ltd Notes to the Accounts for the year ended 16 July 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 17 July 2023
520 
Additions
98,416 
At 16 July 2024
98,936 
Depreciation
At 17 July 2023
265 
Charge for the year
282 
At 16 July 2024
547 
Net book value
At 16 July 2024
98,389 
At 16 July 2023
255 
5
Investment property
2024 
£ 
Fair value at 17 July 2023
85,000 
Additions
1,500 
At 16 July 2024
86,500 
Investment property was measured at fair value at the balance sheet date with any changes recognised within the profit or loss account.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
38 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
1,925 
- 
Trade creditors
- 
1,282 
Other creditors
- 
10,000 
Loans from directors
118,494 
38,294 
Accruals
76 
74 
120,495 
49,650 
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Byford Property Group Ltd Notes to the Accounts for the year ended 16 July 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
55,000 
42,750 
Obligations under finance leases and hire purchase contracts
33,296 
- 
88,296 
42,750 
Aggregate of amounts that fall due for payment after five years
81,080 
42,750 
Bank loan of £55,000 represents interest only BTL mortgage with the fixed annual interest rate of 6.15% for the first 2 years changing to variable rate thereafter. The lending is secured against the rental property included in the accounts.
9
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
29 
49 
Revaluation of investment property
2,838 
2,838 
2,867 
2,887 
2024 
2023 
£ 
£ 
Provision at start of year
2,887 
2,906 
Credited to the profit and loss account
(20)
(19)
Provision at end of year
2,867 
2,887 
10
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
11
Transactions with related parties
£118,495 is owed to the company director, the loan is interest free and is repayable on demand.
12
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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