REGISTERED NUMBER: 03646460 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

B & A INVESTMENTS LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A C Johnson

Mrs J Johnson

SECRETARY:

Mrs J Johnson

REGISTERED OFFICE:

Copia House

Great Cliffe Court

Great Cliffe Road

Barnsley

South Yorkshire

S75 3SP

REGISTERED NUMBER:

03646460 (England and Wales)

ACCOUNTANTS:

SMH Reed Smith Limited

Copia House

Great Cliffe Court

Great Cliffe Road

Barnsley

South Yorkshire

S75 3SP

BANKERS:

Handelsbanken Plc

First Floor Unit G

The Point

Bradmarsh Way

Rotherham

S60 1BP

FIXED ASSETS

Investment property

4

820,000

635,000

CURRENT ASSETS

Debtors

5

122,817

134,027

Cash at bank

4,078

3,474

126,895

137,501

CREDITORS

Amounts falling due within one year

6

66,563

255,918

NET CURRENT ASSETS/(LIABILITIES)

60,332

(118,417

)

TOTAL ASSETS LESS CURRENT LIABILITIES

880,332

516,583

CREDITORS

Amounts falling due after more than one year

7

(171,889

)

(8,638

)

PROVISIONS FOR LIABILITIES

(6,407

)

-

NET ASSETS

702,036

507,945

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

701,936

507,845

SHAREHOLDERS' FUNDS

702,036

507,945

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2025 and were signed on its behalf by:

Mr A C Johnson - Director

Mrs J Johnson - Director

1.	STATUTORY INFORMATION

B & A Investments Ltd 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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2023

635,000

Revaluations

185,000

At 31 October 2024

820,000

NET BOOK VALUE

At 31 October 2024

820,000

At 31 October 2023

635,000

Fair value at 31 October 2024 is represented by:

£

Valuation in 2003

55,652

Valuation in 2005

2,840

Valuation in 2010

73,372

Valuation in 2016

(274,754

)

Valuation in 2017

107,473

Valuation in 2018

(46,575

)

Valuation in 2019

41,346

Valuation in 2021

(4,396

)

Valuation in 2024

185,000

Cost

680,042

820,000

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

2024

2023

£

£

Cost

680,042

680,042

Investment property was valued on an open market basis on 19 August 2024 by WSB Property Consultants LLP .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

869

2,079

Other debtors

121,948

131,948

122,817

134,027

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

23,011

209,173

Trade creditors

907

3,524

Taxation and social security

7,431

11,701

Other creditors

35,214

31,520

66,563

255,918

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

171,889

8,638

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

186,263

205,184

The Handelsbanken plc bank loan is secured by charges over the investment property of the company together with a debenture over the whole assets of the company.

9.	RELATED PARTY DISCLOSURES

Turnover includes £6,000 (2023: £6,000) from AVJ Investments Limited

Debtors: Amounts falling due within one year includes £121,770 (2023: £131,770) due from B & A Works Limited.

Creditors: Amounts falling due within one year includes £31,872 (2023: £27,372) due to AVJ Investments Limited.