1 1 Balmer Properties Ltd 11287710 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is that of property rental Digita Accounts Production Advanced 6.30.9574.0 true 11287710 2023-05-01 2024-04-30 11287710 2024-04-30 11287710 bus:Director2 1 2024-04-30 11287710 bus:OrdinaryShareClass1 bus:CumulativeShares 2024-04-30 11287710 bus:OrdinaryShareClass2 bus:CumulativeShares 2024-04-30 11287710 core:CurrentFinancialInstruments 2024-04-30 11287710 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 11287710 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 11287710 core:FurnitureFittingsToolsEquipment 2024-04-30 11287710 core:LandBuildings 2024-04-30 11287710 core:OtherPropertyPlantEquipment 2024-04-30 11287710 bus:SmallEntities 2023-05-01 2024-04-30 11287710 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 11287710 bus:FilletedAccounts 2023-05-01 2024-04-30 11287710 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 11287710 bus:Director1 2023-05-01 2024-04-30 11287710 bus:Director2 2023-05-01 2024-04-30 11287710 bus:Director2 1 2023-05-01 2024-04-30 11287710 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-05-01 2024-04-30 11287710 bus:OrdinaryShareClass2 bus:CumulativeShares 2023-05-01 2024-04-30 11287710 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11287710 core:FurnitureFittings 2023-05-01 2024-04-30 11287710 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 11287710 core:LandBuildings 2023-05-01 2024-04-30 11287710 core:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 11287710 core:PlantMachinery 2023-05-01 2024-04-30 11287710 countries:EnglandWales 2023-05-01 2024-04-30 11287710 2023-04-30 11287710 bus:Director2 1 2023-04-30 11287710 core:FurnitureFittingsToolsEquipment 2023-04-30 11287710 core:LandBuildings 2023-04-30 11287710 core:OtherPropertyPlantEquipment 2023-04-30 11287710 2022-05-01 2023-04-30 11287710 2023-04-30 11287710 bus:Director2 1 2023-04-30 11287710 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-04-30 11287710 bus:OrdinaryShareClass2 bus:CumulativeShares 2023-04-30 11287710 core:CurrentFinancialInstruments 2023-04-30 11287710 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 11287710 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 11287710 core:FurnitureFittingsToolsEquipment 2023-04-30 11287710 core:LandBuildings 2023-04-30 11287710 core:OtherPropertyPlantEquipment 2023-04-30 11287710 bus:Director2 1 2022-05-01 2023-04-30 11287710 bus:Director2 1 2022-04-30 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 11287710

Balmer Properties Ltd

Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 April 2024

 

Balmer Properties Ltd

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 7

 

Balmer Properties Ltd

(Registration number: 11287710)
Abridged Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

295,029

295,084

Current assets

 

Debtors

4

1,605

1,315

Cash at bank and in hand

 

1,812

72,226

 

3,417

73,541

Prepayments and accrued income

 

341

289

Creditors: Amounts falling due within one year

(6,095)

(63,755)

Net current (liabilities)/assets

 

(2,337)

10,075

Total assets less current liabilities

 

292,692

305,159

Creditors: Amounts falling due after more than one year

(219,642)

(225,569)

Accruals and deferred income

 

(1,238)

(5,466)

Net assets

 

71,812

74,124

Capital and reserves

 

Called up share capital

5

100

100

Revaluation reserve

86,000

86,000

Retained earnings

(14,288)

(11,976)

Shareholders' funds

 

71,812

74,124

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Balmer Properties Ltd

(Registration number: 11287710)
Abridged Balance Sheet as at 30 April 2024

Approved and authorised by the Board on 11 April 2025 and signed on its behalf by:
 

.........................................
Mrs Gurpavan Kaur Balmer
Director

 

Balmer Properties Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold Property

Held at cost

Plant and machinery

25% Straight line basis

Fixtures and fittings

33% Straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Balmer Properties Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

 

Balmer Properties Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

3

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 May 2023

295,000

227

220

295,447

At 30 April 2024

295,000

227

220

295,447

Depreciation

At 1 May 2023

-

227

136

363

Charge for the year

-

-

55

55

At 30 April 2024

-

227

191

418

Carrying amount

At 30 April 2024

295,000

-

29

295,029

At 30 April 2023

295,000

-

84

295,084

Included within the net book value of land and buildings above is £295,000 (2023 - £295,000) in respect of freehold land and buildings.
 

4

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

50

50

50

50

Ordinary A Shares of £1 each

50

50

50

50

100

100

100

100

6

Related party transactions

 

Balmer Properties Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

Transactions with directors

2024

At 1 May 2023
£

Advances to director
£

Other payments made to company by director
£

At 30 April 2024
£

Mr Christopher Balmer

Directors loan

(62,440)

60,714

(2,656)

(4,382)

2023

At 1 May 2022
£

Advances to director
£

Other payments made to company by director
£

At 30 April 2023
£

Mr Christopher Balmer

Directors loan

47,999

6,800

(117,239)

(62,440)

 

Balmer Properties Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

-

511