Registered number
12108401
BuBen Investments Ltd
Filleted Accounts
31 July 2024
BuBen Investments Ltd
Registered number: 12108401
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 785,000 670,410
Current assets
Debtors 4 3,399 20,072
Cash at bank and in hand 1,820 20,813
5,219 40,885
Creditors: amounts falling due within one year 5 (6,733) (690)
Net current (liabilities)/assets (1,514) 40,195
Total assets less current liabilities 783,486 710,605
Creditors: amounts falling due after more than one year 6 (710,713) (748,329)
Provisions for liabilities (53,136) (10,272)
Net assets/(liabilities) 19,637 (47,996)
Capital and reserves
Called up share capital 500 500
Revaluation reserve 7 168,265 43,792
Profit and loss account (149,128) (92,288)
Shareholders' funds 19,637 (47,996)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Troy Nrepepaj
Director
Approved by the board on 16 April 2025
BuBen Investments Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from property rentals.
Tangible fixed assets
Investment properties are stated at their fair market value, based on current market values of similar properties determined annually by the director or a professional valuer.
Equipment fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets, other than investment properties, over its expected useful life, as follows:
Investment properties not depreciated
Fixtures, fittings, tools and equipment over 3 to 5 years
Debtors
Debtors are measured at transaction price less any impairment losses for bad and doubtful debts.
Creditors
All creditors and loans are measured at transaction price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 August 2023 670,000 788 670,788
Additions 72,609 - 72,609
Surplus on revaluation 172,391 - 172,391
Disposals (130,000) - (130,000)
At 31 July 2024 785,000 788 785,788
Depreciation
At 1 August 2023 - 378 378
Charge for the year - 410 410
At 31 July 2024 - 788 788
Net book value
At 31 July 2024 785,000 - 785,000
At 31 July 2023 670,000 410 670,410
4 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 2,970 19,643
Other debtors 429 429
3,399 20,072
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 6,000 -
Trade creditors 13 13
Other creditors 720 677
6,733 690
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 380,455 463,738
Amounts owed to group undertakings and undertakings in which the company has a participating interest 330,258 284,591
710,713 748,329
7 Revaluation reserve 2024 2023
£ £
At 1 August 2023 43,792 37,757
Gain on revaluation of land and buildings 167,337 7,450
Deferred taxation arising on the revaluation of land and buildings (42,864) (1,415)
At 31 July 2024 168,265 43,792
The fair value of the property at 31st July 2024 has been arrived at on the basis of a valuation carried out at that date by a professionally qualified valuer.
8 Other information
BuBen Investments Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Rycroft
School Road
Broughton
Cambs
PE28 3AT
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