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REGISTERED NUMBER: 08626236 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

BUZZ PROPERTY LIMITED

BUZZ PROPERTY LIMITED (REGISTERED NUMBER: 08626236)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BUZZ PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Ms K N Tuffin
D S Tuffin





REGISTERED OFFICE: The Oast House
Crismell Lane
Bearsted
Maidstone
Kent
ME14 4NT





REGISTERED NUMBER: 08626236 (England and Wales)





ACCOUNTANTS: Andrew Cross & Co.
Chartered Certified Accountants
6 Green Lane Business Park
238 Green Lane
New Eltham
London
SE9 3TL

BUZZ PROPERTY LIMITED (REGISTERED NUMBER: 08626236)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,372 1,829
Investment property 5 650,000 533,706
651,372 535,535

CURRENT ASSETS
Cash at bank 2,707 -

CREDITORS
Amounts falling due within one year 6 13,907 3,139
NET CURRENT LIABILITIES (11,200 ) (3,139 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

640,172

532,396

CREDITORS
Amounts falling due after more than one
year

7

(585,706

)

(583,206

)

PROVISIONS FOR LIABILITIES (29,074 ) -
NET ASSETS/(LIABILITIES) 25,392 (50,810 )

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 87,221 -
Retained earnings (61,929 ) (50,910 )
SHAREHOLDERS' FUNDS 25,392 (50,810 )

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

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

BUZZ PROPERTY LIMITED (REGISTERED NUMBER: 08626236)

BALANCE SHEET - continued
31 JULY 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 April 2025 and were signed on its behalf by:




D S Tuffin - Director



Ms K N Tuffin - Director


BUZZ PROPERTY LIMITED (REGISTERED NUMBER: 08626236)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Buzz Property Limited 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

Going concern
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.

These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during uncertain period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 24,081
DEPRECIATION
At 1 August 2023 22,252
Charge for year 457
At 31 July 2024 22,709
NET BOOK VALUE
At 31 July 2024 1,372
At 31 July 2023 1,829

BUZZ PROPERTY LIMITED (REGISTERED NUMBER: 08626236)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 533,706
Revaluations 116,294
At 31 July 2024 650,000
NET BOOK VALUE
At 31 July 2024 650,000
At 31 July 2023 533,706

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2024 650,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 1,609
Other creditors 13,907 1,530
13,907 3,139

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 585,706 583,206

Included under creditors over one year is an amount of £585,706 (2023- £583,206) relates to the balance of monies owed to the directors representing balance of monies invested in the company from their own and family reserves. The directors consider this amount as a long term investment and will not withdraw this until the company's finances are in a position to enable this to be done without impacting on the business.

8. RELATED PARTY DISCLOSURES

Included in rental income is an amount of £9,750 charged to Beekeeping Supplies LTD, a company under the control of the directors of Buzz Property LTD. Rental income is charged on arm's-length basis.

Also, included under other creditors within one year is an amount of £12,377 owed to Beekeeping supplies LTD a company under the same control as Buzz Property LTD.