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REGISTERED NUMBER: 10108677 (England and Wales)















Financial Statements for the Year Ended 29th April 2024

for

Bevan Property Services Limited

Bevan Property Services Limited (Registered number: 10108677)






Contents of the Financial Statements
for the Year Ended 29th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bevan Property Services Limited

Company Information
for the Year Ended 29th April 2024







DIRECTORS: Mr D G Bevan
Mr A E Bevan





REGISTERED OFFICE: 21 North Road
Newbridge
Newport
NP11 4AE





REGISTERED NUMBER: 10108677 (England and Wales)

Bevan Property Services Limited (Registered number: 10108677)

Balance Sheet
29th April 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 1,582,425 935,000

CURRENT ASSETS
Debtors 5 500 500
Cash at bank 18,462 78,129
18,962 78,629
CREDITORS
Amounts falling due within one year 6 172,530 133,520
NET CURRENT LIABILITIES (153,568 ) (54,891 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,428,857

880,109

CREDITORS
Amounts falling due after more than one
year

7

(1,193,264

)

(601,942

)

PROVISIONS FOR LIABILITIES (76,804 ) (60,869 )
NET ASSETS 158,789 217,298

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 230,412 251,282
Retained earnings (71,723 ) (34,084 )
SHAREHOLDERS' FUNDS 158,789 217,298

Bevan Property Services Limited (Registered number: 10108677)

Balance Sheet - continued
29th April 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th April 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 Income Statement and Directors Report has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st March 2025 and were signed on its behalf by:





Mr D G Bevan - Director


Bevan Property Services Limited (Registered number: 10108677)

Notes to the Financial Statements
for the Year Ended 29th April 2024

1. STATUTORY INFORMATION

Bevan Property Services 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

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
Turnover 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 Income Statement and Directors Report, 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 balance sheet date.

Deferred tax
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.

3. EMPLOYEES AND DIRECTORS

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

Bevan Property Services Limited (Registered number: 10108677)

Notes to the Financial Statements - continued
for the Year Ended 29th April 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 30th April 2023 935,000
Additions 652,361
Revaluations (4,936 )
At 29th April 2024 1,582,425
NET BOOK VALUE
At 29th April 2024 1,582,425
At 29th April 2023 935,000

The investment properties were valued on an open market basis as at 30th April 2024 by the directors.

Consideration was given to a post year end valuation carried out by Crook & Blight Estate Agents , Newport in November/December 2024.

Fair value at 29th April 2024 is represented by:
£   
Valuation in 2023 312,151
Valuation in 2024 (4,936 )
Cost 1,275,210
1,582,425

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 500 500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,702 4,228
Taxation and social security 175 40
Other creditors 163,653 129,252
172,530 133,520

Bevan Property Services Limited (Registered number: 10108677)

Notes to the Financial Statements - continued
for the Year Ended 29th April 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 1,155,845 554,057
Other creditors 37,419 47,885
1,193,264 601,942

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,155,845 554,057

Bank loans and mortgage debt are secured by way of a fixed and floating charge over all of the company's property and assets.

9. RESERVES
Fair
value
reserve
£   
At 30th April 2023 251,282
Investment property
revaluation (20,870 )

At 29th April 2024 230,412

10. RELATED PARTY DISCLOSURES

Mr A Bevan and Mr D Bevan are directors and 25% shareholders in Number One Property Management Ltd.

Number One Property Management Ltd manages the investment property portfolio of Bevan Property Services Limited.