Company Registration No. 13504045 (England and Wales)
BP EQUITIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
BP EQUITIES LIMITED
CONTENTS
Page
Statement of comprehensive income
1
Balance sheet
2
Statement of changes in equity
Notes to the financial statements
3 - 4
BP EQUITIES LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 JULY 2024
- 1 -
2024
2023
£
£
Loss for the year
(47,239)
(46,507)
Other comprehensive income
Revaluation of tangible fixed assets
265,950
-
0
Total comprehensive income for the year
218,711
(46,507)
BP EQUITIES LIMITED
BALANCE SHEET
AS AT
31 JULY 2024
31 July 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
670,000
259,050
Current assets
Cash at bank and in hand
15,078
26,415
Creditors: amounts falling due within one year
4
(249,210)
(101,904)
Net current liabilities
(234,132)
(75,489)
Total assets less current liabilities
435,868
183,561
Creditors: amounts falling due after more than one year
5
(263,564)
(229,968)
Net assets/(liabilities)
172,304
(46,407)
Capital and reserves
Called up share capital
7
100
100
Revaluation reserve
265,950
-
0
Profit and loss reserves
(93,746)
(46,507)
Total equity
172,304
(46,407)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 27 April 2025
Mr Nigel Pierce
Director
Company Registration No. 13504045
BP EQUITIES LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024
31 July 2024
- 3 -
1
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
3
Tangible fixed assets
Freehold land and buildings
£
Cost
At 1 August 2023
259,050
Additions
145,000
Revaluation
265,950
At 31 July 2024
670,000
Depreciation and impairment
At 1 August 2023 and 31 July 2024
-
0
Carrying amount
At 31 July 2024
670,000
At 31 July 2023
259,050
4
Creditors: amounts falling due within one year
2024
2023
£
£
Payments received on account
2,000
-
0
Other creditors
246,400
101,400
Accruals and deferred income
810
504
249,210
101,904
BP EQUITIES LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024
31 July 2024
- 4 -
5
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Bank loans and overdrafts
6
263,564
229,968
6
Loans and overdrafts
2024
2023
£
£
Bank loans
263,564
229,968
Payable after one year
263,564
229,968

[An entity shall disclose information that enables users of its financial statements to evaluate the significance of financial instruments for its financial position and performance. For example, for long term debt such information would normally include the terms and conditions of the debt instrument (such as interest rate, maturity, repayment schedule, and restrictions that the debt instrument imposes on the entity.]

7
Share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary Shares of £1 each
100
100
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