Ballerino Properties Ltd 04864778 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is developing and renting property Digita Accounts Production Advanced 6.30.9574.0 true true 04864778 2023-09-01 2024-08-31 04864778 2024-08-31 04864778 bus:OrdinaryShareClass1 2024-08-31 04864778 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 04864778 bus:SmallEntities 2023-09-01 2024-08-31 04864778 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 04864778 bus:FilletedAccounts 2023-09-01 2024-08-31 04864778 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 04864778 bus:RegisteredOffice 2023-09-01 2024-08-31 04864778 bus:CompanySecretary1 2023-09-01 2024-08-31 04864778 bus:Director1 2023-09-01 2024-08-31 04864778 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 04864778 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 04864778 bus:Agent1 2023-09-01 2024-08-31 04864778 core:OfficeEquipment 2023-09-01 2024-08-31 04864778 core:OtherRelatedParties 2023-09-01 2024-08-31 04864778 countries:England 2023-09-01 2024-08-31 04864778 2023-08-31 04864778 2022-09-01 2023-08-31 04864778 2023-08-31 04864778 bus:OrdinaryShareClass1 2023-08-31 04864778 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04864778

Ballerino Properties Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Ballerino Properties Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Ballerino Properties Ltd

Company Information

Director

Mr Ross Peter Ballerino

Company secretary

Mrs Kim Amanda Ballerino

Registered office

10 Ardmore Way
Guildford
Surrey
GU2 9RR

Accountants

Rouse Accountants
Chartered Certified Accountants10 Ardmore Way
Guildford
Surrey
GU2 9RR

 

Ballerino Properties Ltd

(Registration number: 04864778)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

6

645,870

645,870

Current assets

 

Cash at bank and in hand

 

447,483

362,088

Creditors: Amounts falling due within one year

7

(110,544)

(34,847)

Net current assets

 

336,939

327,241

Net assets

 

982,809

973,111

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

982,808

973,110

Shareholders' funds

 

982,809

973,111

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

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 April 2025
 

.........................................
Mr Ross Peter Ballerino
Director

 

Ballerino Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
10 Ardmore Way
Guildford
Surrey
GU2 9RR

These financial statements were authorised for issue by the director on 23 April 2025.

2

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 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 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.

Going concern

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Depreciation

Asset class

Depreciation method and rate

Office equipment

25% straight line

 

Ballerino Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

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.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Prior Year Adjustment

A prior year adjustment has been made to move property from stock to investment properties.

5

Staff numbers

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

6

Investment properties

2024
£

At 1 September

645,870

At 31 August

645,870

The fair value of the investment properties has been based upon a valuation by the directors at 31st August 2022. The valuation was made on an open market basis by reference to prices of similar properties

 

Ballerino Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

4,620

9,217

Accruals and deferred income

26,630

630

Other creditors

79,294

25,000

110,544

34,847

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

       
 

Ballerino Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

9

Related party transactions

 

Ballerino Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

26,000

-

Summary of transactions with other related parties

Anglebuy Limited Mr R Ballerino is also a director of Anglebuy Limited. During the year, management fees of £nil (2023: £Nil) were charged to Anglebuy Limited on a commercial basis.