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Company Registration No. 10436163 (England and Wales)
S P Bardwell Property Limited Unaudited accounts for the year ended 31 October 2024
S P Bardwell Property Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,285,320 
1,183,496 
Current assets
Debtors
14,337 
15,775 
Cash at bank and in hand
49,064 
132,899 
63,401 
148,674 
Creditors: amounts falling due within one year
(105,398)
(98,780)
Net current (liabilities)/assets
(41,997)
49,894 
Total assets less current liabilities
1,243,323 
1,233,390 
Creditors: amounts falling due after more than one year
(155,219)
(152,371)
Net assets
1,088,104 
1,081,019 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
1,087,904 
1,080,819 
Shareholders' funds
1,088,104 
1,081,019 
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 May 2024 and were signed on its behalf by
S Bardwell Director Company Registration No. 10436163
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S P Bardwell Property Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
S P Bardwell Property Limited is a private company, limited by shares, registered in England and Wales, registration number 10436163. The registered office is Brooklea, Cold Norton Road, Latchingdon, Chelmsford, Essex, CM3 6HP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
over the lease term
Plant & machinery
over 5 years
Fixtures & fittings
over 5 years
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
- 3 -
S P Bardwell Property Limited Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
1,180,962 
4,505 
1,185,467 
Additions
102,950 
- 
102,950 
At 31 October 2024
1,283,912 
4,505 
1,288,417 
Depreciation
At 1 November 2023
- 
1,971 
1,971 
Charge for the year
- 
1,126 
1,126 
At 31 October 2024
- 
3,097 
3,097 
Net book value
At 31 October 2024
1,283,912 
1,408 
1,285,320 
At 31 October 2023
1,180,962 
2,534 
1,183,496 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
12,929 
14,367 
Other debtors
1,408 
1,408 
14,337 
15,775 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
13,989 
13,989 
VAT
1,787 
2,430 
Trade creditors
7,192 
3,433 
Taxes and social security
3,600 
2,677 
Other creditors
70,294 
68,537 
Loans from directors
8,536 
7,714 
105,398 
98,780 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
137,782 
138,346 
Other creditors
17,437 
14,025 
155,219 
152,371 
8
Transactions with related parties
During the year, dividends were paid to the directors of £15,726 (2023 - £14,904) At the year end, S P Bardwell Property Limited was owed £1,408 by the associate company S P Bardwell Limited. (2023 - £1,408)
- 4 -
S P Bardwell Property Limited Notes to the Accounts for the year ended 31 October 2024
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 5 -