IRIS Accounts Production v24.3.2.46 03240063 director 1.11.23 31.10.24 31.10.24 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh032400632023-10-31032400632024-10-31032400632023-11-012024-10-31032400632022-10-31032400632022-11-012023-10-31032400632023-10-3103240063ns15:EnglandWales2023-11-012024-10-3103240063ns14:PoundSterling2023-11-012024-10-3103240063ns10:Director12023-11-012024-10-3103240063ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3103240063ns10:SmallEntities2023-11-012024-10-3103240063ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3103240063ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3103240063ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3103240063ns10:FullAccounts2023-11-012024-10-3103240063ns10:OrdinaryShareClass12023-11-012024-10-3103240063ns10:RegisteredOffice2023-11-012024-10-3103240063ns5:CurrentFinancialInstruments2024-10-3103240063ns5:CurrentFinancialInstruments2023-10-3103240063ns5:ShareCapital2024-10-3103240063ns5:ShareCapital2023-10-3103240063ns5:FurtherSpecificReserve3ComponentTotalEquity2024-10-3103240063ns5:FurtherSpecificReserve3ComponentTotalEquity2023-10-3103240063ns5:RetainedEarningsAccumulatedLosses2024-10-3103240063ns5:RetainedEarningsAccumulatedLosses2023-10-3103240063ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-11-012024-10-3103240063ns5:PlantMachinery2023-11-012024-10-3103240063ns5:FurnitureFittings2023-11-012024-10-3103240063ns5:LandBuildings2023-10-3103240063ns5:PlantMachinery2023-10-3103240063ns5:FurnitureFittings2023-10-3103240063ns5:LandBuildings2023-11-012024-10-3103240063ns5:LandBuildings2024-10-3103240063ns5:PlantMachinery2024-10-3103240063ns5:FurnitureFittings2024-10-3103240063ns5:LandBuildings2023-10-3103240063ns5:PlantMachinery2023-10-3103240063ns5:FurnitureFittings2023-10-3103240063ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3103240063ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3103240063ns10:OrdinaryShareClass12024-10-3103240063ns5:FurtherSpecificReserve3ComponentTotalEquity2023-10-31
REGISTERED NUMBER: 03240063 (England and Wales)













BPC ESTATES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






BPC ESTATES LIMITED (REGISTERED NUMBER: 03240063)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BPC ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: Mrs A J Wiseman





REGISTERED OFFICE: Shepherds Barn
Lynn Lane
Lynn
Lichfield
Staffordshire
WS14 0ER





REGISTERED NUMBER: 03240063 (England and Wales)





ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB

BPC ESTATES LIMITED (REGISTERED NUMBER: 03240063)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 91,151 90,961
Investment property 5 695,000 695,000
786,151 785,961

CURRENT ASSETS
Debtors 6 1,373 1,181
Cash at bank 4,130 7,178
5,503 8,359
CREDITORS
Amounts falling due within one year 7 260,688 246,585
NET CURRENT LIABILITIES (255,185 ) (238,226 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

530,966

547,735

PROVISIONS FOR LIABILITIES 40,953 40,953
NET ASSETS 490,013 506,782

CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 280,534 280,534
Retained earnings 209,379 226,148
SHAREHOLDERS' FUNDS 490,013 506,782

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

BPC ESTATES LIMITED (REGISTERED NUMBER: 03240063)

BALANCE SHEET - continued
31 OCTOBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 March 2025 and were signed by:





Mrs A J Wiseman - Director


BPC ESTATES LIMITED (REGISTERED NUMBER: 03240063)

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

1. STATUTORY INFORMATION

BPC Estates 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.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

Turnover
The turnover and profit before taxation are attributable to the principal activities of the company.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Nil
Plant and machinery - 20% reducing balance
Fixtures and fittings - 33% on cost and 15% reducing balance

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 Profit and Loss Account, 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

The average number of employees during the year was 1 (2023 - 1 ) .

BPC ESTATES LIMITED (REGISTERED NUMBER: 03240063)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 November 2023 77,897 1,158 36,135 115,190
Land & buildings - - 2,336 2,336
At 31 October 2024 77,897 1,158 38,471 117,526
DEPRECIATION
At 1 November 2023 - 1,118 23,111 24,229
Charge for year - 8 2,138 2,146
At 31 October 2024 - 1,126 25,249 26,375
NET BOOK VALUE
At 31 October 2024 77,897 32 13,222 91,151
At 31 October 2023 77,897 40 13,024 90,961

Depreciation has not been provided on land and properties. This is a departure from the Companies Act 2006 in order to give a true and fair view,

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023
and 31 October 2024 695,000
NET BOOK VALUE
At 31 October 2024 695,000
At 31 October 2023 695,000

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2016 63,364
Valuation in 2017 (60,000 )
Valuation in 2018 65,000
Valuation in 2022 265,000
Cost 361,636
695,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 328,122 328,122

Investment property was valued on an open market basis on 31 October 2024 by the director .

BPC ESTATES LIMITED (REGISTERED NUMBER: 03240063)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,373 1,181

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security - 6
Other creditors 260,688 246,579
260,688 246,585

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Fair
value
reserve
£   
At 1 November 2023
and 31 October 2024 280,534

10. RELATED PARTY DISCLOSURES

Transactions with key management personnel:

20242023
££

Amount due to related parties257,906244,849