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Registration number: 10941326

BPC Property Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2024

 

BPC Property Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

BPC Property Limited

Company Information

Chairman

Mr Bronislaw Karol Czajkowski

Director

Mrs Patrycja Czajkowski

Registered office

Unit 1
36 Queens Road
Newbury
RG14 7NE

Accountants

RiverView Portfolio Limited 1 Market Hill
Calne
Wiltshire
SN11 0BT

 

BPC Property Limited

(Registration number: 10941326)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

5,668

9,764

Investment property

5

424,500

393,719

 

430,168

403,483

Current assets

 

Debtors

6

162,902

2,173

Cash at bank and in hand

 

2,335

2,559

 

165,237

4,732

Creditors: Amounts falling due within one year

7

(232,630)

(74,676)

Net current liabilities

 

(67,393)

(69,944)

Total assets less current liabilities

 

362,775

333,539

Creditors: Amounts falling due after more than one year

7

(298,391)

(300,574)

Provisions for liabilities

(5,848)

-

Net assets

 

58,536

32,965

Capital and reserves

 

Called up share capital

2

2

Revaluation reserve

24,933

-

Retained earnings

33,601

32,963

Shareholders' funds

 

58,536

32,965

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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 9 May 2025
 

 

BPC Property Limited

(Registration number: 10941326)
Balance Sheet as at 31 August 2024 (continued)

.........................................
Mr Bronislaw Karol Czajkowski
Chairman

.........................................
Mrs Patrycja Czajkowski
Director

 

BPC Property Limited

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 and Wales.

The address of its registered office is:
Unit 1
36 Queens Road
Newbury
RG14 7NE

These financial statements were authorised for issue by the director on 9 May 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.

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

BPC Property Limited

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

2

Accounting policies (continued)

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 debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

3

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

3,854

3,255

 

BPC Property Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 September 2023

15,970

15,970

Disposals

(789)

(789)

At 31 August 2024

15,181

15,181

Depreciation

At 1 September 2023

6,206

6,206

Charge for the year

3,854

3,854

Eliminated on disposal

(547)

(547)

At 31 August 2024

9,513

9,513

Carrying amount

At 31 August 2024

5,668

5,668

At 31 August 2023

9,764

9,764

5

Investment properties

2024
£

At 1 September

393,719

Fair value adjustments

30,781

At 31 August

424,500

There has been no valuation of investment property by an independent valuer.

6

Debtors

Current

2024
£

2023
£

Prepayments

-

2,173

Other debtors

162,902

-

 

162,902

2,173

 

BPC Property Limited

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

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

-

155

Amounts owed to group undertakings and undertakings in which the company has a participating interest

38,739

32,439

Taxation and social security

 

1,111

4,600

Accruals and deferred income

 

614

189

Other creditors

 

192,166

37,293

 

232,630

74,676

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

298,391

300,574

8

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

24,933

24,933

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

298,391

300,574