BYTHORN PROPERTIES LTD


Directors	Graham Nigel Tivey
	Nicola Jane Tivey


Registered Address	Unit 4 City Limits
	Danehill
	Reading
	RG6 4UP


Registered Number	13696227 (England and Wales)

Balance Sheet as at
31 October 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Investment property	3		312,500		312,500
			312,500		312,500
Current assets
Debtors		6,320		6,390
Cash at bank and on hand		4,363		1,671
		10,683		8,061
Creditors amounts falling due within one year	4	(4,449)		(4,291)
Net current assets (liabilities)			6,234		3,770
Total assets less current liabilities			318,734		316,270
Creditors amounts falling due after one year	5		(280,978)		(280,088)
Net assets			37,756		36,182
Capital and reserves
Called up share capital			100		100
Other reserves			39,173		39,173
Profit and loss account			(1,517)		(3,091)
Shareholders' funds			37,756		36,182

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 16 May 2025, and are signed on its behalf by:

Nicola Jane Tivey
Director
Registered Company No. 13696227

BYTHORN PROPERTIES LTD

Notes to the Financial Statements
for the year ended 31 October 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	Income from property rental is recognised on an accruals basis, it is included within turnover in the period to which the rental income relates.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Investment property
	Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	2		2

3.	Investment property


		£
	Fair value at 01 November 23	312,500
	At 31 October 24	312,500

4.	Creditors: amounts due within one year

	2024	2023
	£	£
Other creditors	4,449	3,441
Accrued liabilities and deferred income	-	850
Total	4,449	4,291

5.	Creditors: amounts due after one year

	2024	2023
	£	£
Other creditors	280,978	280,088
Total	280,978	280,088

6.	Provisions for liabilities