Company Registration No. 13392496 (England and Wales)
Bodee Property Group Ltd
Unaudited accounts
for the year ended 31 May 2024
Bodee Property Group Ltd
Company Information
for the year ended 31 May 2024
Company Number
13392496 (England and Wales)
Registered Office
111 Burnham Avenue
Newcastle upon Tyne
Tyne and Wear
NE15 8QG
Accountants
Accounting Inc. Ltd
Hoults Yard
Walker Rd
Newcastle upon Tyne
Tyne and Wear
NE6 2HL
Bodee Property Group Ltd
Statement of financial position
as at 31 May 2024
Investment property
45,000
-
Cash at bank and in hand
37,203
4,435
Creditors: amounts falling due within one year
(5,239)
(2,606)
Net current assets
31,964
80,441
Total assets less current liabilities
76,964
80,441
Creditors: amounts falling due after more than one year
(71,896)
(89,896)
Net assets/(liabilities)
5,068
(9,455)
Called up share capital
1
1
Profit and loss account
5,067
(9,456)
Shareholders' funds
5,068
(9,455)
For the year ending 31 May 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 director acknowledges his 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 and authorised for issue on 30 May 2025 and were signed on its behalf by
Lee Williams
Director
Company Registration No. 13392496
Bodee Property Group Ltd
Notes to the Accounts
for the year ended 31 May 2024
Bodee Property Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 13392496. The registered office is 111 Burnham Avenue, Newcastle upon Tyne, Tyne and Wear, NE15 8QG.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
The financial statements are prepared on a going concern basis. The director, has committed to continue providing financial support to ensure the company's stability and operational continuity for at least the next twelve months
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.
Reclassification of Property
In the current year, a property previously recognised as an investment property has been reclassified as stock, as it is now considered held for resale in the ordinary course of business. The comparative figures have been restated to reflect this reclassification.
This change has been accounted for retrospectively in accordance with FRS 102.
Bodee Property Group Ltd
Notes to the Accounts
for the year ended 31 May 2024
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
2,365
-
6
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
71,896
89,896
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).