COMPANY REGISTRATION NUMBER:
14692529
|
Birchen Properties Limited |
|
|
Filleted Unaudited Financial Statements |
|
|
Birchen Properties Limited |
|
|
Statement of Financial Position |
|
28 February 2025
Current assets
|
Stocks |
– |
|
221,820 |
|
Cash at bank and in hand |
186,894 |
|
1,058 |
|
--------- |
|
--------- |
|
186,894 |
|
222,878 |
|
|
|
|
|
Creditors: amounts falling due within one year |
4 |
165,560 |
|
229,087 |
|
--------- |
|
--------- |
|
Net current assets/(liabilities) |
|
21,334 |
(
6,209) |
|
|
-------- |
------- |
|
Total assets less current liabilities |
|
21,334 |
(
6,209) |
|
|
-------- |
------- |
|
Net assets/(liabilities) |
|
21,334 |
(
6,209) |
|
|
-------- |
------- |
|
|
|
|
|
Capital and reserves
|
Called up share capital |
|
100 |
100 |
|
Profit and loss account |
|
21,234 |
(
6,309) |
|
|
-------- |
------- |
|
Shareholders funds/(deficit) |
|
21,334 |
(
6,209) |
|
|
-------- |
------- |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
22 May 2025
, and are signed on behalf of the board by:
Company registration number:
14692529
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Birchen Properties Limited |
|
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Notes to the Financial Statements |
|
Year ended 28 February 2025
1.
General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is Lyndhurst, 1 Cranmer Street, Long Eaton, Nottingham, NG10 1NJ.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for properties sold.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Corporation tax |
4,980 |
– |
|
Other creditors |
160,580 |
229,087 |
|
--------- |
--------- |
|
165,560 |
229,087 |
|
--------- |
--------- |
|
|
|
5.
Directors' advances, credits and guarantees
At the balance sheet date, the company owed £159,380 to the directors (2024 - £223,108). The directors' loans are interest free and repayable on demand.