Registered number
14358954
B2L Holdings Ltd
Filleted Accounts
30 September 2024
B2L Holdings Ltd
Registered number: 14358954
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 883,056 883,244
Current assets
Debtors 4 649 8,147
Cash at bank and in hand 49,803 48,301
50,452 56,448
Creditors: amounts falling due within one year 5 (200,093) (568,075)
Net current liabilities (149,641) (511,627)
Total assets less current liabilities 733,415 371,617
Creditors: amounts falling due after more than one year 6 (675,614) (335,433)
Net assets 57,801 36,184
Capital and reserves
Called up share capital 99 99
Profit and loss account 57,702 36,085
Shareholders' funds 57,801 36,184
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Rathod
Director
Approved by the board on 18 June 2025
B2L Holdings Ltd
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 October 2023 882,494 1,000 883,494
At 30 September 2024 882,494 1,000 883,494
Depreciation
At 1 October 2023 - 250 250
Charge for the year - 188 188
At 30 September 2024 - 438 438
Net book value
At 30 September 2024 882,494 562 883,056
At 30 September 2023 882,494 750 883,244
4 Debtors 2024 2023
£ £
Trade debtors 540 1,589
Other debtors 109 6,558
649 8,147
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 39,310 19,101
Trade creditors 384 -
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 385,000
Taxation and social security costs 6,162 9,466
Accruals 870 810
Directors loan accounts 152,003 150,837
Other creditors 1,364 2,861
200,093 568,075
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 675,614 335,433
7 Related party transactions
At the period end the company owed loans of £nil (2023: £385,000) to Marble Construction Ltd, a company in which the directors are also directors.
During the period the company purchased property for £nil (2023: £385,000) from Marble Construction (Homes) Ltd, a company in which the directors are also directors.
8 Controlling party
The company is controlled by the directors who own 100% of the issued share capital.
9 Other information
B2L Holdings Ltd is a private company limited by shares and incorporated in England. Its registered office is:
2 Farnborough Business Centre
Eelmoor Road
Farnborough
GU14 7XA
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