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REGISTERED NUMBER: 09202043 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

BHB CAPITAL LIMITED

BHB CAPITAL LIMITED (REGISTERED NUMBER: 09202043)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BHB CAPITAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: B H Butterworth





REGISTERED OFFICE: 27 Lascelles Avenue
Bath
Somerset
BA2 6FB





REGISTERED NUMBER: 09202043 (England and Wales)





ACCOUNTANTS: Friend & Grant Ltd
Bryant House
Bryant Road
Strood
Rochester
Kent
ME2 3EW

BHB CAPITAL LIMITED (REGISTERED NUMBER: 09202043)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 5 1,750,000 1,750,000

CURRENT ASSETS
Debtors 6 - 692
Prepayments and accrued income 1,625 1,694
Cash at bank 4,399 3,499
6,024 5,885
CREDITORS
Amounts falling due within one year 7 102,599 114,654
NET CURRENT LIABILITIES (96,575 ) (108,769 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,653,425

1,641,231

CREDITORS
Amounts falling due after more than one
year

8

(1,142,807

)

(1,141,964

)

PROVISIONS FOR LIABILITIES (189,844 ) (189,844 )
NET ASSETS 320,774 309,423

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 392,804 316,117
Retained earnings (72,130 ) (6,794 )
SHAREHOLDERS' FUNDS 320,774 309,423

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BHB CAPITAL LIMITED (REGISTERED NUMBER: 09202043)

BALANCE SHEET - continued
30 SEPTEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 June 2025 and were signed by:





B H Butterworth - Director


BHB CAPITAL LIMITED (REGISTERED NUMBER: 09202043)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, including the presentation and disclosure requirements of Section 1A applicable to small companies, and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Going concern
No material uncertainties that may cast doubt about the ability of the company to continue as a going concern have been identified by the director.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.The policies adopted for the recognition of turnover are as following:

Rents receivable

Turnover is usually recognised based on the period of occupancy of each property, and when the following conditions are satisfied:

- the amount of revenue can be reliably measured
- it is probable that the economic benefits associated with the transaction will flow to the entity

Interest receivable

Interest income is recognised using the effective interest method.

Investment property
Investment property is included at fair value. Valuations are carried out annually by the directors based on:
- how the market could be expected to price the asset
- measuring the risk return factors inherent in the asset

Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation is provided in respect of investment properties.


BHB CAPITAL LIMITED (REGISTERED NUMBER: 09202043)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Financial instruments
Basic financial assets/liabilities including trade and other receivables/payables, cash and bank balances, are initially recognised at transaction price unless the arrangement constitutes a financing transaction (loan over period of time) where the transaction is measured at present value of the future receipts discounted at a market rate of interest. Such assets/liabilities are subsequently carried at amortised cost using the effective interest method.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 1,750,000
NET BOOK VALUE
At 30 September 2024 1,750,000
At 30 September 2023 1,750,000

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2024 1,750,000

Investment property comprises of property and land.
The fair value of the investment property being £1,750,000, has been based on a valuation confirmed by the director.
The historic cost of the property is £1,244,039.

BHB CAPITAL LIMITED (REGISTERED NUMBER: 09202043)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 692

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 5,448 9,385
Taxation and social security 2,229 -
Other creditors 94,922 105,269
102,599 114,654

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 1,142,807 1,141,964

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,126,835 1,128,592

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loan 2 payable <1 year 5,448 9,385

Amounts falling due between two and five years:
Bank loans - 2-5 years 15,972 13,372

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,126,835 1,128,592

The bank loan has interest only repayments at a rate of 3.79%. It is due for renewal on 10 October 2042 and is secured by a fixed charge against the investment property.

BHB CAPITAL LIMITED (REGISTERED NUMBER: 09202043)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


10. RESERVES
Revaluation
reserve
£   
At 1 October 2023 316,117
Inv property revaluation 76,687

At 30 September 2024 392,804

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
B H Butterworth
Balance outstanding at start of year (101,071 ) (141,700 )
Amounts advanced 16,466 40,914
Amounts repaid (779 ) (285 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (85,384 ) (101,071 )

The loan from the director to the company is unsecured and repayable on demand. Interest has been charged at 5.75% on the outstanding loan.