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Company Registration No. 08733558 (England and Wales)
Biz Place Ltd Unaudited accounts for the year ended 31 October 2024
Biz Place Ltd Unaudited accounts Contents
Page
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Biz Place Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,025,483 
1,025,483 
Current assets
Debtors
5,250 
1,250 
Cash at bank and in hand
117,013 
249,127 
122,263 
250,377 
Creditors: amounts falling due within one year
(382,309)
(367,594)
Net current liabilities
(260,046)
(117,217)
Total assets less current liabilities
765,437 
908,266 
Creditors: amounts falling due after more than one year
(609,739)
(770,143)
Net assets
155,698 
138,123 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
150,000 
150,000 
Profit and loss account
5,598 
(11,977)
Shareholders' funds
155,698 
138,123 
For the year ending 31 October 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 10 July 2025 and were signed on its behalf by
Mr Kasilingam Yohamoorty Director Company Registration No. 08733558
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Biz Place Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Biz Place Ltd is a private company, limited by shares, registered in England and Wales, registration number 08733558. The registered office is 14 Village Way East, Harrow, Middlesex, HA2 7LU.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 November 2023
1,046,728 
At 31 October 2024
1,046,728 
Depreciation
At 1 November 2023
21,245 
At 31 October 2024
21,245 
Net book value
At 31 October 2024
1,025,483 
At 31 October 2023
1,025,483 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,250 
1,250 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
960 
- 
Taxes and social security
5,595 
4,238 
Other creditors
375,754 
363,356 
382,309 
367,594 
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Biz Place Ltd Notes to the Accounts for the year ended 31 October 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
609,739 
770,143 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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