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REGISTERED NUMBER: 03811858 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

BPK Developments Limited

BPK Developments Limited (Registered number: 03811858)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

BPK Developments Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: P D Knight
R A Binns
N E Binns





SECRETARY: R A Binns





REGISTERED OFFICE: Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD





REGISTERED NUMBER: 03811858 (England and Wales)





ACCOUNTANTS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

BPK Developments Limited (Registered number: 03811858)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 - 3,850,000
Investment property 6 4,000,000 -
4,000,000 3,850,000

CURRENT ASSETS
Debtors 7 30,672 58,892
Cash at bank 186,499 100,601
217,171 159,493
CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR

8

(469,340

)

(486,868

)
NET CURRENT LIABILITIES (252,169 ) (327,375 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,747,831

3,522,625

CREDITORS: AMOUNTS FALLING
DUE AFTER MORE THAN ONE YEAR

9

(594,750

)

(686,250

)

PROVISIONS FOR LIABILITIES (37,500 ) -
NET ASSETS 3,115,581 2,836,375

CAPITAL AND RESERVES
Called up share capital 10 60 60
Revaluation reserve 2,546,990 2,434,490
Retained earnings 568,531 401,825
SHAREHOLDERS' FUNDS 3,115,581 2,836,375

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BPK Developments Limited (Registered number: 03811858)

Balance Sheet - continued
31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2025 and were signed on its behalf by:




R A Binns - Director



N E Binns - Director


BPK Developments Limited (Registered number: 03811858)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

BPK Developments 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 provisions of Section 1A "Small Entities" 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - No depreciation

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

BPK Developments Limited (Registered number: 03811858)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1 January 2024 3,850,000
Reclassification/transfer (3,850,000 )
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 3,850,000

Cost or valuation at 31 December 2024 is represented by:

Freehold
property
£   
Valuation in 2017 884,490
Valuation in 2022 1,550,000
Valuation in 2024 (3,850,000 )
Cost 1,415,510

The freehold property has been reclassified as an investment property during the year.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Revaluations 150,000
Reclassification/transfer 3,850,000
At 31 December 2024 4,000,000
NET BOOK VALUE
At 31 December 2024 4,000,000

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2017 884,490
Valuation in 2022 1,550,000
Valuation in 2024 150,000
Cost 1,415,510
4,000,000

BPK Developments Limited (Registered number: 03811858)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 30,672 36,253
Other debtors - 22,639
30,672 58,892

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 91,500 91,500
Trade creditors 84,000 68,770
Amounts owed to participating interests 96,000 96,000
Amounts owed to associates 4,839 60,000
Taxation and social security 27,556 -
Other creditors 165,445 170,598
469,340 486,868

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 594,750 686,250

Amounts falling due in more than five years:

Repayable by instalments
Bank loan account 594,750 686,250

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
60 Ordinary £1 60 60

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
BPK Developments Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of BPK Developments Limited for the year ended 31 December 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of BPK Developments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of BPK Developments Limited and state those matters that we have agreed to state to the Board of Directors of BPK Developments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BPK Developments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that BPK Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of BPK Developments Limited. You consider that BPK Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of BPK Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


12 March 2025