BALKAN PROPERTY MAINTENANCE LTD

Company Registration Number:
12485929 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2025

Period of accounts

Start date: 01 March 2024

End date: 28 February 2025

BALKAN PROPERTY MAINTENANCE LTD

Contents of the Financial Statements

for the Period Ended 28 February 2025

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 10

BALKAN PROPERTY MAINTENANCE LTD

Company Information

for the Period Ended 28 February 2025




Director: Ivan Panayotov
Ralica Panayotova
Registered office: 75
Tedstone Road
Quinton
Birmingham
England
B32 2PB
Company Registration Number: 12485929 (England and Wales)

BALKAN PROPERTY MAINTENANCE LTD

Balance sheet

As at 28 February 2025


Notes

2025
£

2024
£
Fixed assets
Tangible assets: 4 6,319 5,475
Total fixed assets: 6,319 5,475
Current assets
Debtors: 5 11,836 5,284
Cash at bank and in hand: 28,300 784
Total current assets: 40,136 6,068
Creditors: amounts falling due within one year: 6 ( 17,693 ) ( 2,363 )
Net current assets (liabilities): 22,443 3,705
Total assets less current liabilities: 28,762 9,180
Provision for liabilities: ( 1,067 ) ( 931 )
Total net assets (liabilities): 27,695 8,249

The notes form part of these financial statements

BALKAN PROPERTY MAINTENANCE LTD

Balance sheet continued

As at 28 February 2025


Notes

2025
£

2024
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 27,694 8,248
Shareholders funds: 27,695 8,249

For the year ending 28 February 2025 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 28 July 2025
And Signed On Behalf Of The Board By:

Name: Ivan Panayotov
Status: Director

The notes form part of these financial statements

BALKAN PROPERTY MAINTENANCE LTD

Notes to the Financial Statements

for the Period Ended 28 February 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    2.2.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 is reduced for estimated customer returns, rebates and other similar allowances.
    Sale of goods
    Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
    Rendering of services
    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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

    Tangible fixed assets depreciation policy

    2.3.Tangible Fixed Assets and Depreciation
    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
    Plant & Machinery 25% Reducing balance
    Motor Vehicles 25% Reducing balance

BALKAN PROPERTY MAINTENANCE LTD

Notes to the Financial Statements

for the Period Ended 28 February 2025

  • 1. Accounting policies (continued)

    Other accounting policies

    2.4.Taxation Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

BALKAN PROPERTY MAINTENANCE LTD

Notes to the Financial Statements

for the Period Ended 28 February 2025

  • 2. Employees


    2025

    2024
    Average number of employees during the period 2 1

BALKAN PROPERTY MAINTENANCE LTD

Notes to the Financial Statements

for the Period Ended 28 February 2025

  • 3. Off balance sheet disclosure

    No

BALKAN PROPERTY MAINTENANCE LTD

Notes to the Financial Statements

for the Period Ended 28 February 2025

4. Tangible assets

Plant & machinery Motor vehicles Total
Cost £ £ £
At 01 March 2024 495 6,966 7,461
Additions 2,897 - 2,897
Disposals - - -
Revaluations - - -
Transfers - - -
At 28 February 2025 3,392 6,966 10,358
Depreciation
At 01 March 2024 245 1,741 1,986
Charge for year 747 1,306 2,053
On disposals - - -
Other adjustments - - -
At 28 February 2025 992 3,047 4,039
Net book value
At 28 February 2025 2,400 3,919 6,319
At 29 February 2024 250 5,225 5,475

BALKAN PROPERTY MAINTENANCE LTD

Notes to the Financial Statements

for the Period Ended 28 February 2025

5. Debtors


2025
£

2024
£
Trade debtors 8,956 1,404
Other debtors 2,880 3,880
Total 11,836 5,284

BALKAN PROPERTY MAINTENANCE LTD

Notes to the Financial Statements

for the Period Ended 28 February 2025

6.Creditors: amounts falling due within one year note


2025
£

2024
£
Bank loans and overdrafts 4,992 199
Taxation and social security 11,986 1,584
Other creditors 715 580
Total 17,693 2,363