BFD PROPERTY DEVELOPMENT LIMITED

Company Registration Number:
04781528 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

BFD PROPERTY DEVELOPMENT LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

BFD PROPERTY DEVELOPMENT LIMITED

Balance sheet

As at 31 December 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 1,102,897 1,103,408
Total fixed assets: 1,102,897 1,103,408
Current assets
Debtors: 4 13,559 800
Cash at bank and in hand: 45,494 38,910
Total current assets: 59,053 39,710
Creditors: amounts falling due within one year: 5 (64,532) (59,437)
Net current assets (liabilities): (5,479) (19,727)
Total assets less current liabilities: 1,097,418 1,083,681
Creditors: amounts falling due after more than one year: 6 (500,000) (500,000)
Total net assets (liabilities): 597,418 583,681
Capital and reserves
Called up share capital: 180 180
Revaluation reserve:734,41334,413
Profit and loss account: 562,825 549,088
Shareholders funds: 597,418 583,681

The notes form part of these financial statements

BFD PROPERTY DEVELOPMENT LIMITED

Balance sheet statements

For the year ending 31 December 2024 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 July 2025
and signed on behalf of the board by:

Name: Mr G Klein
Status: Director

The notes form part of these financial statements

BFD PROPERTY DEVELOPMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

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

Turnover policy

Turnover represents rents receivable net of value added tax.

Tangible fixed assets and depreciation policy

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Fixtures and fittings - 15% Reducing balance

Valuation and information policy

Investment properties are included in the balance sheet at their fair value at the balance sheet date. The resulting aggregate surplus or deficit is recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Other accounting policies

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

BFD PROPERTY DEVELOPMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

BFD PROPERTY DEVELOPMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 1,146,494
At 31 December 2024 1,146,494
Depreciation
At 01 January 2024 43,086
Charge for year 511
At 31 December 2024 43,597
Net book value
At 31 December 2024 1,102,897
At 31 December 2023 1,103,408

BFD PROPERTY DEVELOPMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Debtors

Other debtors £13,559 (2023: £800)

BFD PROPERTY DEVELOPMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Creditors: amounts falling due within one year note

Taxation and social security £25,563 (2023: £20,949) Other creditors £38,969 (2023: £38,488)

BFD PROPERTY DEVELOPMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Creditors: amounts falling due after more than one year note

Other creditors £500,000 (2023: £500,000)

BFD PROPERTY DEVELOPMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

7. Revaluation reserve

2024
£
Balance at 01 January 2024 34,413
Surplus or deficit after revaluation 0
Balance at 31 December 2024 34,413