| Buckland Property Management Limited |
| Registered number: |
15289924 |
| Balance Sheet |
| as at 30 November 2024 |
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| Notes |
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2024 |
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| £ |
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| Fixed assets |
| Tangible assets |
3 |
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101,549 |
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| Current assets |
| Cash at bank and in hand |
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|
1,064 |
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| Creditors: amounts falling due within one year |
4 |
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(7,111) |
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| Net current liabilities |
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(6,047) |
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| Total assets less current liabilities |
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95,502 |
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| Creditors: amounts falling due after more than one year |
5 |
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(106,124) |
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| Net liabilities |
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(10,622) |
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| Capital and reserves |
| Called up share capital |
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100 |
| Profit and loss account |
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(10,722) |
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| Shareholders' funds |
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(10,622) |
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| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
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| Renee Adele Buckland |
| Director |
| Approved by the board on 8 August 2025 |
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| Buckland Property Management Limited |
| Notes to the Accounts |
| for the year ended 30 November 2024 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover comprises rental income arising from properties situated outside the United Kingdom.Income is recognised on an accruals basis in accordance with the terms of the lease agreements.Rental income denominated in foreign currencies is translated into sterling at the exchange rate ruling at the date of the transaction or at average exchange rates, where appropriate. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Leasehold land and buildings |
No depreciation charged |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Taxation |
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The tax charge for the year represents UK corporation tax on the results for the period and foreign tax withheld on overseas rental income.The company is subject to taxation in the United Kingdom and in other jurisdictions where it earns rental income. Foreign tax is charged in accordance with local legislation and, where applicable, relief is claimed under the relevant double taxation agreements. |
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Foreign currency translation |
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Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
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| 2 |
Employees |
2024 |
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| Number |
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Average number of persons employed by the company |
1 |
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| 3 |
Tangible fixed assets |
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Leasehold land and buildings |
| £ |
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Cost |
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Additions |
101,549 |
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At 30 November 2024 |
101,549 |
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Depreciation |
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At 30 November 2024 |
- |
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Net book value |
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At 30 November 2024 |
101,549 |
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| 4 |
Creditors: amounts falling due within one year |
2024 |
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| £ |
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Accruals |
744 |
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Other creditors |
6,367 |
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7,111 |
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| 5 |
Creditors: amounts falling due after one year |
2024 |
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| £ |
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Director's account |
106,124 |
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| 6 |
Other information |
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Buckland Property Management Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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The Court Building |
|
1 Market Street |
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London |
|
SE18 6FU |