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Company Registration No. 15213648 (England and Wales)
Buildwise Property Developments Ltd Filleted accounts for the year ended 31 October 2024
Buildwise Property Developments Ltd Filleted accounts Contents
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Buildwise Property Developments Ltd Company Information for the year ended 31 October 2024
Directors
Muhummed Juneid Bashir Ibrahim Muhammad Zakaria Iqbal Kassam
Company Number
15213648 (England and Wales)
Registered Office
7 Warren Close Leicester Leicestershire LE5 1BB England
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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Buildwise Property Developments Ltd Statement of financial position as at 31 October 2024
2024 
Notes
£ 
Current assets
Inventories
358,032 
Cash at bank and in hand
58,034 
416,066 
Creditors: amounts falling due within one year
(8,603)
Net current assets
407,463 
Total assets less current liabilities
407,463 
Creditors: amounts falling due after more than one year
(400,000)
Net assets
7,463 
Capital and reserves
Called up share capital
100 
Profit and loss account
7,363 
Shareholders' funds
7,463 
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 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 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 of Directors and authorised for issue on 12 July 2025 and were signed on its behalf by
Muhammad Zakaria Iqbal Kassam Director Company Registration No. 15213648
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Buildwise Property Developments Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Buildwise Property Developments Ltd is a private company, limited by shares, registered in England and Wales, registration number 15213648. The registered office is 7 Warren Close, Leicester, Leicestershire, LE5 1BB, England.
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 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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Inventories
2024 
£ 
Work in progress
358,032 
358,032 
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Buildwise Property Developments Ltd Notes to the Accounts for the year ended 31 October 2024
5
Creditors: amounts falling due within one year
2024 
£ 
Taxes and social security
1,727 
Other creditors
6,145 
Accruals
731 
8,603 
6
Creditors: amounts falling due after more than one year
2024 
£ 
Amounts owed to group undertakings and other participating interests
400,000 
7
Share capital
2024 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
Shares issued during the period:
100 Ordinary shares of £1 each
100 
8
Average number of employees
During the year the average number of employees was 1.
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