Buckland Property Management Limited
Registered number: 15289924
Balance Sheet
as at 30 November 2024
Notes 2024
£
Fixed assets
Tangible assets 3 101,549
Current assets
Cash at bank and in hand 1,064
Creditors: amounts falling due within one year 4 (7,111)
Net current liabilities (6,047)
Total assets less current liabilities 95,502
Creditors: amounts falling due after more than one year 5 (106,124)
Net liabilities (10,622)
Capital and reserves
Called up share capital 100
Profit and loss account (10,722)
Shareholders' funds (10,622)
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.
Renee Adele Buckland
Director
Approved by the board on 8 August 2025
Buckland Property Management Limited
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
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).
Turnover
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.
Tangible fixed assets
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:
Leasehold land and buildings No depreciation charged
Debtors
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.
Creditors
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.
Taxation
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.
Foreign currency translation
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.
2 Employees 2024
Number
Average number of persons employed by the company 1
3 Tangible fixed assets
Leasehold land and buildings
£
Cost
Additions 101,549
At 30 November 2024 101,549
Depreciation
At 30 November 2024 -
Net book value
At 30 November 2024 101,549
4 Creditors: amounts falling due within one year 2024
£
Accruals 744
Other creditors 6,367
7,111
5 Creditors: amounts falling due after one year 2024
£
Director's account 106,124
6 Other information
Buckland Property Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Court Building
1 Market Street
London
SE18 6FU
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