0 01/12/2023 30/11/2024 2024-11-30 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-12-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 10484419 2023-12-01 2024-11-30 10484419 2024-11-30 10484419 2023-11-30 10484419 2022-12-01 2023-11-30 10484419 2023-11-30 10484419 2022-11-30 10484419 bus:RegisteredOffice 2023-12-01 2024-11-30 10484419 bus:LeadAgentIfApplicable 2023-12-01 2024-11-30 10484419 bus:Director1 2023-12-01 2024-11-30 10484419 bus:Director2 2023-12-01 2024-11-30 10484419 bus:Director3 2023-12-01 2024-11-30 10484419 core:WithinOneYear 2024-11-30 10484419 core:WithinOneYear 2023-11-30 10484419 core:RetainedEarningsAccumulatedLosses 2022-12-01 2023-11-30 10484419 core:RetainedEarningsAccumulatedLosses 2023-12-01 2024-11-30 10484419 core:AfterOneYear 2024-11-30 10484419 core:AfterOneYear 2023-11-30 10484419 core:ShareCapital 2024-11-30 10484419 core:ShareCapital 2023-11-30 10484419 core:RetainedEarningsAccumulatedLosses 2024-11-30 10484419 core:RetainedEarningsAccumulatedLosses 2023-11-30 10484419 core:ShareCapital 2022-11-30 10484419 core:RetainedEarningsAccumulatedLosses 2022-11-30 10484419 core:PreviouslyStatedAmount core:ShareCapital 2024-11-30 10484419 bus:SmallEntities 2023-12-01 2024-11-30 10484419 bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 10484419 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 10484419 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 10484419 bus:FullAccounts 2023-12-01 2024-11-30
Company registration number: 10484419
BILSBY PROPERTIES LTD
Unaudited filleted financial statements
30 November 2024
Pearlman Rose
Chartered Accountants
Suite 1, First Floor
Jack Dash House
2 Lawn House Close
London, E14 9YQ
BILSBY PROPERTIES LTD
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
BILSBY PROPERTIES LTD
Directors and other information
Directors D Westcott
A Westcott
J Hurley
Company number 10484419
Registered office 16 Park Street
Luton
Bedfordshire
United Kingdom
LU1 3EP
Accountants Pearlman Rose
Suite1, First Floor
Jack Dash House
2 Lawn House Close
London
E14 9YQ
Bankers Metro Bank
BILSBY PROPERTIES LTD
Statement of financial position
30 November 2024
2024 2023
Note £ £ £ £
Current assets
Stocks 3,150,620 3,150,620
Debtors 4 1,043,334 -
Cash at bank and in hand 10,404 4,617
_______ _______
4,204,358 3,155,237
Creditors: amounts falling due
within one year 5 ( 500,600) ( 500,667)
_______ _______
Net current assets 3,703,758 2,654,570
_______ _______
Total assets less current liabilities 3,703,758 2,654,570
Creditors: amounts falling due
after more than one year 6 ( 3,597,580) ( 2,547,580)
_______ _______
Net assets 106,178 106,990
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 106,176 106,988
_______ _______
Shareholders funds 106,178 106,990
_______ _______
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 14 July 2025 , and are signed on behalf of the board by:
A Westcott
Director
Company registration number: 10484419
BILSBY PROPERTIES LTD
Statement of changes in equity
Year ended 30 November 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 December 2022 2 108,460 108,462
Loss for the year ( 1,472) ( 1,472)
_______ _______ _______
Total comprehensive income for the year - ( 1,472) ( 1,472)
_______ _______ _______
At 30 November 2023 and 1 December 2023 2 106,988 106,990
Loss for the year ( 812) ( 812)
_______ _______ _______
Total comprehensive income for the year - ( 812) ( 812)
_______ _______ _______
At 30 November 2024 2 106,176 106,178
_______ _______ _______
BILSBY PROPERTIES LTD
Notes to the financial statements
Year ended 30 November 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 16 Park Street, Luton, Bedfordshire, United Kingdom, LU1 3EP.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Debtors
2024 2023
£ £
Other debtors 1,043,334 -
_______ _______
5. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts - 6
Other creditors 500,600 500,661
_______ _______
500,600 500,667
_______ _______
6. Creditors: amounts falling due after more than one year
2024 2023
£ £
Other creditors 3,597,580 2,547,580
_______ _______
7. Related party transactions
At the balance sheet date, an amount of £730,000 was due to Land & Property (Luton) Limited(2023: £730,000), a company of which Mr D Westcott , Mr A Westcott and Ms J Hurley aredirectors.At the balance sheet date, an amount of £2,867,580 was due to Chapel Green Properties Ltd(2023: £1,816,950), a company of which Mr D Westcott , Mr A Westcott and Ms J Hurley aredirectors. At the balance sheet date, an amount of £1,043,334 was due from Charlgrave Properties Ltd(2023: NIL), a company of which Mr D Westcott , Mr A Westcott and Ms J Hurley aredirectors.