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Registration number: 13774208

B2 Property Investments Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

 

B2 Property Investments Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

B2 Property Investments Ltd

Company Information

Directors

Mr Aiden Lawrence Farhangi

Mr Simon Birmingham

Mrs Charlotte Farhangi

Mr Nicholas Houghton

Registered office

4 Edenbridge Way
Sarisbury Green
Southampton
Hampshire
SO31 7LF

Accountants

SE Accounting Services 27 Spenlow Close
Portsmouth
Hampshire
PO2 7HF

 

B2 Property Investments Ltd

(Registration number: 13774208)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

10,191

-

Investment property

5

1,752,000

892,636

 

1,762,191

892,636

Current assets

 

Debtors

6

(58,922)

(128,608)

Cash at bank and in hand

 

142,288

213,532

 

83,366

84,924

Creditors: Amounts falling due within one year

7

(251,203)

(224,710)

Net current liabilities

 

(167,837)

(139,786)

Total assets less current liabilities

 

1,594,354

752,850

Creditors: Amounts falling due after more than one year

7

(1,340,036)

(731,624)

Net assets

 

254,318

21,226

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

254,218

21,126

Shareholders' funds

 

254,318

21,226

For the financial 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 August 2025 and signed on its behalf by:
 

 

B2 Property Investments Ltd

(Registration number: 13774208)
Balance Sheet as at 30 November 2024

.........................................
Mr Aiden Lawrence Farhangi
Director

 

B2 Property Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4 Edenbridge Way
Sarisbury Green
Southampton
Hampshire
SO31 7LF

These financial statements were authorised for issue by the Board on 14 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

B2 Property Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

B2 Property Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

Additions

11,443

11,443

At 30 November 2024

11,443

11,443

Depreciation

Charge for the year

1,252

1,252

At 30 November 2024

1,252

1,252

Carrying amount

At 30 November 2024

10,191

10,191

5

Investment properties

2024
£

At 1 December

892,636

Additions

588,174

Fair value adjustments

271,190

At 30 November

1,752,000

A valuation was obtained from an independent firm of chartered surveyors to show the fair value of the properties.

6

Debtors

 

B2 Property Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Current

Note

2024
£

2023
£

Amounts owed by related parties

(95,008)

(128,608)

Prepayments

 

36,086

-

   

(58,922)

(128,608)

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

350

350

Other creditors

250,853

224,360

251,203

224,710

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

1,340,036

731,624

8

Share capital

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

1,340,036

731,624