BK PROPERTIES CHORLEY LTD
Company Information
for the year ended 30 November 2024
Directors
BIJUMON KURIAN
LIJI BIJU
Company Number
12996541 (England and Wales)
Registered Office
128 Preston Road
Chorley
Chorley
Lancashire
PR6 7AU
UNITED KINGDOM
Accountants
Asset Global Accountants Ltd
26 Landcross Drive
Northampton
NN3 3LS
BK PROPERTIES CHORLEY LTD
Statement of financial position
as at 30 November 2024
Investment property
796,381
376,838
Cash at bank and in hand
407
14,616
Creditors: amounts falling due within one year
(761,579)
(128,128)
Net current liabilities
(761,172)
(113,512)
Total assets less current liabilities
35,209
263,326
Creditors: amounts falling due after more than one year
-
(235,703)
Called up share capital
2
2
Profit and loss account
35,207
27,621
Shareholders' funds
35,209
27,623
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. 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 29 August 2025 and were signed on its behalf by
BIJUMON KURIAN
Director
Company Registration No. 12996541
BK PROPERTIES CHORLEY LTD
Notes to the Accounts
for the year ended 30 November 2024
BK PROPERTIES CHORLEY LTD is a private company, limited by shares, registered in England and Wales, registration number 12996541. The registered office is 128 Preston Road, Chorley, Chorley, Lancashire, PR6 7AU, UNITED KINGDOM.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property, held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit/loss.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The annual, fixed rate interest only mortgage payments applies to two properties.
Fair value at 1 December 2023
376,838
At 30 November 2024
796,381
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,780
5,995
Other creditors
385,650
625
Loans from directors
374,149
121,508
6
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
-
235,703
BK PROPERTIES CHORLEY LTD
Notes to the Accounts
for the year ended 30 November 2024
7
Transactions with related parties
During the financial year, the Company entered into the following transaction with a related party: The Company received an intercompany loan amounting to £385,000 from its related party company J Rose Care Care Limited to support its business operations and investment activities. The funds received were utilized for business expansion and the purchase of property during the year. The loan carries no interest and is repayable on demand as per the loan agreement. As at the reporting date, the loan balance is included under Other Creditors in the financial statements.
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).