Company Registration No. 13762796 (England and Wales)
BPY Properties Limited
Unaudited accounts
for the period from 1 December 2023 to 31 March 2024
BPY Properties Limited
Statement of financial position
as at 31 March 2024
Tangible assets
1,269
1,428
Investment property
581,976
581,976
Cash at bank and in hand
3,327
4,129
Creditors: amounts falling due within one year
(314,324)
(305,357)
Net current liabilities
(229,206)
(232,954)
Total assets less current liabilities
354,039
350,450
Creditors: amounts falling due after more than one year
(382,500)
(382,500)
Net liabilities
(28,461)
(32,050)
Called up share capital
1
1
Profit and loss account
(28,462)
(32,051)
Shareholders' funds
(28,461)
(32,050)
For the period ending 31 March 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the period in accordance with Section 444(2A).
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 and authorised for issue on 20 August 2025 and were signed on its behalf by
Daniel Holt
Director
Company Registration No. 13762796
BPY Properties Limited
Notes to the Accounts
for the period from 1 December 2023 to 31 March 2024
BPY Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 13762796. The registered office is 57 Mowbray Road, Edgware, HA8 8JL, 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, 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.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% straight line
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.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
BPY Properties Limited
Notes to the Accounts
for the period from 1 December 2023 to 31 March 2024
4
Tangible fixed assets
Total
5
Average number of employees
During the period the average number of employees was 1 (2023: 1).