REGISTERED NUMBER: 04495463 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Balgores Property Services Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTORS:

P A Austin

M Gibbon

Mrs K Gibbon

SECRETARY:

M Gibbon

REGISTERED OFFICE:

10 High Street

Wickford

Essex

RM11 1RL

REGISTERED NUMBER:

04495463 (England and Wales)

ACCOUNTANTS:

Edison and Co

Chartered Certified Accountants

29 Herbert Road

Hornchurch

Essex

RM11 3LH

FIXED ASSETS

Tangible assets

4

250,574

150,417

CURRENT ASSETS

Debtors

5

623,768

797,158

Cash at bank and in hand

3,280,010

2,597,911

3,903,778

3,395,069

CREDITORS

Amounts falling due within one year

6

754,483

547,841

NET CURRENT ASSETS

3,149,295

2,847,228

TOTAL ASSETS LESS CURRENT LIABILITIES

3,399,869

2,997,645

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

7

3,399,767

2,997,543

SHAREHOLDERS' FUNDS

3,399,869

2,997,645

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2025 and were signed on its behalf by:

M Gibbon - Director

1.	STATUTORY INFORMATION

Balgores Property Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of services excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

in accordance with the property

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 56 (2023 - 58 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

59,482

469,034

37,164

565,680

Additions

-

74,929

95,000

169,929

At 31 December 2024

59,482

543,963

132,164

735,609

DEPRECIATION

At 1 January 2024

59,366

339,638

16,259

415,263

Charge for year

-

40,796

28,976

69,772

At 31 December 2024

59,366

380,434

45,235

485,035

NET BOOK VALUE

At 31 December 2024

116

163,529

86,929

250,574

At 31 December 2023

116

129,396

20,905

150,417

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

358,711

300,769

Other debtors

265,057

496,389

623,768

797,158

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

162,357

99,351

Taxation and social security

545,245

402,148

Other creditors

46,881

46,342

754,483

547,841

7.

RESERVES

Retained

earnings

£

At 1 January 2024

2,997,543

Profit for the year

742,224

Dividends

(340,000

)

At 31 December 2024

3,399,767

8.	RELATED PARTY DISCLOSURES

The directors were owed £32,105 by the company at the year end.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Balgores Property Services Limited for the year ended 31 December 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Balgores Property Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Balgores Property Services Limited and state those matters that we have agreed to state to the Board of Directors of Balgores Property Services Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Balgores Property Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Balgores Property Services Limited. You consider that Balgores Property Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Balgores Property Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Edison and Co

Chartered Certified Accountants

29 Herbert Road

Hornchurch

Essex

RM11 3LH

18 September 2025