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Registered number: 02393051
BILDURN (PROPERTIES) LIMITED
Financial statements
Information for filing with the registrar
For the Year Ended 31 December 2024
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BILDURN (PROPERTIES) LIMITED
Registered number: 02393051
Balance Sheet
As at 31 December 2024
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
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SPD Akins
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The notes on pages 2 to 5 form part of these financial statements.
Page 1
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BILDURN (PROPERTIES) LIMITED
Notes to the Financial Statements
For the Year Ended 31 December 2024
1.Accounting policies
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Basis of preparation of financial statements
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Bildurn (Properties) Limited is a private company limited by shares and incorporated in England within the United Kingdom. The address of the registered office is given in the company information of these financial statements. The company's registration number is 02393051. The company's place of business is located at St Mary's School, Plumptre Place, Nottingham, NG1 1LW.
The financial statements have been prepared on a going concern basis under the historical cost convention modified to include items at fair value. The financial statements have been prepared in accordance with FRS 102 Section 1A small entities, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006.
The financial statements are prepared in Sterling which is the functional currency of the company and have been rounded to the nearest £1.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
The financial statements have been prepared on a going concern basis notwithstanding net liabilities of £321,206. The directors of the ultimate parent company, SJC 15 Limited, and its subsidiaries have indicated their agreement to continue to provide financial support to the company such that the company is able to continue to trade and meet its debts and liabilities as they fall due and that they will not seek repayment of intercompany debts within twelve months of signing these financial statements.
Stocks and work in progress, which include the costs of the property together with all attributable costs including labour and overheads, are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.
Revenue comprises of income arising from the sale and rental of property. Rentals are recognised in accordance with the terms of the lease agreement and revenue from the sale of property is recognised upon legal completion of contracts, when ownership is transferred. Revenue is recognised when it is probable that the company will receive the consideration due under the contract.
Page 2
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BILDURN (PROPERTIES) LIMITED
Notes to the Financial Statements
For the Year Ended 31 December 2024
1.Accounting policies (continued)
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
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Cash and cash equivalents
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Cash and cash equivalents in the balance sheet comprise cash in hand and short term deposits with an original maturity date of three months or less.
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Short term debtors and creditors
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Debtors and creditors with no stated interest rate or that are receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income in other administrative expenses.
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The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).
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Page 3
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BILDURN (PROPERTIES) LIMITED
Notes to the Financial Statements
For the Year Ended 31 December 2024
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Amounts owed by group undertakings
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Amounts owed by group undertakings are unsecured, interest free, have no fixed date of repayment andare repayable on demand.
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Amounts owed to group undertakings are unsecured, interest free, have no fixed date of repayment andare repayable on demand.
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Allotted, called up and fully paid
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801,000 (2023 - 801,000) Ordinary shares of £1.00 each
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The company is subject to an unlimited guarantee dated 18 August 2008.
The company is a guarantor for Geo Akins (Holdings) Limited. The guarantee dated 23 February 2005 is an unlimited guarantee in relation to cost overruns.
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Related party transactions
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The company has taken advantage of the exemption under FRS 102 Section 33.1A Related Party Disclosures from disclosing transactions with other members of the group.
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Page 4
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BILDURN (PROPERTIES) LIMITED
Notes to the Financial Statements
For the Year Ended 31 December 2024
The company's ultimate parent undertaking is SJC 15 Limited.
The largest group in which the results of the company are consolidated is SJC 15 Limited. Consolidated financial statements are available from the registered office, 2 Lace Market Square, Nottingham, NG1 1PB.
The company is ultimately controlled by GH Akins (Jnr) and SPD Akins by virtue of their joint shareholding in SJC 15 Limited.
The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.
The audit report was signed on 26 September 2025 by Sarah Flear (Senior Statutory Auditor) on behalf of PKF Smith Cooper Audit Limited.
Page 5
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