BGB Property Solution Ltd 28/02/2025 iXBRL

Company registration number: 13215826

BGB Property Solution Ltd

Unaudited filleted financial statements

28 February 2025

BGB Property Solution Ltd

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

BGB Property Solution Ltd

Directors and other information


	Directors	Daljit Kaur Sira
		Gurpal Singh Bhambra


	Company number	13215826


	Registered office	20-22 Wenlock Road
		London
		N1 7GU


	Accountants	Dickson Middleton
		20 Barnton Street
		Stirling
		FK8 1NA

BGB Property Solution Ltd

Report to the board of directors on the preparation of the

unaudited statutory financial statements of BGB Property Solution Ltd

Year ended 28 February 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of BGB Property Solution Ltd for the year ended 28 February 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the board of directors of BGB Property Solution Ltd, as a body, in accordance with the terms of our engagement letter dated 9 April 2025. Our work has been undertaken solely to prepare for your approval the financial statements of BGB Property Solution Ltd and state those matters that we have agreed to state to the board of directors of BGB Property Solution Ltd as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BGB Property Solution Ltd and its board of directors as a body for our work or for this report.

It is your duty to ensure that BGB Property Solution Ltd 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 loss of BGB Property Solution Ltd. You consider that BGB Property Solution Ltd 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 BGB Property Solution Ltd. 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.

Dickson Middleton

Chartered Accountants

20 Barnton Street

Stirling

FK8 1NA

1 October 2025

BGB Property Solution Ltd

Statement of financial position

28 February 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	4	329,525		202,827
		_______		_______
			329,525		202,827

Current assets
Debtors	5	1,350		-
Cash at bank and in hand		348		3,044
		_______		_______
		1,698		3,044
Creditors: amounts falling due
within one year	6	( 131,993)		( 122,052)
		_______		_______
Net current liabilities			( 130,295)		( 119,008)
			_______		_______
Total assets less current liabilities			199,230		83,819

Creditors: amounts falling due
after more than one year	7		( 234,067)		( 116,980)
			_______		_______
Net liabilities			( 34,837)		( 33,161)
			_______		_______

Capital and reserves
Called up share capital			2		2
Profit and loss account			( 34,839)		( 33,163)
			_______		_______
Shareholders deficit			( 34,837)		( 33,161)
			_______		_______

For the year ending 28 February 2025 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 financial statements for the year in question in accordance with section 476;

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 01 October 2025 , and are signed on behalf of the board by:

Daljit Kaur Sira

Director

Company registration number: 13215826

BGB Property Solution Ltd

Notes to the financial statements

Year ended 28 February 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is 20-22 Wenlock Road, London, N1 7GU.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for rentals.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Computer equipment	-	25 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Investment property

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

4. Tangible assets

	Freehold property	Computer equipment	Total
	£	£	£
Cost
At 29 February 2024	202,679	594	203,273
Additions	126,846	-	126,846
	_______	_______	_______
At 28 February 2025	329,525	594	330,119
	_______	_______	_______
Depreciation
At 29 February 2024	-	446	446
Charge for the year	-	148	148
	_______	_______	_______
At 28 February 2025	-	594	594
	_______	_______	_______
Carrying amount
At 28 February 2025	329,525	-	329,525
	_______	_______	_______
At 28 February 2024	202,679	148	202,827
	_______	_______	_______

Investment property

Included in Freehold property are investment properties with a fair value of £329,525. Investment properties comprises a portfolio of residential properties. The fair value of the investment property has been arrived at on the basis of a valuation carried out on 28 February 2025 by the directors. The valuation was made on an open market value basis.

5. Debtors

	2025	2024
	£	£
Other debtors	1,350	-
	_______	_______

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Other creditors	131,993	122,052
	_______	_______

7. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	234,067	116,980
	_______	_______

Bank loans represent mortgages that are secured over the companies' investment properties.