Bielby__Wright_Property_Management_Ltd_31_Mar_2025_companies_house_set_of

Bielby & Wright Property Management Ltd

Report to the board of directors on the preparation of the unaudited statutory financial statements of Bielby & Wright Property Management Ltd

Year ended

31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements

Bielby & Wright Property Management Ltd

for the year ended

31 March 2025

which comprise the income statement, 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 the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Members/Doc/rule/2018-rulebook.pdf.

This report is made solely to the Board of Directors of

Bielby & Wright Property Management Ltd

, as a body. Our work has been undertaken solely to prepare for your approval the

financial statements

Bielby & Wright Property Management Ltd

and state those matters that we have agreed to state to the Board of Directors of

Bielby & Wright Property Management Ltd

, 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/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than

Bielby & Wright Property Management Ltd

and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that

Bielby & Wright Property Management 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 profit of

Bielby & Wright Property Management Ltd

. You consider that

Bielby & Wright Property Management 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 Bielby & Wright Property Management 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.

A G Smith & Co Ltd

Chartered Certified Accountants

Unit 8 Laceby Business Park

Grimsby Road

Laceby

North East Lincolnshire

DN37 7DP

United Kingdom

Date:

14 October 2025

Bielby & Wright Property Management Ltd

Statement of Financial Position

31 March 2025

		2025		2024
	Note	£		£
Fixed assets
Intangible assets	5	344,750		403,850
Tangible assets	6	2,789		3,457
		347,539		407,307
Current assets
Debtors	7	14,014		25,142
Cash at bank and in hand		139,669		167,781
		153,683		192,923
Creditors: amounts falling due within one year	8	(166,543	)	(185,508	)
Net current (liabilities)/assets		(12,860	)	7,415
Total assets less current liabilities		334,679		414,722
Creditors: amounts falling due after more than one year	9	(252,391	)	(326,483	)
Provisions for liabilities		(654	)	(864	)
Net assets		81,634		87,375
Capital and reserves
Called up share capital		100		100
Profit and loss account		81,534		87,275
Shareholders funds		81,634		87,375

For the year ending

31 March 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.

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

These

financial statements

were approved by the board of directors and authorised for issue on

14 October 2025

, and are signed on behalf of the board by:



T Bielby	S Wright
Director	Director

Company registration number:

13048265

Bielby & Wright Property Management Ltd

Notes to the Financial Statements

Year ended

31 March 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

Hampton House

Church Lane

Grimsby

North East Lincolnshire

DN31 1JR

, England. The company registration number is 13048265.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to 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 assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.

Current tax

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.

Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired.

Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset. Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed not to exceed five years.

Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount. However, Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Any intangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation 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. However, the increase is recognised in profit or loss to the extent that 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. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

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

Goodwill

Straight line over 10 years

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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

Office equipment	25% straight line
Fixtures and fittings	20% reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was

(2024:

12.00

5 Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	591,000
Amortisation
At 1 April 2024	187,150
Charge	59,100
At 31 March 2025	246,250
Carrying amount
At 31 March 2025	344,750
At 31 March 2024	403,850

6 Tangible assets

	Plant and machinery etc.
	£
Cost
At 1 April 2024	5,307
Additions	695
At 31 March 2025	6,002
Depreciation
At 1 April 2024	1,850
Charge	1,363
At 31 March 2025	3,213
Carrying amount
At 31 March 2025	2,789
At 31 March 2024	3,457

7 Debtors

	2025	2024
	£	£
Trade debtors	9,829	18,959
Other debtors	4,185	6,183
	14,014	25,142

8 Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	12,575	15,709
Taxation and social security	43,068	60,071
Other creditors	110,900	109,728
	166,543	185,508

9 Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Other creditors	252,391		326,483

The loan of £397,075 (2023: £464,332) is covered by a personal guarantee given by the Directors.

Loans due after more than 5 years, repayable by installments, total £Nil (2023: £93,000).