B.S. & R.Price (Properties) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00766594 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

B.S. & R.Price (Properties) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss M Price

Mrs A Gostage

Mrs J Wedley

SECRETARY:

Mrs J Wedley

REGISTERED OFFICE:

40 Rhosnesni Lane

Wrexham

LL12 7NA

REGISTERED NUMBER:

00766594 (England and Wales)

ACCOUNTANTS:

Gwyn Thomas and Co Limited

1 Thomas Buildings

New Street

Pwllheli

Gwynedd

LL53 5HH

FIXED ASSETS

Tangible assets

4

4,023,810

4,992,080

Investments

5

402

400

4,024,212

4,992,480

CURRENT ASSETS

Debtors

6

946,824

1,052,331

Cash at bank

1,489,338

1,457,608

2,436,162

2,509,939

CREDITORS

Amounts falling due within one year

7

139,129

292,759

NET CURRENT ASSETS

2,297,033

2,217,180

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,321,245

7,209,660

PROVISIONS FOR LIABILITIES

390,497

554,394

NET ASSETS

5,930,748

6,655,266

CAPITAL AND RESERVES

Called up share capital

4,000

Fair value reserve

8

1,362,270

2,060,991

Retained earnings

4,564,478

4,590,275

SHAREHOLDERS' FUNDS

5,930,748

6,655,266

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 31 October 2025 and were signed on its behalf by:

Mrs J Wedley - Director

1.	STATUTORY INFORMATION

B.S. & R.Price (Properties) 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.

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 as modified by the revaluation of certain assets.

Turnover

Income is derived from the rental of freehold properties and is recognised on an accruals basis.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Investment property

Investment property is included at 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 .

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST OR VALUATION

At 1 April 2024

4,987,000

16,741

5,003,741

Disposals

(163,000

)

-

(163,000

)

Revaluations

(804,000

)

-

(804,000

)

At 31 March 2025

4,020,000

16,741

4,036,741

DEPRECIATION

At 1 April 2024

-

11,661

Charge for year

-

1,270

At 31 March 2025

-

12,931

NET BOOK VALUE

At 31 March 2025

4,020,000

3,810

4,023,810

At 31 March 2024

4,987,000

5,080

4,992,080

Cost or valuation at 31 March 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

Valuation in 2014

3,375,077

-

3,375,077

Valuation in 2015

(163,000

)

-

(163,000

)

Valuation in 2016

325,714

-

325,714

Valuation in 2017

145,240

-

145,240

Valuation in 2018

104,047

-

104,047

Valuation in 2019

260,714

-

260,714

Valuation in 2020

142,857

-

142,857

Valuation in 2021

(1,272,785

)

-

(1,272,785

)

Valuation in 2024

(58,618

)

-

(58,618

)

Valuation in 2025

(804,000

)

-

(804,000

)

Cost

1,964,754

16,741

1,981,495

4,020,000

16,741

4,036,741

If land and buildings had not been revalued they would have been included at the following historical cost:

31.3.25

31.3.24

£

Cost

1,964,754

2,069,136

Land and buildings were valued on an open market basis on 31 March 2025 by by the directors. .

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

400

Additions

2

At 31 March 2025

402

NET BOOK VALUE

At 31 March 2025

402

At 31 March 2024

400

6.

DEBTORS

31.3.25

31.3.24

£

Amounts falling due within one year:

Trade debtors

26,493

38,954

Other debtors

420,331

413,377

446,824

452,331

31.3.25

31.3.24

£

Amounts falling due after more than one year:

Amounts owed by participating interests

500,000

600,000

Aggregate amounts

946,824

1,052,331

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

133

969

Taxation and social security

73,482

179,649

Other creditors

65,514

112,141

139,129

292,759

8.

RESERVES

Fair

value

reserve

£

At 1 April 2024

2,060,991

Revaluation in year

(698,721

)

At 31 March 2025

1,362,270

The revaluation in the year is net of deferred tax .

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

Miss M Price

Balance outstanding at start of year

128,137

76,184

Amounts advanced

2,883

51,953

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

131,020

128,137

Mrs A Gostage

Balance outstanding at start of year

77,898

76,184

Amounts advanced

1,753

1,714

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

79,651

77,898

Mrs J Wedley

Balance outstanding at start of year

103,032

76,184

Amounts advanced

2,318

26,848

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

105,350

103,032

10.	RELATED PARTY DISCLOSURES

The company was under the control of the directors throughout the year.

The directors of the company are also directors of Cambrian Price Properties Limited a significant holding of B.S & R.Price (Properties) Limited. The amount owed by that company was £500,000 as at the year end (2024:£600,000).

Dividends paid during the year totalled £108,000.

11.	ULTIMATE CONTROLLING PARTY

The company is controlled by its directors.