B.I. Properties Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02982523

B.I. Properties Limited

Filleted Unaudited Financial Statements

For the year ended

31 March 2025

B.I. Properties Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5	14,763	31,618
Investments	6	5,652,386	5,652,386
		-------------	-------------
		5,667,149	5,684,004

Current assets

Debtors	7	2,298,451	3,112,955
Cash at bank and in hand		309,195	27,954
		-------------	-------------
		2,607,646	3,140,909

Creditors: Amounts falling due within one year	8	610,210		521,729
		-------------		-------------
Net current assets			1,997,436	2,619,180
			-------------	-------------
Total assets less current liabilities			7,664,585	8,303,184

Creditors: Amounts falling due after more than one year	9		187,500	837,500

Provisions

Taxation including deferred tax	102,364	106,825
	-------------	-------------
Net assets	7,374,721	7,358,859
	-------------	-------------

Capital and reserves

Called up share capital	1	1
Profit and loss account	7,374,720	7,358,858
	-------------	-------------
Shareholders funds	7,374,721	7,358,859
	-------------	-------------

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.

B.I. Properties Limited

Statement of Financial Position (continued)

31 March 2025

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 were approved by the board of directors and authorised for issue on 16 December 2025 , and are signed on behalf of the board by:

Mrs J Lefton	Mr J H Lefton
Director	Director

Company registration number: 02982523

B.I. Properties Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Roundhouse Court, South Rings Office Village, Bamber Bridge, Preston, PR5 6DA.

2. Statement of compliance

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

3. Accounting policies

3.1 Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

3.2 Revenue recognition

Turnover represents amounts receivable, exclusive of VAT, for rental income from investment properties and is recognised on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis.

3.3 Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

3.4 Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

3.5 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:

Motor Vehicles	-	25% straight line
Equipment	-	25% straight line

3.6 Investment property

Investment property is included at fair value and any changes in fair value are recognised in income statement. Deferred taxation is provided on the gains at the rate expected to apply when the property is sold.

3.7 Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

3.8 Defined contribution plans

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. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

5. Tangible assets

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 1 April 2024	58,594	87,997	146,591
Additions	–	600	600
Disposals	–	( 21,195)	( 21,195)
	---------	---------	----------
At 31 March 2025	58,594	67,402	125,996
	---------	---------	----------
Depreciation
At 1 April 2024	36,012	78,961	114,973
Charge for the year	14,125	3,330	17,455
Disposals	–	( 21,195)	( 21,195)
	---------	---------	----------
At 31 March 2025	50,137	61,096	111,233
	---------	---------	----------
Carrying amount
At 31 March 2025	8,457	6,306	14,763
	---------	---------	----------
At 31 March 2024	22,582	9,036	31,618
	---------	---------	----------

6. Investments

	Investment property
	£
Fair Value
At 1 April 2024 and 31 March 2025	5,652,386
	-------------
Impairment
At 1 April 2024 and 31 March 2025	–
	-------------

Carrying amount
At 31 March 2025	5,652,386
	-------------
At 31 March 2024	5,652,386
	-------------

At 31st March 2025 the directors assessed the fair value of investment properties based on rental yields.

7. Debtors

	2025	2024
	£	£
Trade debtors	68,240	31,063
Other debtors	2,230,211	3,081,892
	-------------	-------------
	2,298,451	3,112,955
	-------------	-------------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	50,000	50,000
Corporation tax	129,806	56,138
Social security and other taxes	29,622	61,816
Other creditors	400,782	353,775
	----------	----------
	610,210	521,729
	----------	----------

The bank loans falling due in less than one year are secured by the company.

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

	2025	2024
	£	£
Bank loans and overdrafts	187,500	837,500
	----------	----------

The bank loans falling due after one year are secured by the company.

10. Directors' advances, credits and guarantees

At the year end the directors owed the company £ 0 (2024:£ 73,487 ). The loans were repayable on demand and the rate of interest charged was 0% (2024:2.25%).Interest received by the company amounted to £0 (2024:£226). The loan was repaid in full on 7th June 2024.

11. Related party transactions

During the year the company paid £ 350,000 (2024:£ 0 ) in dividends to a director .