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Company No: 09617720 (England and Wales)

# BBS CONSTRUCTION (CORNWALL) LIMITED

### Unaudited Financial Statements
For the financial year ended 30 June 2025
Pages for filing with the registrar

BBS CONSTRUCTION (CORNWALL) LIMITED

## Unaudited Financial Statements

For the financial year ended 30 June 2025

Contents

BBS CONSTRUCTION (CORNWALL) LIMITED

## BALANCE SHEET

As at 30 June 2025
BBS CONSTRUCTION (CORNWALL) LIMITED

## BALANCE SHEET (continued)

As at 30 June 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 3 | 1,270,000 |  | 1,270,000
|  | 1,270,000 |  | 1,270,000
Current assets |  |  |  |
Stocks |  | 0 |  | 174,574
Debtors | 4 | 32,140 |  | 34,856
Cash at bank and in hand |  | 24,590 |  | 10,744
|  | 56,730 |  | 220,174
Creditors: amounts falling due within one year | 5 | ( 105,707) |  | ( 314,371)
Net current liabilities |  | (48,977) |  | (94,197)
Total assets less current liabilities |  | 1,221,023 |  | 1,175,803
Net assets |  | 1,221,023 |  | 1,175,803
Capital and reserves |  |  |  |
Called-up share capital | 6 | 50,000 |  | 50,000
Profit and loss account |  | 1,171,023 |  | 1,125,803
Total shareholders' funds |  | 1,221,023 |  | 1,175,803

For the financial year ending 30 June 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 financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of BBS Construction (Cornwall) Limited (registered number: 09617720) were approved and authorised for issue by the Board of Directors on 24 March 2026. They were signed on its behalf by:

B V Arthur Director |

BBS CONSTRUCTION (CORNWALL) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025
BBS CONSTRUCTION (CORNWALL) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

BBS Construction (Cornwall) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Signals, Mount Pleasant Road, Camborne, TR14 7RF, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing costs incurred for work performed to date to the total estimated costs.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss.
The directors have considered the nature of these properties during the financial year and confirmed that a change in use from stock to investment property is appropriate. The properties have then been revalued to their fair value recognised in profit.

##### Stocks

Stock is stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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 Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 3. Investment property

| Investment property
| £
Valuation |
As at 01 July 2024 | 1,270,000
As at 30 June 2025 | 1,270,000

Valuation

A full market valuation of investment property was completed by 30 June 2024 at the Balance Sheet date. The valuations performed were arrived at by reference to market evidence of transaction prices for similar properties.
The fair value of the company's residential investment property at 30 June 2025 have been arrived at on the basis of valuations given by the company directors.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

| 2025 |  | 2024
| £ |  | £
Historic cost | 151,599 |  | 151,599

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 936 |  | 3,366
Other debtors | 31,204 |  | 31,490
| 32,140 |  | 34,856

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Taxation and social security | 11,613 |  | 276,594
Other creditors | 94,094 |  | 37,777
| 105,707 |  | 314,371

#### 6. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
50,000 Ordinary shares of £ 1.00 each | 50,000 |  | 50,000