Bury Property Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11770442

BURY PROPERTY LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

27 January 2025

BURY PROPERTY LTD

FINANCIAL STATEMENTS

YEAR ENDED 27 JANUARY 2025

CONTENTS	PAGE

Statement of financial position	1

Notes to the financial statements	3

BURY PROPERTY LTD

STATEMENT OF FINANCIAL POSITION

27 January 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		217,512		217,512

CURRENT ASSETS

Debtors	6	16,272	8,272
Cash at bank and in hand		3,678	4,639
		---------	---------
		19,950	12,911

CREDITORS: amounts falling due within one year	7	( 126,790)		( 101,792)
		----------		----------
NET CURRENT LIABILITIES			( 106,840)		( 88,881)
			----------		----------
TOTAL ASSETS LESS CURRENT LIABILITIES			110,672		128,631

CREDITORS: amounts falling due after more than one year	8	( 149,916)	( 159,916)
		----------	----------
NET LIABILITIES		( 39,244)	( 31,285)
		----------	----------

BURY PROPERTY LTD

STATEMENT OF FINANCIAL POSITION (continued)

27 January 2025

	2025		2024
Note	£	£	£	£

CAPITAL AND RESERVES

Called up share capital	1	1
Profit and loss account	( 39,245)	( 31,286)
	---------	---------
SHAREHOLDER DEFICIT	( 39,244)	( 31,285)
	---------	---------

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 income statement has not been delivered.

For the year ending 27 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her 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 22 April 2026 , and are signed on behalf of the board by:

Mrs C M Miller
Director

Company registration number: 11770442

BURY PROPERTY LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 27 JANUARY 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 92a Darenth Road, London, N16 6ED.

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

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

The turnover shown in the profit and loss account represents amounts invoiced during the year, stated net of discounts and value added tax.

Taxation

Tax on the profit or loss for the year comprises current and deferred tax. Tax is recognised in the profit and loss account except to the extent that it relates to items recognised directly in equity or other comprehensive income, in which case it is recognised directly in equity or other comprehensive income. Current tax is expected tax payable or receivable on the taxable income or loss for the year, using rates enacted or substantively enacted at the balance sheet date, and any adjustment to tax payable in respect of previous years. Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using tax rates enacted or substantively enacted at the balance sheet date. For investment property that is measured at fair value, deferred tax is provided at the rate and allowances applicable to the sale of the property.

Investment properties

Investment properties are properties which are held either to earn rental income or for capital appreciation or for both. Investment properties are recognised initially at cost. Subsequent to initial recognition - - Investment properties whose fair value can be measured reliably are held at fair value. Any gains or losses arising from changes in the fair value are recognised in the profit and loss account in the period that they arise; and - No depreciation is provided in respect of investment properties applying the fair value model. Investment property fair value is determined by the director based on her understanding of property market conditions and the specific property concerned. Acquisitions and disposals of properties Acquisitions and disposals are considered to have taken place at the date of legal completion and are included in the financial statements accordingly. Tangible assets Tangible assets are initially recorded at cost, and 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.

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:

	Equipment	-	25% straight line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to Nil (2024: 1 ).

5. TANGIBLE ASSETS

	Long leasehold investment properties	Equipment	Total
	£	£	£
Fair value and cost
At 28 January 2024 and 27 January 2025	217,512	1,514	219,026
	----------	-------	----------
Depreciation
At 28 January 2024 and 27 January 2025	–	1,514	1,514
	----------	-------	----------
Carrying amount
At 27 January 2025	217,512	–	217,512
	----------	-------	----------
At 27 January 2024	217,512	–	217,512
	----------	-------	----------

The Company's investment properties are valued by the Director, based on her understanding of property market conditions using a sales valuation approach, derived from recent comparable transactions and market yields, adjusted by applying discounts to reflect status of occupation and condition. The historical cost of the investment properties is £217,512.

6. DEBTORS

	2025	2024
	£	£
Other debtors	16,272	8,272
	---------	-------

7. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,000	10,000
Other creditors	116,790	91,792
	----------	----------
	126,790	101,792
	----------	----------

8. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	106,660	116,660
Other creditors	43,256	43,256
	----------	----------
	149,916	159,916
	----------	----------

The bank loans are secured on some of the company's investment properties, and are repayable in more than five years from the balance sheet date.

9. RELATED PARTY TRANSACTIONS

Other creditors falling due after more than one year represents a loan due to a company connected with the director and shareholders. The loan is interest-free and repayable after twelve months.