Bexbury Properties Limited Filleted accounts for Companies House (small and micro)

Bexbury Properties Limited Filleted accounts for Companies House (small and micro)

BEXBURY PROPERTIES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 04767012
Bexbury Properties Limited
Filleted Unaudited Financial Statements
31 May 2020
Bexbury Properties Limited
Statement of Financial Position
31 May 2020
2020
2019
Note
£
£
£
Fixed assets
Tangible assets
3
833,257
833,257
Investments
4
1
1
---------
---------
833,258
833,258
Current assets
Debtors
5
1,760,956
1,729,858
Cash at bank and in hand
145,070
147,952
------------
------------
1,906,026
1,877,810
Creditors: amounts falling due within one year
6
1,612,707
1,589,382
------------
------------
Net current assets
293,319
288,428
------------
------------
Total assets less current liabilities
1,126,577
1,121,686
Accruals and deferred income
4,500
6,720
------------
------------
Net assets
1,122,077
1,114,966
------------
------------
Capital and reserves
Called up share capital
2
2
Profit and loss account
1,122,075
1,114,964
------------
------------
Shareholders funds
1,122,077
1,114,966
------------
------------
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 comprehensive income has not been delivered.
For the year ending 31 May 2020 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 .
Bexbury Properties Limited
Statement of Financial Position (continued)
31 May 2020
These financial statements were approved by the board of directors and authorised for issue on 27 May 2021 , and are signed on behalf of the board by:
M Feldman
Director
Company registration number: 04767012
Bexbury Properties Limited
Accounting Policies
Year ended 31 May 2020
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.
Revenue recognition
The turnover shown in the profit and loss account represents the rent receivables for the year.
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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent 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 equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Bexbury Properties Limited
Notes to the Financial Statements
Year ended 31 May 2020
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1, Hallswelle Road, London, NW11 ODH.
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. Tangible assets
Freehold property
£
Cost
At 1 June 2019 and 31 May 2020
833,257
---------
Depreciation
At 1 June 2019 and 31 May 2020
–
---------
Carrying amount
At 31 May 2020
833,257
---------
At 31 May 2019
833,257
---------
4. Investments
Shares in group undertakings
£
Cost
At 1 June 2019 and 31 May 2020
1
----
Impairment
At 1 June 2019 and 31 May 2020
–
----
Carrying amount
At 31 May 2020
1
----
At 31 May 2019
1
----
5. Debtors
2020
2019
£
£
Trade debtors
13,410
18,665
Amounts owed by group undertakings and undertakings in which the company has a participating interest
1,252,515
1,294,162
Other debtors
495,031
417,031
------------
------------
1,760,956
1,729,858
------------
------------
6. Creditors: amounts falling due within one year
2020
2019
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
2
2
Corporation tax
326
–
Other creditors
1,612,379
1,589,380
------------
------------
1,612,707
1,589,382
------------
------------