B.D.J. Estates Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04119184 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

B.D.J. ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B R Dove

D Rivolta

J Rivolta

SECRETARY:

Mrs L Dove

REGISTERED OFFICE:

34 Ormside Way

Holmethorpe Industrial Estate

Redhill

Surrey

RH1 2LW

REGISTERED NUMBER:

04119184 (England and Wales)

ACCOUNTANTS:

Waight & Company Ltd

Trading as WaightSharnock

8 Lonsdale Gardens

Tunbridge Wells

Kent

TN1 1NU

FIXED ASSETS

Tangible assets

4

1,036,939

1,043,547

Investments

5

300,300

300,300

1,337,239

1,343,847

CREDITORS

Amounts falling due within one year

6

658,756

628,512

NET CURRENT LIABILITIES

(658,756

)

(628,512

)

TOTAL ASSETS LESS CURRENT LIABILITIES

678,483

715,335

CREDITORS

Amounts falling due after more than one year

7

(386,504

)

(426,472

)

PROVISIONS FOR LIABILITIES

(4,106

)

(4,106

)

NET ASSETS

287,873

284,757

CAPITAL AND RESERVES

Called up share capital

98

98

Revaluation reserve

9

255,349

255,349

Retained earnings

32,426

29,310

SHAREHOLDERS' FUNDS

287,873

284,757

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 7 July 2022 and were signed on its behalf by:

J Rivolta - Director

1.	STATUTORY INFORMATION

B.D.J. Estates 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

Turnover represents rental income and service charges, excluding value added tax.

Tangible fixed assets

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

Freehold property

-

not provided

Short leasehold

-

10% on cost

No depreciation has been provided on the freehold property, which is carried at valuation.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Short

property

leasehold

Totals

£

£

£

COST OR VALUATION

At 1 April 2021

and 31 March 2022

1,032,877

91,975

1,124,852

DEPRECIATION

At 1 April 2021

-

81,305

81,305

Charge for year

-

6,608

6,608

At 31 March 2022

-

87,913

87,913

NET BOOK VALUE

At 31 March 2022

1,032,877

4,062

1,036,939

At 31 March 2021

1,032,877

10,670

1,043,547

Cost or valuation at 31 March 2022 is represented by:

Freehold

Short

property

leasehold

Totals

£

£

£

Valuation in 2006

20,681

-

20,681

Valuation in 2009

82,100

-

82,100

Valuation in 2010

43,007

-

43,007

Valuation in 2017

109,561

-

109,561

Cost

777,528

91,975

869,503

1,032,877

91,975

1,124,852

If freehold property had not been revalued it would have been included at the following historical cost:

31.3.22

31.3.21

£

£

Cost

581,179

581,179

Freehold land and buildings were valued on an open market basis on 31 March 2022 by The Directors .

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2021

and 31 March 2022

300,300

NET BOOK VALUE

At 31 March 2022

300,300

At 31 March 2021

300,300

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans and overdrafts

89,464

88,146

Trade creditors

28

(52

)

Taxation and social security

23,623

24,618

Other creditors

545,641

515,800

658,756

628,512

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans

386,504

376,472

Other creditors

-

50,000

386,504

426,472

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.22

31.3.21

£

£

Bank loans

437,470

417,438

The bank loan is secured by:

- a first legal charge over the freehold property

- a joint and several guarantee for £75,000 given by the directors, B Dove, J Rivolta and D Rivolta

- a fixed and floating charge over all assets of the company

- an unlimited guarantee given by About Roofing Supplies Limited (see Related Party Disclosure Note)

9.

RESERVES

Revaluation

reserve

£

At 1 April 2021

and 31 March 2022

255,349

10.	RELATED PARTY DISCLOSURES

A dividend of £27,154 (2021 - £23,903) was paid to the spouse of a director.

The company made sales to a company controlled by its directors, About Roofing Suppliers Limited, of £180,833 (2021 - £236,417) and made purchases of £65,320 (2021 - £124,447).

Amount due to About Roofing Supplies at the balance sheet date was £269,336 (2021 - £220,575)

The company made sales to a subsidiary, About Roofing Limited, of £30,000 (2021 - £16,730)

Amount due to About Roofing Limited at the balance sheet date was £274,505 (2021 - £293,427)

11.	ULTIMATE CONTROLLING PARTY

There is no controlling party.