Build 46 Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11458818 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2021

FOR

BUILD 46 LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A J Davis

Mr L J Davis

Mr J S Davis

SECRETARY:

Mr A J Davis

REGISTERED OFFICE:

Raffingers LLP

Unit 19-20, Bourne Court

Woodford Green

IG8 8HD

REGISTERED NUMBER:

11458818 (England and Wales)

ACCOUNTANTS:

Raffingers LLP

Chartered Certified Accountants

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

FIXED ASSETS

Tangible assets

4

9,760

12,200

CURRENT ASSETS

Debtors

4,155,863

1,337,715

Cash at bank and in hand

13,484

52,429

4,169,347

1,390,144

CREDITORS

Amounts falling due within one year

4,199,735

1,756,277

NET CURRENT LIABILITIES

(30,388

)

(366,133

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(20,628

)

(353,933

)

CREDITORS

Amounts falling due after more than one year

5

40,103

19,667

NET LIABILITIES

(60,731

)

(373,600

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(60,732

)

(373,601

)

(60,731

)

(373,600

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2021 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 November 2022 and were signed on its behalf by:

Mr A J Davis - Director

1.	STATUTORY INFORMATION

Build 46 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The accounts have been prepared on the going concern basis as the directors are of the opinion that the company will meet its liabilities as and when due, due to the continued support of the directors.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Motor vehicles

-

20% on reducing balance

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.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2020

and 31 July 2021

15,250

DEPRECIATION

At 1 August 2020

3,050

Charge for year

2,440

At 31 July 2021

5,490

NET BOOK VALUE

At 31 July 2021

9,760

At 31 July 2020

12,200

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2021

2020

£

£

Repayable by instalments

Bank loans

-

3,667

6.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £5,007 (2020: £1,756) to Mr A J Davis, the director.

At the balance sheet date, the company owed to

- 3D Stradbroke Limited : £3,455,811 (2020 : £1,327,473)

- J.A.L Investments Ltd : £6,497 (2020 : £6,497)

- Chrome Square Development Limited : £100,047 (2020 : £100,760)

- Ferry Street LLP: £20,000 (2020 : £20,000)

- Gazeport Limited: £241,426 (2020 : £220,868)

- JSD Properties Limited : £65,292 (2020 : £1,923)

- Imperial Height Limited : £10,906 (2020 : £8,425)

- Bromley & Catford Limited : £10,457 (2020 : £10,196)

-126 Manor Heights Limited £10,236 (2020: nil)

- 3D Holdings Limited : £82,193 (2020 : was owed by £11,551)

At the balance sheet date, the company was owed by

- Build 2017 Limited : £45,925 (2020 : £45,413)

- 105 Manor Road Limited : £2,886 (2020 : £2,886)

- 3D Investment Limited : £17,923 (2020 : £6,487)

- Anson Road Limited : £10,000 (2020 : £10,000)

- LoLo Limited £4,799 (2020: £4,799)

- HFL £12,000 (2020 : £12,000)

All the above companies/LLP are related by virtue of common director/members.