Butt Investments Limited - Accounts to registrar (filleted) - small 22.3

Butt Investments Limited - Accounts to registrar (filleted) - small 22.3

BUTT INVESTMENTS LIMITED - Company Information

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REGISTERED NUMBER: 00610663 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

BUTT INVESTMENTS LIMITED
Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE








BUTT INVESTMENTS LIMITED (REGISTERED NUMBER: 00610663)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

BUTT INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: J A Butt
Mrs M I Stone





SECRETARY: Mrs M I Stone





REGISTERED OFFICE: 3 Durrant Road
Bournemouth
Dorset
BH2 6NE





REGISTERED NUMBER: 00610663 (England and Wales)





ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE
Page 1
BUTT INVESTMENTS LIMITED (REGISTERED NUMBER: 00610663)

BALANCE SHEET
31 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,313,175 1,972,210

CURRENT ASSETS
Debtors 5 11,196 46,415
Cash at bank 304,887 476,139
316,083 522,554
CREDITORS
Amounts falling due within one year 6 60,497 60,105
NET CURRENT ASSETS 255,586 462,449
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,568,761
2,434,659

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 2,568,261 2,434,159
SHAREHOLDERS' FUNDS 2,568,761 2,434,659

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 notes form part of these financial statements

Page 2 continued...
BUTT INVESTMENTS LIMITED (REGISTERED NUMBER: 00610663)

BALANCE SHEET - continued
31 MARCH 2022


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 December 2022 and were signed on its behalf by:





J A Butt - Director


The notes form part of these financial statements

Page 3
BUTT INVESTMENTS LIMITED (REGISTERED NUMBER: 00610663)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022


1. STATUTORY INFORMATION

Butt Investments 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.

Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Investment property
The company's investment properties have been included at cost rather than fair value as it is considered that the fair value cannot be measured reliably without undue cost. The Directors can however confirm that the value is significantly in excess of cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

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

Page 4 continued...
BUTT INVESTMENTS LIMITED (REGISTERED NUMBER: 00610663)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


4. INVESTMENT PROPERTY
Total
£   
COST
At 1 April 2021 1,972,210
Additions 340,965
At 31 March 2022 2,313,175
NET BOOK VALUE
At 31 March 2022 2,313,175
At 31 March 2021 1,972,210

No depreciation has been provided against the company's freehold property as the property is fully maintained, residual market value will exceed cost and any charge to depreciation will therefore be immaterial.

The properties are held as investment properties but no revaulation has been made of the properties.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 6,520 39,188
Other debtors - 3,137
Prepayments 4,676 4,090
11,196 46,415

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Corporation tax 54,913 55,155
Directors' current accounts 3,633 3,113
Accrued expenses 1,951 1,837
60,497 60,105

Page 5
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BUTT INVESTMENTS LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Butt Investments Limited for the year ended 31 March 2022 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Butt Investments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Butt Investments Limited and state those matters that we have agreed to state to the Board of Directors of Butt Investments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Butt Investments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Butt Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Butt Investments Limited. You consider that Butt Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Butt Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE


13 December 2022

This page does not form part of the statutory financial statements

Page 6