BBP Property Limited (previously Brookes & Beddis Property Limited) Filleted accounts for Companies House (small and micro)

BBP PROPERTY LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 12552934

BBP Property Limited (previously Brookes & Beddis Property Limited)

Filleted Unaudited Financial Statements

30 April 2022

BBP Property Limited (previously Brookes & Beddis Property Limited)

Financial Statements

Year ended 30 April 2022

Contents	Pages

Statement of financial position	1

Notes to the financial statements	2 to 3

BBP Property Limited (previously Brookes & Beddis Property Limited)

Statement of Financial Position

30 April 2022

	2022	2021
Note	£	£

Current assets

Stocks	726,117	423,161
Cash at bank and in hand	8,661	2
	---------	---------
	734,778	423,163

Creditors: amounts falling due within one year	4	( 8,641)	( 62,111)
		---------	---------
Net current assets		726,137	361,052
		---------	---------
Total assets less current liabilities		726,137	361,052

Creditors: amounts falling due after more than one year	5	( 770,236)	( 361,400)
		---------	---------
Net liabilities		( 44,099)	( 348)
		---------	---------

Capital and reserves

Called up share capital	6	2	2
Profit and loss account		( 44,101)	( 350)
		--------	----
Shareholders deficit		( 44,099)	( 348)
		--------	----

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 30 April 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 20 January 2023 , and are signed on behalf of the board by:

Mr C S Beddis
Director

Company registration number: 12552934

BBP Property Limited (previously Brookes & Beddis Property Limited)

Notes to the Financial Statements

Year ended 30 April 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Galway-Y-Mor, Kiln Park, Burton, Milford Haven, Pembrokeshire, SA73 1NY, Wales.

2. Statement of compliance

These financial statements have been prepared in accordance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.

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.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Creditors: amounts falling due within one year

	2022	2021
	£	£
Trade creditors	2,973	–
Other creditors	5,668	62,111
	-------	--------
	8,641	62,111
	-------	--------

5. Creditors: amounts falling due after more than one year

	2022	2021
	£	£
Other loan (secured)	770,236	361,400
	---------	---------

6. Called up share capital

Issued, called up and fully paid

	2022		2021
	No.	£	No.	£
Ordinary shares of £ 1 each	2	2	2	2
	----	----	----	----

7. Related party transactions

The company became under the sole control of Mr C S Beddis on 21 February 2022. Mr C S Beddis is now the sole shareholder of the company.