Blongy Property Limited - Period Ending 2022-11-30
Blongy Property Limited - Period Ending 2022-11-30
Registration number:
Blongy Property Limited
for the Year Ended 30 November 2022
Blongy Property Limited
Contents
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Blongy Property Limited
(Registration number: 07858502)
Balance Sheet as at 30 November 2022
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Note |
2022 |
2021 |
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Fixed assets |
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Investment property |
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Current assets |
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Debtors |
- |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Other reserves |
63,370 |
63,370 |
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Retained earnings |
35,002 |
33,663 |
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Shareholders' funds |
98,472 |
97,133 |
For the financial year ending 30 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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• |
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Blongy Property Limited
(Registration number: 07858502)
Balance Sheet as at 30 November 2022
Approved and authorised by the
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......................................... |
Blongy Property Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2022
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable from the letting of property in the ordinary course of the company’s activities.
Tax
The tax expense for the period comprises current tax, and is recognised in profit or loss
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, including acquisition costs.
Blongy Property Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2022
Investment property
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Investment properties |
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2022 |
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At 1 December |
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At 30 November |
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There has been no valuation of investment property by an independent valuer.
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Debtors |
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2022 |
2021 |
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Prepayments |
- |
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- |
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Creditors |
Amounts falling due within one year
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2022 |
2021 |
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Other creditors |
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Corporation tax |
1,487 |
744 |
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