Buckland Housing Limited 30/11/2022 iXBRL
Buckland Housing Limited 30/11/2022 iXBRL
Company registration number:
06755461
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Directors and other information
Directors |
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(resigned on 17/08/2023) | ||
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(apponted on 09/06/2023 and resigned on 17/08/2023) | ||
Secretary |
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Company number |
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Registered office |
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Accountants |
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Chartered Accountants | |||
First Floor | |||
64 Baker Street | |||
London | |||
W1U 7GB | |||
Statement of financial position
30 November 2022
2022 | 2021 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Debtors | 6 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 7 |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 8 |
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Provisions for liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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Directors responsibilities:
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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;
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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 financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
30 August 2023
, and are signed on behalf of the board by:
Director
Company registration number:
06755461
Notes to the financial statements
Year ended 30 November 2022
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is No 3 Hampstead West, 224 Iverson Road, London, NW6 2HX.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Taxation
Tangible assets
Investment property
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Provisions
Financial instruments
A financial asset or a financial liability is recognised only when the company 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.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2021:
2
).
5.
Tangible assets
Short leasehold property | Total | ||
£ | £ | ||
Cost | |||
At 1 December 2021 and 30 November 2022 |
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Depreciation | |||
At 1 December 2021 and 30 November 2022 | - | - | |
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Carrying amount | |||
At 30 November 2022 |
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At 30 November 2021 |
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Investment property
The properties were restated at Fair Value at the year end date by the director,
M Smith
. The director does not hold any professional property surveying qualification but relies on his vast business experience to value the properties.
6.
Debtors
2022 | 2021 | |||
£ | £ | |||
Other debtors |
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7.
Creditors: amounts falling due within one year
2022 | 2021 | |||
£ | £ | |||
Bank loans and overdrafts |
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Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Corporation tax | - |
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Other creditors |
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8.
Creditors: amounts falling due after more than one year
2022 | 2021 | |||
£ | £ | |||
Bank loans and overdrafts |
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Loans advanced to the company are secured against the properties owned by the company.