Buildvest Ltd - Accounts to registrar (filleted) - small 23.2.5
Buildvest Ltd - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 July 2023 |
| for |
| Buildvest Ltd |
| Buildvest Ltd (Registered number: 09698494) |
| Contents of the Financial Statements |
| for the Year Ended 31 July 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Buildvest Ltd |
| Company Information |
| for the Year Ended 31 July 2023 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Wynyard Business Park |
| Wynyard Avenue |
| Billingham |
| Cleveland |
| TS22 5TB |
| Buildvest Ltd (Registered number: 09698494) |
| Balance Sheet |
| 31 July 2023 |
| 2023 | 2022 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 4 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| 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. |
| 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 |
| Buildvest Ltd (Registered number: 09698494) |
| Notes to the Financial Statements |
| for the Year Ended 31 July 2023 |
| 1. | ACCOUNTING POLICIES |
| BASIS OF PREPARING THE FINANCIAL STATEMENTS |
| 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 |
| Freehold property | - |
| GOING CONCERN |
| The financial statements have been prepared on a going concern basis. The directors are confident they will continue to receive the support of the other creditors for the foreseeable future. |
| 2. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 3. | TANGIBLE FIXED ASSETS |
| Land and |
| buildings |
| £ |
| COST |
| At 1 August 2022 |
| and 31 July 2023 |
| NET BOOK VALUE |
| At 31 July 2023 |
| At 31 July 2022 |
| 4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Other loans |
| Other creditors |
| Accrued expenses |
| Buildvest Ltd (Registered number: 09698494) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2023 |
| 5. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2023 | 2022 |
| £ | £ |
| Other loans | 557,447 | 547,321 |
| 6. | RELATED PARTY DISCLOSURES |
| The director Adrian Choo is a shareholder in Anjo International Ltd, which owns 10% shareholdings in Buildvest Ltd. At 31 July 2023, the company owed £50,469 (2022: £49,552) to Anjo International Limited. |
| At 31 July 2023, the company owed £506,978 (2022: £497,769) to the director Choo Ming Cheow. |
| These loans have been charged interest at commercial rates and repayable on demand. |