Butt Investments Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 00610663 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

BUTT INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J A Butt

Mrs M I Stone

Mrs A Newitt

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

FIXED ASSETS

Investment property

4

2,313,175

2,313,175

CURRENT ASSETS

Debtors

5

54,427

11,196

Cash at bank

449,067

304,887

503,494

316,083

CREDITORS

Amounts falling due within one year

6

85,732

60,497

NET CURRENT ASSETS

417,762

255,586

TOTAL ASSETS LESS CURRENT LIABILITIES

2,730,937

2,568,761

CAPITAL AND RESERVES

Called up share capital

500

500

Retained earnings

2,730,437

2,568,261

SHAREHOLDERS' FUNDS

2,730,937

2,568,761

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 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 20 December 2023 and were signed on its behalf by:

J A Butt - Director

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 2 (2022 - 3 ) .

4.	INVESTMENT PROPERTY

Total

£

COST

At 1 April 2022

and 31 March 2023

2,313,175

NET BOOK VALUE

At 31 March 2023

2,313,175

At 31 March 2022

2,313,175

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

2023

2022

£

£

Trade debtors

49,880

6,520

Prepayments

4,547

4,676

54,427

11,196

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Corporation tax

61,498

54,913

Social security and other taxes

2,968

-

Directors' current accounts

19,165

3,633

Accrued expenses

2,101

1,951

85,732

60,497