Bab Property Limited - Accounts to registrar (filleted) - small 18.2

Bab Property Limited - Accounts to registrar (filleted) - small 18.2

BAB PROPERTY LIMITED - Company Information

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REGISTERED NUMBER: 08495653 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2017

for

Bab Property Limited
Bab Property Limited (Registered number: 08495653)






Contents of the Financial Statements
for the Year Ended 31 October 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bab Property Limited

Company Information
for the Year Ended 31 October 2017







DIRECTORS: Mrs Sandra Wallace
Mr Robert Ronald Wallace





REGISTERED OFFICE: 1st Floor
314 Regents Park Road
Finchley
London
N3 2LT





REGISTERED NUMBER: 08495653 (England and Wales)





ACCOUNTANTS: Wolfson Associates Limited
1st Floor
314 Regents Park Road
Finchley
London
N3 2LT
Page 1
Bab Property Limited (Registered number: 08495653)

Balance Sheet
31 October 2017

31.10.17 31.10.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 788,465 788,465
Investments 4 2 2
788,467 788,467

CURRENT ASSETS
Debtors 5 - 10,000
Cash at bank 20,826 18,500
20,826 28,500
CREDITORS
Amounts falling due within one year 6 57,452 38,564
NET CURRENT LIABILITIES (36,626 ) (10,064 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
751,841
778,403

CREDITORS
Amounts falling due after more than one
year
7
631,453
678,220
NET ASSETS 120,388 100,183

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 120,384 100,179
SHAREHOLDERS' FUNDS 120,388 100,183

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2017 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 notes form part of these financial statements

Page 2 continued...
Bab Property Limited (Registered number: 08495653)

Balance Sheet - continued
31 October 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 25 June 2018 and were signed on its
behalf by:





Mrs Sandra Wallace - Director


The notes form part of these financial statements

Page 3
Bab Property Limited (Registered number: 08495653)

Notes to the Financial Statements
for the Year Ended 31 October 2017

1. STATUTORY INFORMATION

Bab Property 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Bab Property Limited as an individual company and
do not contain consolidated financial information as the parent of a group. The company has taken the
option under Section 398 of the Companies Act 2006 not to prepare consolidated 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
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

3. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 November 2016
and 31 October 2017 788,465
NET BOOK VALUE
At 31 October 2017 788,465
At 31 October 2016 788,465

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2016
and 31 October 2017 2
NET BOOK VALUE
At 31 October 2017 2
At 31 October 2016 2

Page 4 continued...
Bab Property Limited (Registered number: 08495653)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2017

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.17 31.10.16
£    £   
Other debtors - 10,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.17 31.10.16
£    £   
Bank loans and overdrafts - 25,867
Tax 7,276 7,822
VAT 2,984 3,000
Bank loan 46,192 -
Accruals and deferred income 1,000 1,875
57,452 38,564

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.17 31.10.16
£    £   
Bank loans 504,105 550,872
Other creditors 127,348 127,348
631,453 678,220

8. RELATED PARTY DISCLOSURES

Dividends totalling £71,200.00 (2016 - £71,200) were paid to the directors Mrs S Wallace and Mr R
Wallace during the year.

Included in other creditors is a balance of £127,348 (2016 - £127,348) due to Three Shires Waste
Recycling Limited. This balance is interest free and payable on demand.

BAB Property Limited owns 100% of the issued share capital of Three Shires Waste Recycling
Limited.

The following transaction took place during the year:

Rent receivable:
Three Shires Waste Recycling Limited £60,000 (2016 - £60,000).

9. CONTROLLING INTEREST

During the year the company was controlled by Mrs S Wallace and Mr R Wallace as between them
they own 100% of the issued share capital of the company.

10. SECURED DEBTS

Bank loans are secured against the land and building owned by the company.

Page 5