BVL Investments Limited - Accounts to registrar (filleted) - small 18.2

BVL Investments Limited - Accounts to registrar (filleted) - small 18.2

BVL INVESTMENTS LIMITED - Company Information

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REGISTERED NUMBER: 11335918 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2020

FOR

BVL INVESTMENTS LIMITED
BVL INVESTMENTS LIMITED (REGISTERED NUMBER: 11335918)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 August 2020




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BVL INVESTMENTS LIMITED


COMPANY INFORMATION
for the year ended 31 August 2020







DIRECTORS: Mr B J Rowe
Mr L F Simpson





REGISTERED OFFICE: 103 Churchfield Road
Acton
London
W3 6AH





REGISTERED NUMBER: 11335918 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD
Page 1
BVL INVESTMENTS LIMITED (REGISTERED NUMBER: 11335918)


ABRIDGED BALANCE SHEET
31 August 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 800,000 683,143

CURRENT ASSETS
Debtors 527 -
Cash at bank 32,924 10,855
33,451 10,855
CREDITORS
Amounts falling due within one year 291,357 283,485
NET CURRENT LIABILITIES (257,906 ) (272,630 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
542,094
410,513

CREDITORS
Amounts falling due after more than one
year
5
(400,000
)
(400,000
)

PROVISIONS FOR LIABILITIES (22,203 ) -
NET ASSETS 119,891 10,513

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 94,654 -
Retained earnings 25,137 10,413
119,891 10,513

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 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

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BVL INVESTMENTS LIMITED (REGISTERED NUMBER: 11335918)


ABRIDGED BALANCE SHEET - continued
31 August 2020


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 August 2020 in accordance with Section 444(2A) of the Companies Act 2006.

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 12 May 2021 and were signed on its behalf by:





Mr B J Rowe - Director


The notes form part of these financial statements

Page 3
BVL INVESTMENTS LIMITED (REGISTERED NUMBER: 11335918)


NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2020

1. STATUTORY INFORMATION

BVL 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment properties are properties held to earn rentals and for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an ongoing basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

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BVL INVESTMENTS LIMITED (REGISTERED NUMBER: 11335918)


NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2020

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2019 683,143
Revaluations 116,857
At 31 August 2020 800,000
NET BOOK VALUE
At 31 August 2020 800,000
At 31 August 2019 683,143

Fair value at 31 August 2020 is represented by:
£   
Valuation in 2020 116,857
Cost 683,143
800,000

The investment properties were valued on an open market basis on 31 August 2020 by the directors.

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2020 2019
£    £   
Repayable otherwise than by instalments
Bank loans 400,000 400,000

6. SECURED DEBTS

The following secured debts are included within creditors:

2020 2019
£    £   
Bank loans 400,000 400,000

The mortgage with Handelsbanken is secured by way of a fixed and floating charge over the properties held by the company.

7. RELATED PARTY DISCLOSURES

As at 31 August 2020, BVL Investments Limited owed £275,993 (2019 - £275,993) to Aston Rowe Limited, the parent company.

8. ULTIMATE CONTROLLING PARTY

During the year, the ultimate controlling party was Aston Rowe Limited. After the balance sheet date, the ultimate controlling party was BVL Investments Holdings Ltd.

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