M B Bhullar Properties Limited - Accounts

M B BHULLAR PROPERTIES LIMITED - Company Information

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Registered Number: 03789245

England and Wales

M B BHULLAR PROPERTIES LIMITED

Abridged Accounts

Period of accounts

Start date: 01 April 2021

End date: 31 March 2022

M B Bhullar Properties Limited
Contents Page
For the year ended 31 March 2022

Balance sheet	1
Notes to the financial statements	2

M B Bhullar Properties Limited
Balance Sheet
As at 31 March 2022

	2022 £	2021 £
Fixed assets
Tangible fixed assets	1,805,000	1,805,000
	1,805,000	1,805,000
Current assets
Debtors	1,575	1,558
Cash at bank and in hand	10,684	29,227
	12,259	30,785
Creditors: amount falling due within one year	(235,712)	(244,241)
Net current liabilities	(223,453)	(213,456)

Total assets less current liabilities	1,581,547	1,591,544
Creditors: amount falling due after more than one year	(2,160)	(18,462)
Provisions for liabilities	(112,179)	(112,179)
Net assets	1,467,208	1,460,903

Capital and reserves
Called up share capital	9	9
Fair Value Reserves	886,485	886,485
Profit and loss account	580,714	574,409
Shareholder's funds	1,467,208	1,460,903

For the year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 21 December 2022 and were signed on its behalf by:

--------------------------------
Ranu Bhullar
Director

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Harshvinder Bhullar
Director

M B Bhullar Properties Limited
Notes to the Abridged Financial Statements
For the year ended 31 March 2022

General Information

M B Bhullar Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 03789245, registration address 4 Flamingo Court 3 Woodstock Road, Golders Green, NW11 8ES.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 0 (2021 : 1).

Tangible fixed assets

Cost or valuation	Investment properties	Total
	£	£
At 01 April 2021	1,805,000	1,805,000
Additions	-	-
Disposals	-	-
At 31 March 2022	1,805,000	1,805,000
Depreciation
At 01 April 2021	-	-
Charge for year	-	-
On disposals	-	-
At 31 March 2022	-	-
Net book values
Closing balance as at 31 March 2022	1,805,000	1,805,000
Opening balance as at 01 April 2021	1,805,000	1,805,000

Share Capital

Allotted, called up and fully paid	2022 £	2021 £
6 Ordinary Shares Class A shares of £1.00 each	6	6
3 Ordinary Shares Class B shares of £1.00 each	3	3
	9	9

Fair Value Reserves

	2022 £		2021 £
Fair Value Reserve b/fwd	886,485		886,485
	886,485		886,485