Bizzell Property Co. Limited (The) - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01400076 (England and Wales)

THE BIZZELL PROPERTY CO. LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Chartered accountants' report

6

DIRECTORS:

H C Weber

D E Weber

C C Winters

R G Weber

SECRETARY:

R G Weber

REGISTERED OFFICE:

Lygon House

50 London Road

Bromley

Kent

BR1 3RA

REGISTERED NUMBER:

01400076 (England and Wales)

ACCOUNTANTS:

Berringers LLP

Chartered Accountants

Lygon House

50 London Road

Bromley

Kent

BR1 3RA

FIXED ASSETS

Tangible assets

4

595

703

Investment property

5

570,000

553,000

570,595

553,703

CURRENT ASSETS

Debtors

6

950

100

Cash at bank

28,526

28,372

29,476

28,472

CREDITORS

Amounts falling due within one year

7

8,820

8,255

NET CURRENT ASSETS

20,656

20,217

TOTAL ASSETS LESS CURRENT LIABILITIES

591,251

573,920

CREDITORS

Amounts falling due after more than one year

8

(41,517

)

(44,918

)

PROVISIONS FOR LIABILITIES

(31,340

)

(28,110

)

NET ASSETS

518,394

500,892

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

518,294

500,792

SHAREHOLDERS' FUNDS

518,394

500,892

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 30 November 2021 and were signed on its behalf by:

R G Weber - Director

1.	STATUTORY INFORMATION

The Bizzell Property Co. 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents monies received from rental income.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

20% on reducing balance

Investment property

No depreciation has been provided on the company' s investment properties as the historical cost does not exceed the market value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2020

and 31 March 2021

3,837

545

4,382

DEPRECIATION

At 1 April 2020

3,168

511

3,679

Charge for year

101

7

108

At 31 March 2021

3,269

518

3,787

NET BOOK VALUE

At 31 March 2021

568

27

595

At 31 March 2020

669

34

703

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2020

553,000

Revaluations

17,000

At 31 March 2021

570,000

NET BOOK VALUE

At 31 March 2021

570,000

At 31 March 2020

553,000

The directors have valued the properties at £570,000.

Fair value at 31 March 2021 is represented by:

£

Valuation in 2021

256,502

Cost

313,498

570,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

850

-

Other debtors

100

100

950

100

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Taxation and social security

901

2,050

Other creditors

7,919

6,205

8,820

8,255

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Other creditors

41,517

44,918

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Bizzell Property Co. Limited for the year ended 31 March 2021 which comprise the Statement of income and retained earnings, Balance sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Bizzell Property Co. Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Bizzell Property Co. Limited and state those matters that we have agreed to state to the Board of Directors of The Bizzell Property Co. Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Bizzell Property Co. Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Bizzell Property Co. Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Bizzell Property Co. Limited. You consider that The Bizzell Property Co. Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Bizzell Property Co. Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Berringers LLP

Chartered Accountants

Lygon House

50 London Road

Bromley

Kent

BR1 3RA

30 November 2021