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

REGISTERED NUMBER: 00848162 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2023

for

BPC Investments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs L V Yule

D Edwards

Dr S J Deakin

REGISTERED OFFICE:

Military House

24 Castle Street

Chester

Cheshire

CH1 2DS

REGISTERED NUMBER:

00848162 (England and Wales)

ACCOUNTANTS:

Haines Watts

Military House

24 Castle Street

Chester

Cheshire

CH1 2DS

FIXED ASSETS

Tangible assets

4

1,125

3,521

Investment property

5

750,000

850,000

751,125

853,521

CURRENT ASSETS

Debtors

6

33,429

11,525

Cash at bank

32,028

34,680

65,457

46,205

CREDITORS

Amounts falling due within one year

7

57,501

22,042

NET CURRENT ASSETS

7,956

24,163

TOTAL ASSETS LESS CURRENT LIABILITIES

759,081

877,684

CREDITORS

Amounts falling due after more than one year

8

6,209

9,189

NET ASSETS

752,872

868,495

CAPITAL AND RESERVES

Called up share capital

9

5,000

5,000

Revaluation reserve

10

549,996

649,996

Other distributable reserves

10

10,300

10,300

Retained earnings

10

187,576

203,199

SHAREHOLDERS' FUNDS

752,872

868,495

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 14 March 2024 and were signed on its behalf by:

D Edwards - Director

1.	STATUTORY INFORMATION

BPC 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 as modified by the revaluation of certain assets.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

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 each asset over its estimated useful life.

Plant and machinery etc

-

10% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2022

and 30 June 2023

26,748

DEPRECIATION

At 1 July 2022

23,227

Charge for year

2,396

At 30 June 2023

25,623

NET BOOK VALUE

At 30 June 2023

1,125

At 30 June 2022

3,521

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2022

850,000

Impairments

(100,000

)

At 30 June 2023

750,000

NET BOOK VALUE

At 30 June 2023

750,000

At 30 June 2022

850,000

Fair value at 30 June 2023 is represented by:

£

Valuation in 2014

407,387

Valuation in 2015

39,465

Valuation in 2018

107,200

Cost

195,948

750,000

If investment property had not been revalued it would have been included at the following historical cost:

30.6.23

30.6.22

£

£

Cost

195,948

195,948

Investment property was valued on an open market basis basis on 30 June 2020 by the directors of the company .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.6.22

£

£

Trade debtors

9,072

9,072

Other debtors

24,357

2,453

33,429

11,525

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.6.22

£

£

Bank loans and overdrafts

2,980

2,980

Trade creditors

-

4,386

Taxation and social security

4,496

12,021

Other creditors

50,025

2,655

57,501

22,042

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.23

30.6.22

£

£

Bank loans

6,209

9,189

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

249

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.23

30.6.22

value:

£

£

5,000

Ordinary

£1

5,000

5,000

10.

RESERVES

Other

Retained

Revaluation

distributable

earnings

reserve

reserves

Totals

£

£

£

£

At 1 July 2022

203,199

649,996

10,300

863,495

Profit for the year

1,377

1,377

Dividends

(17,000

)

(17,000

)

Property revaluation

-

(100,000

)

-

(100,000

)

At 30 June 2023

187,576

549,996

10,300

747,872

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company made a loan to Mr D Edwards a director of the company. At the the balance sheet date the amount outstanding was £21,773 (2022 : £nil). The loan was interest free and has been repaid.