Buy To Let Holdings Ltd
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Registered number: |
12779671
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Balance Sheet |
as at 31 July 2021
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|
Notes |
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|
2021 |
|
£ |
|
Fixed assets |
Investments |
3 |
|
|
87,550 |
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Current assets |
Cash at bank and in hand |
|
|
3,773 |
|
Creditors: amounts falling due within one year |
4 |
|
(35,006) |
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Net current liabilities |
|
|
|
(31,233) |
|
|
Total assets less current liabilities |
|
|
|
56,317 |
|
|
Creditors: amounts falling due after more than one year |
5 |
|
|
(63,750) |
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|
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Net liabilities |
|
|
|
(7,433) |
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|
|
|
|
|
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Capital and reserves |
Called up share capital |
|
|
|
2 |
Profit and loss account |
|
|
|
(7,435) |
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Shareholders' funds |
|
|
|
(7,433) |
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|
|
|
|
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The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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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.
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The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
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Vikash Jhurree |
Director |
Approved by the board on 9 December 2021
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|
Buy To Let Holdings Ltd
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Notes to the Accounts |
for the period from 30 July 2020 to 31 July 2021
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|
1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
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Investments |
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Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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.
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2 |
Employees |
2021 |
|
Number |
|
|
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Average number of persons employed by the company |
0 |
|
|
|
|
|
|
|
|
3 |
Investments |
|
Property |
investments |
£ |
|
Cost |
|
Additions |
87,550 |
|
|
At 31 July 2021 |
87,550 |
|
|
4 |
Creditors: amounts falling due within one year |
2021 |
|
£ |
|
|
|
Other creditors |
35,006 |
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due after one year |
2021 |
|
£ |
|
|
|
Bank loans |
63,750 |
|
|
|
|
|
|
|
|
|
6 |
Loans |
2021 |
|
£ |
|
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Creditors include: |
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Secured bank loans |
63,750 |
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|
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The bank loan relates to mortgage on investment property
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7 |
Controlling party |
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The company is under joint control of Mr Vikash Jhurree and Mrs Sadaf Jhurree. Each own 50% of share capital of the company.
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8 |
Other information |
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Buy To Let Holdings Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
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43 Woodfield Avenue |
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Wembley |
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Middlesex |
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HA0 3NP |