Braemar Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02230344 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

BRAEMAR PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Marflow

Mrs S Marflow

REGISTERED OFFICE:

1 Sandiacre

Standish

Wigan

Lancashire

WN6 0TJ

REGISTERED NUMBER:

02230344 (England and Wales)

FIXED ASSETS

Tangible assets

3

985

1,313

Investment property

4

861,574

861,574

862,559

862,887

CREDITORS

Amounts falling due within one year

5

31,488

33,761

NET CURRENT LIABILITIES

(31,488

)

(33,761

)

TOTAL ASSETS LESS CURRENT LIABILITIES

831,071

829,126

CREDITORS

Amounts falling due after more than one year

6

196,600

241,600

NET ASSETS

634,471

587,526

CAPITAL AND RESERVES

Called up share capital

120,600

120,600

Retained earnings

513,871

466,926

SHAREHOLDERS' FUNDS

634,471

587,526

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 on 9 October 2019 and were signed on its behalf by:

A J Marflow - Director

1.	STATUTORY INFORMATION

Braemar Properties 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.

Turnover

Turnover represents rental income received. Rental income is recognised in the period to

which it relates.

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

-

25% on reducing balance

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 and deferred 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 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.

3.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2018

and 31 March 2019

24,255

DEPRECIATION

At 1 April 2018

22,942

Charge for year

328

At 31 March 2019

23,270

NET BOOK VALUE

At 31 March 2019

985

At 31 March 2018

1,313

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2018

and 31 March 2019

861,574

NET BOOK VALUE

At 31 March 2019

861,574

At 31 March 2018

861,574

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

4,168

5,918

Taxation and social security

12,027

10,844

Other creditors

15,293

16,999

31,488

33,761

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.19

31.3.18

£

£

Other creditors

196,600

241,600

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have made loans to the company. The loans were transacted and interest

charged on normal commercial terms. The company purchases property management and

administrative services from companies in which the directors are materially interested as

shareholders. All transactions are made on normal commercial terms.