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

REGISTERED NUMBER: 04034164 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

Briefpoint Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Kremano Financial Limited

W E Justice

REGISTERED OFFICE:

Birchin Court

20 Birchin Lane

London

EC3V 9DJ

REGISTERED NUMBER:

04034164 (England and Wales)

ACCOUNTANTS:

Adbell International Limited

Birchin Court

20 Birchin Lane

London

EC3V 9DJ

FIXED ASSETS

Tangible assets

3

410

820

Investment property

4

918,156

918,156

918,566

918,976

CURRENT ASSETS

Cash at bank

6,214

10,368

CREDITORS

Amounts falling due within one year

5

(811,934

)

(810,098

)

NET CURRENT LIABILITIES

(805,720

)

(799,730

)

TOTAL ASSETS LESS CURRENT LIABILITIES

112,846

119,246

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

111,846

118,246

112,846

119,246

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 10 December 2019 and were signed on its behalf by:

W E Justice - Director

1.	STATUTORY INFORMATION

Briefpoint 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.

Tangible fixed assets

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

Investment property

Investment property is shown at cost.

The fair value of the property was determined by the prevailing market rates for similar properties in the area

which was found to be equivalent to the original price paid. There was no valuation undertaken for the year.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2018

and 31 December 2018

1,639

DEPRECIATION

At 1 January 2018

819

Charge for year

410

At 31 December 2018

1,229

NET BOOK VALUE

At 31 December 2018

410

At 31 December 2017

820

4.	INVESTMENT PROPERTY

Total

£

COST

At 1 January 2018

and 31 December 2018

918,156

NET BOOK VALUE

At 31 December 2018

918,156

At 31 December 2017

918,156

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade creditors

9,926

11,431

Other creditors

802,008

798,667

811,934

810,098

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs Erminia Cavezzale.