Whitechurch Brenner Properties Limited - Limited company accounts 20.1

REGISTERED NUMBER: 01057135 (England and Wales)

WHITECHURCH BRENNER PROPERTIES LIMITED

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2020

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

Mrs S Highfield

J Highfield

Ms R Highfield

SECRETARY:

J Highfield

REGISTERED OFFICE:

14 Soane Square

Stanmore

Middx

HA7 3GB

REGISTERED NUMBER:

01057135 (England and Wales)

ACCOUNTANTS:

Dodd Harris

Chartered Accountants

14 Soane Square

Stanmore

Middx

HA7 3GB

The directors present their report with the financial statements of the company for the year ended 5 April 2020.

DIRECTORS

The directors shown below have held office during the whole of the period from 6 April 2019 to the date of this report.

Mrs S Highfield

J Highfield

Ms R Highfield

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

Mrs S Highfield - Director

30 June 2020

TURNOVER

-

16,244

Administrative expenses

50,715

36,433

(50,715

)

(20,189

)

Other operating income

(39,084

)

4,371

Gain/loss on revaluation of assets

(260,037

)

(96,040

)

OPERATING LOSS

4

(349,836

)

(111,858

)

Income from fixed asset investments

78,278

42,768

Interest receivable and similar income

115

1,334

78,393

44,102

LOSS BEFORE TAXATION

(271,443

)

(67,756

)

Tax on loss

(13

)

1,428

LOSS FOR THE FINANCIAL YEAR

(271,430

)

(69,184

)

FIXED ASSETS

Tangible assets

5

1,258

1,692

Investments

6

1,609,635

1,888,787

1,610,893

1,890,479

CURRENT ASSETS

Debtors

7

180

-

Cash at bank

22,509

48,185

22,689

48,185

CREDITORS

Amounts falling due within one year

8

7,812

11,501

NET CURRENT ASSETS

14,877

36,684

TOTAL ASSETS LESS CURRENT LIABILITIES

1,625,770

1,927,163

PROVISIONS FOR LIABILITIES

239

257

NET ASSETS

1,625,531

1,926,906

CAPITAL AND RESERVES

Called up share capital

109

109

Retained earnings

1,625,422

1,926,797

SHAREHOLDERS' FUNDS

1,625,531

1,926,906

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2020 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 30 June 2020 and were signed on its behalf by:

Mrs S Highfield - Director

1.	STATUTORY INFORMATION

Whitechurch Brenner 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents the rental income receivable from the company's investment properties.

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

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.

Fixed asset investments

Fixed Asset Investments have been valued at market value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2019 - 2 ) .

4.	OPERATING LOSS

The operating loss is stated after charging:

2020

2019

£

£

Depreciation - owned assets

434

596

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST OR VALUATION

At 6 April 2019

and 5 April 2020

10,211

DEPRECIATION

At 6 April 2019

8,519

Charge for year

434

At 5 April 2020

8,953

NET BOOK VALUE

At 5 April 2020

1,258

At 5 April 2019

1,692

Cost or valuation at 5 April 2020 is represented by:

Plant and

machinery

etc

£

Cost

10,211

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 6 April 2019

1,888,787

Additions

19,968

Share of profit/(loss)

(39,083

)

Revaluations

(260,037

)

At 5 April 2020

1,609,635

NET BOOK VALUE

At 5 April 2020

1,609,635

At 5 April 2019

1,888,787

Cost or valuation at 5 April 2020 is represented by:

Other

investments

£

Valuation in 2020

(293,822

)

Cost

1,903,457

1,609,635

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

180

-

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Taxation and social security

-

2,911

Other creditors

7,812

8,590

7,812

11,501

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs S Highfield.