Braw Limited - Accounts

Braw Limited - Accounts

BRAW LIMITED - Company Information

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Braw Limited SC591984 LETTING OF PROPERTY false 1 April 2019 SC591984 2019-04-01 2020-03-31 SC591984 2019-03-31 SC591984 2020-03-31 SC591984 2018-03-20 2019-03-31 SC591984 2018-03-19 SC591984 2019-03-31 SC591984 frs102-bus:FRS102 2019-04-01 2020-03-31 SC591984 frs102-bus:PrivateLimitedCompanyLtd 2019-04-01 2020-03-31 SC591984 frs102-bus:FullAccounts 2019-04-01 2020-03-31 SC591984 frs102-bus:AuditExempt-NoAccountantsReport 2019-04-01 2020-03-31 SC591984 frs102-core:CurrentFinancialInstruments 2020-03-31 SC591984 frs102-core:CurrentFinancialInstruments 2019-03-31 SC591984 frs102-core:Non-currentFinancialInstruments 2020-03-31 SC591984 frs102-core:Non-currentFinancialInstruments 2019-03-31 SC591984 frs102-core:ShareCapital 2020-03-31 SC591984 frs102-core:ShareCapital 2019-03-31 SC591984 frs102-core:RetainedEarningsAccumulatedLosses 2020-03-31 SC591984 frs102-core:RetainedEarningsAccumulatedLosses 2019-03-31 SC591984 frs102-bus:Director1 2019-04-01 2020-03-31 SC591984 frs102-core:FurnitureFittings 2019-03-31 SC591984 frs102-core:InvestmentPropertyIncludedWithinPPE 2019-03-31 SC591984 frs102-core:FurnitureFittings 2020-03-31 SC591984 frs102-core:InvestmentPropertyIncludedWithinPPE 2020-03-31 SC591984 frs102-core:FurnitureFittings 2019-03-31 SC591984 frs102-core:InvestmentPropertyIncludedWithinPPE 2019-03-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
SC591984
Braw Limited
Unaudited Accounts
for the year ended
31 March 2020
Braw Limited
Balance Sheet
as at 31 March 2020
Notes
 2020
£		 2019
£
Fixed assets
Tangible assets 4 420,278 420,278
420,278 420,278
Current assets
Cash at bank and in hand 2,012 1,222
2,012 1,222
Prepayments and accrued income: 273 320
Creditors: amounts falling due within one year 5 (266,985) (0)
Net current assets / (liabilities) (264,700) 1,542
Total assets less current liabilities 155,578 421,820
Creditors: amounts falling due after more than one year (154,798) (421,788)
Provisions for liabilities (0) (0)
Accruals and deferred income (0) (302)
Total net assets (liabilities) 780 (270)
Capital and reserves
Called up share capital 2 2
Profit and loss account 778 (272)
Shareholders' funds 780 (270)

Braw Limited
Balance Sheet
as at 31 March 2020



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 March 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Signed on behalf of the board of directors

...............................

Mr. F Campbell

Director


Approved by the board on 22 March 2021

Company Number: SC591984 (a Private Company Limited by Shares registered in Scotland)

Registered Office:

Titanium 1
Kings Inch Place
Renfrew
PA4 8WF
United Kingdom

Braw Limited
Notes to the Accounts
for the year ended 31 March 2020

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Going concern basis
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
Revenue recognition
Revenue is measured at the fair value of rental income received or receivable.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Investment property
Investment property is included at fair value, with any gains recognised in the profit and loss account for the period in which they occurred. Deferred tax is recognised on these gains at the rate expected to apply when the property is sold.
2. Taxation
2020 2019
£ £
UK Corporation Tax 1,121 0
Tax on profit/(loss) on ordinary activities 1,121 0

3. Employees
2020 2019
Average number of employees during the period 0 0

4. Tangible fixed assets
Fixtures & Fittings Investment properties Total
Cost or valuation £ £ £
At 1 April 2019 1,071 419,207 420,278
At 31 March 2020 1,071 419,207 420,278
Depreciation
At 31 March 2020 0 0 0
Net book value
At 31 March 2020 1,071 419,207 420,278
At 31 March 2019 1,071 419,207 420,278

5. Creditors: amounts falling due within one year
2020 2019
£ £
Bank Loans & Overdrafts 265,864 0
Taxation & social security 1,121 0
266,985 0

6. Dividends
2020 2019
£ £
Total dividend payment 4,000 0

7. Borrowings
2020 2019
Creditors repayable in more than five years: £ £
Total non-instalment amounts due 0 265,864
Total 0 265,864