Branch Estates Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10881650 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2020

FOR

BRANCH ESTATES LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

B Hoffman

REGISTERED OFFICE:

38 Leweston Place

Stamford Hill

London

N16 6RH

REGISTERED NUMBER:

10881650 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Investment property

4

844,239

844,239

CURRENT ASSETS

Cash at bank

1,322

283

CREDITORS

Amounts falling due within one year

5

(2,647

)

(8,482

)

NET CURRENT LIABILITIES

(1,325

)

(8,199

)

TOTAL ASSETS LESS CURRENT LIABILITIES

842,914

836,040

CREDITORS

Amounts falling due after more than one year

6

(838,213

)

(838,213

)

NET ASSETS/(LIABILITIES)

4,701

(2,173

)

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

10

4,700

(2,174

)

SHAREHOLDERS' FUNDS

4,701

(2,173

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 18 June 2021 and were signed by:

B Hoffman - Director

1.	STATUTORY INFORMATION

Branch Estates Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2019

and 31 July 2020

844,239

NET BOOK VALUE

At 31 July 2020

844,239

At 31 July 2019

844,239

The Director has confirmed that, there is no significant market value increase or decrease in properties.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.20

31.7.19

£

£

Tax

1,110

-

Other creditors

457

7,402

Accrued expenses

1,080

1,080

2,647

8,482

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.20

31.7.19

£

£

Bank loans (see note 7)

838,213

838,213

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

838,213

838,213

7.

LOANS

An analysis of the maturity of loans is given below:

31.7.20

31.7.19

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

838,213

838,213

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.20

31.7.19

£

£

Bank loans

838,213

838,213

Long term bank loan is secured by first charge over the company's investment property.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.20

31.7.19

value:

£

£

1

Ordinary

£1

1

1

10.

RESERVES

Retained

earnings

£

At 1 August 2019

(2,174

)

Profit for the year

6,874

At 31 July 2020

4,700

11.	ULTIMATE CONTROLLING PARTY

The controlling party is B Hoffman.