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

REGISTERED NUMBER: 02844906 (England and Wales)

BRIMAN PROPERTIES LIMITED

Unaudited Financial Statements

for the Year Ended 31 December 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

G B Frydman

D H Fieldman

Registered office:

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Registered number:

02844906 (England and Wales)

Accountants:

Haines Watts

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Fixed assets

Tangible assets

4

1,680,011

1,680,014

Current assets

Stocks

64,151

64,151

Debtors

5

167,726

90,958

Cash at bank

170,019

180,954

401,896

336,063

Creditors

Amounts falling due within one year

6

171,962

153,597

Net current assets

229,934

182,466

Total assets less current liabilities

1,909,945

1,862,480

Provisions for liabilities

200,796

200,796

Net assets

1,709,149

1,661,684

Capital and reserves

Called up share capital

7

4,472

4,472

Share premium

631,547

631,547

Revaluation reserve

856,026

856,026

Retained earnings

217,104

169,639

Shareholders' funds

1,709,149

1,661,684

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 and authorised for issue on 15 September 2022 and were signed on its behalf by:

G B Frydman - Director

1.	Statutory information

Briman 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration for rents receivable in the normal course of business and is shown net of VAT and other sales related taxes. Rents not received are accrued for and recognised in the period to which the rent relates.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as shown below.

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

Land and buildings

No depreciation provided

Fixtures, fittings & equipment

25% Reducing balance

Motor vehicles

25% Reducing balance

Freehold property is subject to ongoing repairs and maintenance, accordingly no depreciation is provided in the accounts.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.	Employees and directors

The average number of employees during the year was 1 (2020 - 1 ) .

4.	Tangible fixed assets

Fixtures

Freehold

Long

and

Motor

property

leasehold

fittings

vehicles

Totals

£

£

£

£

£

Cost

At 1 January 2021

and 31 December 2021

1,630,000

50,000

2,782

13,600

1,696,382

Depreciation

At 1 January 2021

-

-

2,778

13,590

16,368

Charge for year

-

-

1

2

3

At 31 December 2021

-

-

2,779

13,592

16,371

Net book value

At 31 December 2021

1,630,000

50,000

3

8

1,680,011

At 31 December 2020

1,630,000

50,000

4

10

1,680,014

5.

Debtors: amounts falling due within one year

2021

2020

£

£

Other debtors

167,726

90,958

6.

Creditors: amounts falling due within one year

2021

2020

£

£

Taxation and social security

11,135

12,196

Other creditors

160,827

141,401

171,962

153,597

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

4,472

Ordinary

£1

4,472

4,472

8.	Related party disclosures

Included within Other debtors is an amount of £24,432 (2020 - £12,998) owed to Meyer Investments Ltd, a company in which the Director GB Frydman has a controlling interest.