ACCOUNTS - Final Accounts preparation

Caseware UK (AP4) 2021.0.152 2021.0.152 2022-03-312022-03-310The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2021-03-22No description of principal activity0falsetruetrue 13282863 2021-03-21 13282863 2021-03-22 2022-03-31 13282863 2020-03-22 2021-03-21 13282863 2022-03-31 13282863 c:Director2 2021-03-22 2022-03-31 13282863 d:FreeholdInvestmentProperty 2021-03-22 2022-03-31 13282863 d:FreeholdInvestmentProperty 2022-03-31 13282863 d:CurrentFinancialInstruments 2022-03-31 13282863 d:Non-currentFinancialInstruments 2022-03-31 13282863 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 13282863 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 13282863 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 13282863 d:ShareCapital 2022-03-31 13282863 d:RetainedEarningsAccumulatedLosses 2022-03-31 13282863 c:FRS102 2021-03-22 2022-03-31 13282863 c:AuditExempt-NoAccountantsReport 2021-03-22 2022-03-31 13282863 c:FullAccounts 2021-03-22 2022-03-31 13282863 c:PrivateLimitedCompanyLtd 2021-03-22 2022-03-31 13282863 2 2021-03-22 2022-03-31 iso4217:GBP xbrli:pure

Registered number: 13282863

TY BRAF LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2022

TY BRAF LIMITED

REGISTERED NUMBER: 13282863

BALANCE SHEET

AS AT 31 MARCH 2022

		2022
Note		£

Fixed assets
Investment property	4		354,359
			354,359
Current assets
Cash at bank and in hand	5	3,048
		3,048
Creditors: amounts falling due within one year	6	(187,691)
Net current (liabilities)/assets			(184,643)
Total assets less current liabilities			169,716
Creditors: amounts falling due after more than one year	7		(181,866)

Net (liabilities)/assets			(12,150)

Capital and reserves
Called up share capital			100
Profit and loss account			(12,250)
			(12,150)

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TY BRAF LIMITED

REGISTERED NUMBER: 13282863

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

C S Sumner

Director

Date: 29 November 2022

The notes on pages 3 to 6 form part of these financial statements.

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TY BRAF LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2022

1.	General information

Ty Braf Limited, company registration number 13282863, is a private limited company, limited by shares, incorporated in England and Wales, with a registered office of Belmont House, Shrewsbury Business Park, Shrewsbury, Shropshire, SY2 6LG.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

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TY BRAF LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2022

2.Accounting policies (continued)

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Employees

The average monthly number of employees, including directors, during the period was 0.

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TY BRAF LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2022

4.	Investment property

		Freehold investment property
		£
	Valuation
	Additions at cost	354,359
	At 31 March 2022	354,359

The 2022 valuations were made by the bank, on an open market value for existing use basis.


	At 31 March 2022

5.	Cash and cash equivalents
		2022
		£

	Cash at bank and in hand	3,048
		3,048

6.	Creditors: Amounts falling due within one year
		2022
		£

	Bank loans	6,858
	Other creditors	179,633
	Accruals and deferred income	1,200
		187,691

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TY BRAF LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2022

7.	Creditors: Amounts falling due after more than one year
		2022
		£

	Bank loans	181,866
		181,866

8.	Loans
	Analysis of the maturity of loans is given below:
		2022
		£

	Amounts falling due within one year
	Bank loans	6,858
		6,858
	Amounts falling due 1-2 years
	Bank loans	181,866
		181,866


		188,724

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