Briers Property Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10477842 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2020

for

BRIERS PROPERTY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

Mrs D E Brierley

Miss E G Brierley

REGISTERED OFFICE:

Hen Dy Fferm

Garth Lane

Rudry

Caerphilly

CF83 3DR

REGISTERED NUMBER:

10477842 (England and Wales)

ACCOUNTANTS:

Hayvenhursts

Fairway House

Links Business Park

St Mellons

Cardiff

CF3 OLT

FIXED ASSETS

Tangible assets

5

5,502

-

Investments

6

210,515

210,515

216,017

210,515

CURRENT ASSETS

Debtors

7

222,236

354,728

Cash at bank

112,901

4,969

335,137

359,697

CREDITORS

Amounts falling due within one year

8

(181,230

)

(214,865

)

NET CURRENT ASSETS

153,907

144,832

TOTAL ASSETS LESS CURRENT LIABILITIES

369,924

355,347

CREDITORS

Amounts falling due after more than one year

9

(138,146

)

(167,666

)

NET ASSETS

231,778

187,681

CAPITAL AND RESERVES

Called up share capital

11

201

201

Retained earnings

12

231,577

187,480

SHAREHOLDERS' FUNDS

231,778

187,681

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 July 2021 and were signed on its behalf by:

Mrs D E Brierley - Director

1.	STATUTORY INFORMATION

Briers Property 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Tangible fixed assets

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

5,741

At 31 December 2020

5,741

DEPRECIATION

Charge for year

239

At 31 December 2020

239

NET BOOK VALUE

At 31 December 2020

5,502

6.	FIXED ASSET INVESTMENTS

Shares in

group

Listed

undertakings

investments

Totals

£

£

£

COST

At 1 January 2020

and 31 December 2020

198,615

11,900

210,515

NET BOOK VALUE

At 31 December 2020

198,615

11,900

210,515

At 31 December 2019

198,615

11,900

210,515

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Cadwaladers (Cardiff) Limited

Registered office:

Nature of business: Retail caterers

%

Class of shares:

holding

Ordinary

100.00

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Amounts owed by group undertakings

210,986

354,728

Prepayments

11,250

-

222,236

354,728

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

135,000

85,000

Tax

39,377

35,951

Social security and other taxes

200

200

Accruals and deferred income

-

74,065

Accrued expenses

6,653

19,649

181,230

214,865

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Bank loans - 1-2 years

45,000

85,000

Bank loans - 2-5 years

93,146

82,666

138,146

167,666

10.	SECURED DEBTS

The following secured debts are included within creditors:

2020

2019

£

£

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

200

Ordinary

£1

200

200

1

Preference

£1

1

1

201

201

12.

RESERVES

Retained

earnings

£

At 1 January 2020

187,480

Profit for the year

182,180

Dividends

(138,083

)

At 31 December 2020

231,577

13.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs D E Brierley.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Briers Property Limited for the year ended 31 December 2020 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Briers Property Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Briers Property Limited and state those matters that we have agreed to state to the Board of Directors of Briers Property Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Briers Property Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Briers Property Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Briers Property Limited. You consider that Briers Property Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Briers Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hayvenhursts

Fairway House

Links Business Park

St Mellons

Cardiff

CF3 OLT

16 July 2021