Bramley Grange Property Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06397231 (England and Wales)

Financial Statements

for the Period 1 November 2020 to 30 September 2021

for

Bramley Grange Property Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M A Ambler

D C Helm

REGISTERED OFFICE:

Sheepcote Barn

23 Blackmoor Lane

Bardsey

Leeds

West Yorkshire

LS17 9DY

REGISTERED NUMBER:

06397231 (England and Wales)

ACCOUNTANTS:

Richard Smedley Limited

Chartered Accountants & Registered Auditors

2nd Floor, Woodside House

261 Low Lane

Horsforth

Leeds

West Yorkshire

LS18 5NY

FIXED ASSETS

Investment property

4

159,340

159,340

CURRENT ASSETS

Debtors

5

22,965

-

Cash in hand

100

99

23,065

99

CREDITORS

Amounts falling due within one year

6

164,287

159,340

NET CURRENT LIABILITIES

(141,222

)

(159,241

)

TOTAL ASSETS LESS CURRENT LIABILITIES

18,118

99

CAPITAL AND RESERVES

Called up share capital

100

99

Retained earnings

18,018

-

18,118

99

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 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 17 February 2022 and were signed on its behalf by:

M A Ambler - Director

1.	STATUTORY INFORMATION

Bramley Grange 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.	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 in relation to the investment property represents rental income received.

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.

Financial instruments

Basic financial instruments are recognised at amortised costs. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation

Taxation for the period 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 period 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 period was NIL (2020 - 2 ).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2020

and 30 September 2021

159,340

NET BOOK VALUE

At 30 September 2021

159,340

At 31 October 2020

159,340

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.21

31.10.20

£

£

Other debtors

22,965

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.21

31.10.20

£

£

Taxation and social security

4,227

-

Other creditors

160,060

159,340

164,287

159,340