33 Brent Road Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 13393952 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

13 MAY 2021 TO 31 MAY 2022

FOR

33 BRENT ROAD LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R A Kapadia

M Vas

S Vora

REGISTERED OFFICE:

24 Bedford Row

London

United Kingdom

WC1R 4TQ

REGISTERED NUMBER:

13393952 (England and Wales)

ACCOUNTANTS:

Mehta & Tengra

Chartered Accountants

9 Berners Place

London

W1T 3AD

FIXED ASSETS

Tangible assets

4

29,814

Investment property

5

975,000

1,004,814

CURRENT ASSETS

Cash at bank

21,868

CREDITORS

Amounts falling due within one year

6

(1,052,142

)

NET CURRENT LIABILITIES

(1,030,274

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(25,460

)

PROVISIONS FOR LIABILITIES

7

(4,669

)

NET LIABILITIES

(30,129

)

CAPITAL AND RESERVES

Called up share capital

8

1,500

Fair value reserve

9

14,007

Retained earnings

9

(45,636

)

SHAREHOLDERS' FUNDS

(30,129

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2022 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 13 February 2023 and were signed on its behalf by:

R A Kapadia - Director

1.	STATUTORY INFORMATION

33 Brent Road 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 as modified by the revaluation of certain assets.

Tangible fixed assets

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

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 period 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 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 3 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

Additions

35,075

At 31 May 2022

35,075

DEPRECIATION

Charge for period

5,261

At 31 May 2022

5,261

NET BOOK VALUE

At 31 May 2022

29,814

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

956,324

Revaluations

18,676

At 31 May 2022

975,000

NET BOOK VALUE

At 31 May 2022

975,000

Fair value at 31 May 2022 is represented by:

£

Valuation in 2022

18,676

Cost

956,324

975,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amount due to related company

372,436

Other loan

430,800

Directors' current accounts

246,266

Accrued expenses

2,640

1,052,142

Interest of 8.7% per annum has been charged on the Other loan.

7.	PROVISIONS FOR LIABILITIES

£

Deferred tax

4,669

Deferred

tax

£

Provided during period

4,669

Balance at 31 May 2022

4,669

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1,500

Ordinary

£1

1,500

1,500 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

9.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

Deficit for the period

(31,629

)

(31,629

)

Fair value reserve

(14,007

)

14,007

-

At 31 May 2022

(45,636

)

14,007

(31,629

)

10.	RELATED PARTY DISCLOSURES

£372,435 is due to a company in which all the directors or associates of this company are also directors of that company.