Bramall House Properties Limited - Accounts to registrar (filleted) - small 22.3
Bramall House Properties Limited - Accounts to registrar (filleted) - small 22.3
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022 |
FOR |
BRAMALL HOUSE PROPERTIES LIMITED |
BRAMALL HOUSE PROPERTIES LIMITED (REGISTERED NUMBER: 04762185) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 May 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Chartered Accountants' Report | 8 |
BRAMALL HOUSE PROPERTIES LIMITED |
COMPANY INFORMATION |
for the year ended 31 May 2022 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Linden House |
Linden Close |
Tunbridge Wells |
Kent |
TN4 8HH |
BRAMALL HOUSE PROPERTIES LIMITED (REGISTERED NUMBER: 04762185) |
BALANCE SHEET |
31 May 2022 |
31.5.22 | 31.5.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
BRAMALL HOUSE PROPERTIES LIMITED (REGISTERED NUMBER: 04762185) |
BALANCE SHEET - continued |
31 May 2022 |
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 |
BRAMALL HOUSE PROPERTIES LIMITED (REGISTERED NUMBER: 04762185) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 May 2022 |
1. | STATUTORY INFORMATION |
Bramall House Properties Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is recognised when it is probable that future economic benefits will flow to the company from its lease agreements and is measured as the fair value of consideration which the company expects to receive from those transactions. Turnover represents rental income from operating leases and is recognised on a straight line basis over the term of the lease. Lease incentives which are granted are included as part of the net consideration for the use of the property leased and are also recognised on a straight line basis. |
Service charge income is recognised as revenue in the period to which it relates. |
Management fee income is recognised as revenue in the period to which it relates. |
Turnover is recognised net of returns and of trade discounts and is shown exclusive of value added tax. |
Tangible fixed assets |
Fixtures and fittings | - |
Computer equipment | - |
Financial instruments |
The company enters into basic financial instruments that give rise to financial assets and financial liabilities |
including trade and other debtors, trade and other creditors, bank account balances, bank loans and other loans and borrowings and investments in certain non puttable and non convertible equity instruments. |
Debt instruments which are not payable or receivable within one year are initially accounted for at the transaction price and are subsequently accounted for at amortised cost using the effective interest method. Debt instruments payable and receivable within one year are measured at their undiscounted cash amounts. Where the debt instruments are treated as a financing transaction, then the financial asset or liability is measured at the present value of future cash flows based on a market rate of interest. Debt instruments which are treated as financial assets and accounted for at amortised cost are also assessed for impairment. |
Equity instruments are initially accounted for at transaction price. They are subsequently accounted for at cost unless they can be accounted for at fair value based on a readily available market price or fair value. Equity instruments which are treated as financial assets and accounted for at cost are also assessed for impairment. |
BRAMALL HOUSE PROPERTIES LIMITED (REGISTERED NUMBER: 04762185) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 May 2022 |
2. | ACCOUNTING POLICIES - continued |
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. |
Investment properties |
Investment properties are included in the balance sheet at their fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Freehold | Fixtures |
investment | Plant and | and | Computer |
property | machinery | fittings | equipment | Totals |
£ | £ | £ | £ | £ |
COST OR VALUATION |
At 1 June 2021 |
Additions |
Revaluations |
At 31 May 2022 |
DEPRECIATION |
At 1 June 2021 |
Charge for year |
At 31 May 2022 |
NET BOOK VALUE |
At 31 May 2022 |
At 31 May 2021 |
BRAMALL HOUSE PROPERTIES LIMITED (REGISTERED NUMBER: 04762185) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 May 2022 |
4. | TANGIBLE FIXED ASSETS - continued |
Cost or valuation at 31 May 2022 is represented by: |
Freehold | Fixtures |
investment | Plant and | and | Computer |
property | machinery | fittings | equipment | Totals |
£ | £ | £ | £ | £ |
Valuation in 2013 | 304,365 | - | - | - | 304,365 |
Valuation in 2014 | 48,969 | - | - | - | 48,969 |
Valuation in 2015 | 50,000 | - | - | - | 50,000 |
Valuation in 2016 | 92,681 | - | - | - | 92,681 |
Valuation in 2017 | 92,170 | - | - | - | 92,170 |
Valuation in 2018 | 100,000 | - | - | - | 100,000 |
Valuation in 2019 | (266,096 | ) | - | - | - | (266,096 | ) |
Valuation in 2020 | 45,782 | - | - | - | 45,782 |
Valuation in 2021 | 59,911 | - | - | - | 59,911 |
Valuation in 2022 | 325,726 | - | - | - | 325,726 |
Cost | 3,309,344 | 50,747 | 289,228 | 3,676 | 3,652,995 |
4,162,852 | 50,747 | 289,228 | 3,676 | 4,506,503 |
If investment properties had not been revalued they would have been included at the following historical cost: |
31.5.22 | 31.5.21 |
£ | £ |
Cost | 2,740,993 | 2,246,562 |
Investment properties were valued on an open market basis on 31 May 2022 by the directors . |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.22 | 31.5.21 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.22 | 31.5.21 |
£ | £ |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.5.22 | 31.5.21 |
£ | £ |
Bank loans |
BRAMALL HOUSE PROPERTIES LIMITED (REGISTERED NUMBER: 04762185) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 May 2022 |
8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 31 May 2022 and 31 May 2021: |
31.5.22 | 31.5.21 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
The director's loan account is repayable within 9 months of the balance sheet date. Interest is charged by the company at the statutory rate on overdrawn accounts in excess of £ 10,000 per director. |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
BRAMALL HOUSE PROPERTIES LIMITED |
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 Bramall House Properties Limited for the year ended 31 May 2022 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Bramall House Properties 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 Bramall House Properties Limited and state those matters that we have agreed to state to the Board of Directors of Bramall House Properties 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 Bramall House Properties Limited and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Bramall House Properties 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 Bramall House Properties Limited. You consider that Bramall House Properties 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 Bramall House Properties 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. |
Linden House |
Linden Close |
Tunbridge Wells |
Kent |
TN4 8HH |