ACCOUNTS - Final Accounts preparation

BROWN BOX DEVELOPMENTS LTD - Company Information

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Registered number: 13579847

BROWN BOX DEVELOPMENTS LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 AUGUST 2022

BROWN BOX DEVELOPMENTS LTD

COMPANY INFORMATION

Director	T Doyle


Registered number	13579847


Registered office	7 The Close
	Norwich
	Norfolk
	NR1 4DJ


Accountants	MA Partners LLP
	Chartererd Accountants
	7 The Close
	Norwich
	Norfolk
	NR1 4DJ

BROWN BOX DEVELOPMENTS LTD

CONTENTS

	Page
Accountants' report	1
Balance sheet	2 - 3
Notes to the financial statements	4 - 5

BROWN BOX DEVELOPMENTS LTD

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BROWN BOX DEVELOPMENTS LTD
FOR THE PERIOD ENDED 31 AUGUST 2022

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Brown Box Developments Ltd for the period ended 31 August 2022 which comprise the 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 at https://www.icaew.com/regulation.

This report is made solely to the director of Brown Box Developments Ltd in accordance with the terms of our engagement letter dated 9 September 2021. Our work has been undertaken solely to prepare for your approval the financial statements of Brown Box Developments Ltd and state those matters that we have agreed to state to the director of Brown Box Developments Ltd in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Brown Box Developments Ltd and its director for our work or for this report.

It is your duty to ensure that Brown Box Developments Ltd 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 loss of Brown Box Developments Ltd. You consider that Brown Box Developments Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of Brown Box Developments Ltd. 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.

MA Partners LLP

Chartererd Accountants

7 The Close

Norwich

Norfolk

NR1 4DJ

4 May 2023

Page 1

BROWN BOX DEVELOPMENTS LTD

REGISTERED NUMBER: 13579847

BALANCE SHEET

AS AT 31 AUGUST 2022

		2022
Note		£


Current assets
Stocks		36,665
Debtors: amounts falling due within one year	4	6,756
Cash at bank and in hand		5,951
		49,372
Creditors: amounts falling due within one year	5	(13,019)
Net current assets			36,353
Total assets less current liabilities			36,353
Creditors: amounts falling due after more than one year			(41,942)

Net (liabilities)/assets			(5,589)

Capital and reserves
Called up share capital			100
Profit and loss account			(5,689)
			(5,589)

Page 2

BROWN BOX DEVELOPMENTS LTD

REGISTERED NUMBER: 13579847

BALANCE SHEET (CONTINUED)

AS AT 31 AUGUST 2022

The director considers 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 director acknowledges his 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 on 4 May 2023.

T Doyle

Director

The notes on pages 4 to 5 form part of these financial statements.

Page 3

BROWN BOX DEVELOPMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 AUGUST 2022

1.	General information

The Company is a private company limited by shares. It is both incorporated and domiciled in England and Wales. The address of its registered office is 7 The Close, Norwich, Norfolk, NR1 4DJ.
The company's principal activity is that of property development.

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

Work in progress

Work in progress is valued at the lower of cost and net realisable value. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Interest payable which is directly attributable to a development is also included within work in progress.

2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.4

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.

2.5

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.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Employees

The average monthly number of employees, including directors, during the period was 1.

Page 4

BROWN BOX DEVELOPMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 AUGUST 2022

Debtors

					2022
					£


	Other debtors	6,756
		6,756

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

	Accruals and deferred income	13,019
		13,019

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

	Other creditors	41,942
		41,942

7.	Related party transactions
	As at 31 August 2022, the company owed the director £41,942.

Page 5