Briar Properties Limited - Accounts to registrar (filleted) - small 23.1.5

REGISTERED NUMBER: 06175781 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

BRIAR PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C Stanger

N Stanger

S Stanger

SECRETARY:

N Stanger

REGISTERED OFFICE:

20 Weston Way

Pyrford

Woking

Surrey

GU22 8RW

REGISTERED NUMBER:

06175781 (England and Wales)

ACCOUNTANTS:

Ewing Accounts Ltd

Chilcompton

Green Lane

Aspley Guise

Bedfordshire

MK17 8EN

FIXED ASSETS

Investments

4

132,453

153,024

CURRENT ASSETS

Debtors

5

243

769

Cash at bank

16,723

13,921

16,966

14,690

CREDITORS

Amounts falling due within one year

6

(600

)

(1,543

)

NET CURRENT ASSETS

16,366

13,147

TOTAL ASSETS LESS CURRENT LIABILITIES

148,819

166,171

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

148,719

166,071

148,819

166,171

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 20 October 2023 and were signed on its behalf by:

N Stanger - Director

1.	STATUTORY INFORMATION

Briar Properties 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 as modified by the revaluation of certain assets.

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.

Fixed asset investments

Investments in listed company shares are remeasured to market value at each year end date.

Gains & losses on remeasurement are recognised as a profit or loss for the period.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2022

153,024

Additions

1,295

Revaluations

(21,866

)

At 31 March 2023

132,453

NET BOOK VALUE

At 31 March 2023

132,453

At 31 March 2022

153,024

Cost or valuation at 31 March 2023 is represented by:

Other

investments

£

Valuation in 2019

522

Valuation in 2020

(37,057

)

Valuation in 2021

54,563

Valuation in 2022

(24,522

)

Valuation in 2023

(21,866

)

Cost

160,813

132,453

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Other debtors

243

769

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Other creditors

600

1,543