Bretstone Properties Limited Filleted accounts for Companies House (small and micro)

BRETSTONE PROPERTIES LIMITED - Company Information

0 false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 108,000 10,800 97,200 97,200 108,000 1,921 201 1,720 1,720 1,921 xbrli:pure xbrli:shares iso4217:GBP 02253090 2022-04-01 2023-03-31 02253090 2023-03-31 02253090 2022-03-31 02253090 2022-03-31 02253090 bus:Director1 2022-04-01 2023-03-31 02253090 core:WithinOneYear 2023-03-31 02253090 core:WithinOneYear 2022-03-31 02253090 core:ShareCapital 2023-03-31 02253090 core:ShareCapital 2022-03-31 02253090 core:RetainedEarningsAccumulatedLosses 2023-03-31 02253090 core:RetainedEarningsAccumulatedLosses 2022-03-31 02253090 core:CostValuation core:Non-currentFinancialInstruments 2022-03-31 02253090 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2023-03-31 02253090 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 02253090 core:Non-currentFinancialInstruments 2023-03-31 02253090 core:Non-currentFinancialInstruments 2022-03-31 02253090 core:LandBuildings 2023-03-31 02253090 core:LandBuildings 2022-03-31 02253090 core:LandBuildings 2022-03-31 02253090 core:LandBuildings 2022-04-01 2023-03-31 02253090 bus:SmallEntities 2022-04-01 2023-03-31 02253090 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 02253090 bus:FullAccounts 2022-04-01 2023-03-31 02253090 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 02253090 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31

COMPANY REGISTRATION NUMBER: 02253090

Bretstone Properties Limited

Filleted Unaudited Financial Statements

31 March 2023

Bretstone Properties Limited

Statement of Financial Position

31 March 2023

	2023		2022
Note	£	£	£

Fixed assets

Tangible assets	4	97,200	108,000
Investments	5	1,720	1,921
		--------	---------
		98,920	109,921

Current assets

Debtors	6	111	24
Cash at bank and in hand		9,308	12,057
		-------	--------
		9,419	12,081

Creditors: amounts falling due within one year	7	( 285,791)		( 287,192)
		---------		---------
Net current liabilities			( 276,372)	( 275,111)
			---------	---------
Total assets less current liabilities			( 177,452)	( 165,190)
			---------	---------
Net liabilities			( 177,452)	( 165,190)
			---------	---------

Capital and reserves

Called up share capital	2	2
Profit and loss account	( 177,454)	( 165,192)
	---------	---------
Shareholders deficit	( 177,452)	( 165,190)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Bretstone Properties Limited

Statement of Financial Position (continued)

31 March 2023

These financial statements were approved by the board of directors and authorised for issue on 21 December 2023 , and are signed on behalf of the board by:

Mr M M Clarfelt
Director

Company registration number: 02253090

Bretstone Properties Limited

Notes to the Financial Statements

Year ended 31 March 2023

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hurst House, High Street, Ripley, Surrey, GU23 6AY.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on the going concern basis which assumes that the continuing financial support of the ultimate parent company. The directors have received confirmation that this financial support will continue to be provided for the foreseeable future to enable the company to continue as a going concern and to settle its liabilities as and when they fall due.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Investments

Investments are revalued annually to market value. The aggregate surplus or deficit arising on revaluation is transferred to the profit and loss account.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short term highly liquid investments with original maturities of three months or less and bank overdrafts.

4. Tangible assets

	Land and buildings
	£
Cost or valuation
At 1 April 2022	108,000
Revaluations	( 10,800)
	---------
At 31 March 2023	97,200
	---------
Depreciation
At 1 April 2022 and 31 March 2023	–
	---------
Carrying amount
At 31 March 2023	97,200
	---------
At 31 March 2022	108,000
	---------

5. Investments

	Listed investments
	£
Cost
At 1 April 2022	1,921
Revaluations	( 201)
	-------
At 31 March 2023	1,720
	-------
Impairment
At 1 April 2022 and 31 March 2023	–
	-------

Carrying amount
At 31 March 2023	1,720
	-------
At 31 March 2022	1,921
	-------

6. Debtors

	2023	2022
	£	£
Other debtors	111	24
	----	----

7. Creditors: amounts falling due within one year

	2023	2022
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	284,292	284,292
Other creditors	1,499	2,900
	---------	---------
	285,791	287,192
	---------	---------

8. Related party transactions

The company has taken advantage of the exemption available under FRS 102 Section 1A to not disclose transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member. At the year end, the following balances were due to/(from) the company. The parties are considered related by virtue of the control exercised as a director in another group undertaking.

	2023	2022
	£	£
Lilifred Estates Limited	(276,602)	(276,602)
Heathcourt Properties Limited	(7,690)	(7,690)