Bramley Grange Property Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 06397231 (England and Wales)

Financial Statements for the Year Ended 30 September 2023

for

Bramley Grange Property Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M A Ambler

D C Helm

REGISTERED OFFICE:

Sheepcote Barn

23 Blackmoor Lane

Bardsey

Leeds

West Yorkshire

LS17 9DY

REGISTERED NUMBER:

06397231 (England and Wales)

ACCOUNTANTS:

Richard Smedley Limited

Chartered Accountants & Registered Auditors

Richmond House

Lawnswood Business Park

Redvers Close

Leeds

West Yorkshire

LS16 6QY

FIXED ASSETS

Investment property

4

305,000

159,340

CURRENT ASSETS

Debtors

5

61,837

49,770

Cash in hand

100

100

61,937

49,870

CREDITORS

Amounts falling due within one year

6

191,623

170,807

NET CURRENT LIABILITIES

(129,686

)

(120,937

)

TOTAL ASSETS LESS CURRENT LIABILITIES

175,314

38,403

PROVISIONS FOR LIABILITIES

36,415

-

NET ASSETS

138,899

38,403

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

7

109,245

-

Retained earnings

29,554

38,303

138,899

38,403

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 27 March 2024 and were signed on its behalf by:

M A Ambler - Director

1.	STATUTORY INFORMATION

Bramley Grange Property 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.

Turnover

Turnover in relation to the investment property represents rental income received.

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.

Financial instruments

Basic financial instruments are recognised at amortised costs. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2022

159,340

Revaluations

145,660

At 30 September 2023

305,000

NET BOOK VALUE

At 30 September 2023

305,000

At 30 September 2022

159,340

Fair value at 30 September 2023 is represented by:

£

Valuation in 2023

145,660

Cost

159,340

305,000

If investment property had not been revalued it would have been included at the following historical cost:

30.9.23

30.9.22

£

£

Cost

159,340

159,340

Investment property was valued on an open market basis on 30 September 2023 by the director. .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.23

30.9.22

£

£

Other debtors

61,837

49,770

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.23

30.9.22

£

£

Taxation and social security

-

4,759

Other creditors

191,623

166,048

191,623

170,807

7.

RESERVES

Fair

value

reserve

£

Revaluation

109,245

At 30 September 2023

109,245