The Bracknell Project Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 11632634 (England and Wales)

Unaudited Financial Statements For The Year Ended 31 March 2023

for

The Bracknell Project Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Drew

N J Hartwright

REGISTERED OFFICE:

58 Old Compton Street

London

W1D 4UF

REGISTERED NUMBER:

11632634 (England and Wales)

ACCOUNTANTS:

Fuller Spurling

Mill House

58 Guildford Street

Chertsey

Surrey

KT16 9BE

FIXED ASSETS

Tangible assets

4

14,210

28,837

CURRENT ASSETS

Debtors

5

97,812

46,122

Cash at bank

6,302

5,066

104,114

51,188

CREDITORS

Amounts falling due within one year

6

148,689

88,181

NET CURRENT LIABILITIES

(44,575

)

(36,993

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(30,365

)

(8,156

)

CREDITORS

Amounts falling due after more than one year

7

7,200

7,200

NET LIABILITIES

(37,565

)

(15,356

)

RESERVES

Income and expenditure account

(37,565

)

(15,356

)

(37,565

)

(15,356

)

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 surplus or deficit 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 10 June 2024 and were signed on its behalf by:

N J Hartwright - Director

1.	STATUTORY INFORMATION

The Bracknell Project Ltd is a private company, limited by guarantee , 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.

Turnover

Turnover represents the rental and service income arising from the use of the premises provided by the company to its customers. Income is recognised on a time- elapsed basis where rental cover longer periods.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

20% on cost

Equipment

-

25% on cost

Taxation

Taxation represents the sum of tax currently payable, and deferred tax if material.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax, where material, is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Leasing commitments

Rentals payable under operating lease agreements are charged to the profit and loss account evenly over the life of the leases.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors

Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

property

Equipment

Totals

£

£

£

COST

At 1 April 2022

and 31 March 2023

69,863

1,674

71,537

DEPRECIATION

At 1 April 2022

41,444

1,256

42,700

Charge for year

14,209

418

14,627

At 31 March 2023

55,653

1,674

57,327

NET BOOK VALUE

At 31 March 2023

14,210

-

14,210

At 31 March 2022

28,419

418

28,837

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

7,711

1,886

Other debtors

77,830

34,164

Prepayments

12,271

10,072

97,812

46,122

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade creditors

19,614

20,172

Social security and other taxes

467

1,858

VAT

5,299

6,215

Other creditors

89,808

50,767

Directors' current accounts

178

178

Accruals and deferred income

33,323

8,991

148,689

88,181

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Other creditors

7,200

7,200