IRIS Accounts Production v23.2.0.158 09051603 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure090516032022-03-31090516032023-03-31090516032022-04-012023-03-31090516032021-03-31090516032021-04-012022-03-31090516032022-03-3109051603ns16:EnglandWales2022-04-012023-03-3109051603ns15:PoundSterling2022-04-012023-03-3109051603ns11:Director12022-04-012023-03-3109051603ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3109051603ns11:SmallEntities2022-04-012023-03-3109051603ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3109051603ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3109051603ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3109051603ns11:FullAccounts2022-04-012023-03-3109051603ns6:CurrentFinancialInstruments2023-03-3109051603ns6:CurrentFinancialInstruments2022-03-3109051603ns6:Non-currentFinancialInstruments2023-03-3109051603ns6:Non-currentFinancialInstruments2022-03-3109051603ns6:ShareCapital2023-03-3109051603ns6:ShareCapital2022-03-3109051603ns6:RetainedEarningsAccumulatedLosses2023-03-3109051603ns6:RetainedEarningsAccumulatedLosses2022-03-3109051603ns11:RegisteredOffice2022-04-012023-03-3109051603ns6:PlantMachinery2022-04-012023-03-3109051603ns6:PlantMachinery2022-03-3109051603ns6:PlantMachinery2023-03-3109051603ns6:PlantMachinery2022-03-3109051603ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3109051603ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-31
REGISTERED NUMBER: 09051603 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Briand Properties Limited

Briand Properties Limited (Registered number: 09051603)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Briand Properties Limited (Registered number: 09051603)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 620 730
Investment property 5 2,383,500 1,868,500
2,384,120 1,869,230

CURRENT ASSETS
Debtors 6 - 1,473
Cash at bank 10,769 21,595
10,769 23,068
CREDITORS
Amounts falling due within one year 7 1,445,691 937,796
NET CURRENT LIABILITIES (1,434,922 ) (914,728 )
TOTAL ASSETS LESS CURRENT LIABILITIES 949,198 954,502

CREDITORS
Amounts falling due after more than one year 8 (615,000 ) (615,000 )

PROVISIONS FOR LIABILITIES (118 ) (139 )
NET ASSETS 334,080 339,363

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 334,077 339,360
SHAREHOLDERS' FUNDS 334,080 339,363

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.

Briand Properties Limited (Registered number: 09051603)

Balance Sheet - continued
31 March 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 October 2023 and were signed on its behalf by:





Mr C M Briand - Director


Briand Properties Limited (Registered number: 09051603)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Briand Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09051603

Registered office: Park View
2 Badgers Rise
Leek
Staffordshire
ST13 8YD

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue is recognised as the company becomes entitled to consideration for the services supplied.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 15% on reducing balance

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Briand Properties Limited (Registered number: 09051603)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 April 2022
and 31 March 2023 1,359
DEPRECIATION
At 1 April 2022 629
Charge for year 110
At 31 March 2023 739
NET BOOK VALUE
At 31 March 2023 620
At 31 March 2022 730

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 1,868,500
Additions 515,000
At 31 March 2023 2,383,500
NET BOOK VALUE
At 31 March 2023 2,383,500
At 31 March 2022 1,868,500

Briand Properties Limited (Registered number: 09051603)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. INVESTMENT PROPERTY - continued

The investment properties should be revalued at each balance sheet date. However, the directors
consider that the values of the properties at 31st March 2023 are not materially different to their cost
and that revaluations are not necessary.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 1,473

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 7,511 5,317
Taxation and social security 12,774 22,314
Other creditors 1,425,406 910,165
1,445,691 937,796

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 615,000 615,000