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REGISTERED NUMBER: 06819306 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

P BROGDEN PROPERTIES LIMITED

P BROGDEN PROPERTIES LIMITED (REGISTERED NUMBER: 06819306)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P BROGDEN PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: P Brogden
Mrs C A Brogden





REGISTERED OFFICE: Blaenmorlais Farm
Pengarnddu
Dowlais Top
Merthyr Tydfil
CF48 2TH





REGISTERED NUMBER: 06819306 (England and Wales)





ACCOUNTANTS: Baker Knoyle Chartered Accountants
Orbit Business Centre
Merthyr Tydfil
CF48 1DL

P BROGDEN PROPERTIES LIMITED (REGISTERED NUMBER: 06819306)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3 3
Tangible assets 5 18,260 24,347
Investment property 6 7,456,734 7,315,202
7,474,997 7,339,552

CURRENT ASSETS
Debtors 7 20,786 56,022
Cash at bank 500,333 408,416
521,119 464,438
CREDITORS
Amounts falling due within one year 8 78,276 97,467
NET CURRENT ASSETS 442,843 366,971
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,917,840

7,706,523

PROVISIONS FOR LIABILITIES 541,941 541,941
NET ASSETS 7,375,899 7,164,582

CAPITAL AND RESERVES
Called up share capital 3,807,005 3,807,005
Other reserves 2,290,659 2,290,659
Retained earnings 1,278,235 1,066,918
SHAREHOLDERS' FUNDS 7,375,899 7,164,582

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

P BROGDEN PROPERTIES LIMITED (REGISTERED NUMBER: 06819306)

BALANCE SHEET - continued
31 JANUARY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2023 and were signed on its behalf by:





P Brogden - Director


P BROGDEN PROPERTIES LIMITED (REGISTERED NUMBER: 06819306)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

P Brogden 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Business contracts are being amortised evenly over their estimated useful life of nil years.

Business intellectual property rights are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 25% 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 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.

P BROGDEN PROPERTIES LIMITED (REGISTERED NUMBER: 06819306)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - NIL ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 February 2022
and 31 January 2023 1 2 3
NET BOOK VALUE
At 31 January 2023 1 2 3
At 31 January 2022 1 2 3

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022
and 31 January 2023 40,825
DEPRECIATION
At 1 February 2022 16,478
Charge for year 6,087
At 31 January 2023 22,565
NET BOOK VALUE
At 31 January 2023 18,260
At 31 January 2022 24,347

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022 7,315,202
Additions 141,532
At 31 January 2023 7,456,734
NET BOOK VALUE
At 31 January 2023 7,456,734
At 31 January 2022 7,315,202

The director considers the valuation of the Investment Properties to be £6,085,700 at the balance sheet date.

P BROGDEN PROPERTIES LIMITED (REGISTERED NUMBER: 06819306)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,045 1,168
Other debtors 19,741 54,854
20,786 56,022

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 367 410
Taxation and social security 31,474 66,179
Other creditors 46,435 30,878
78,276 97,467

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2023 and 31 January 2022:

2023 2022
£    £   
P Brogden
Balance outstanding at start of year 21,545 (14,216 )
Amounts advanced 22,934 42,605
Amounts repaid (39,394 ) (6,844 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,085 21,545

Mrs C A Brogden
Balance outstanding at start of year 21,545 (14,216 )
Amounts advanced 22,934 42,605
Amounts repaid (39,394 ) (6,844 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,085 21,545