Caseware UK (AP4) 2022.0.179 2022.0.179 2022-10-312022-10-3122021-11-01falseNo description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00665945 2021-11-01 2022-10-31 00665945 2020-11-01 2021-10-31 00665945 2022-10-31 00665945 2021-10-31 00665945 2020-11-01 00665945 2 2021-11-01 2022-10-31 00665945 2 2020-11-01 2021-10-31 00665945 7 2021-11-01 2022-10-31 00665945 d:Director1 2021-11-01 2022-10-31 00665945 e:FreeholdInvestmentProperty 2021-11-01 2022-10-31 00665945 e:FreeholdInvestmentProperty 2022-10-31 00665945 e:FreeholdInvestmentProperty 2021-10-31 00665945 e:FreeholdInvestmentProperty 2 2021-11-01 2022-10-31 00665945 e:CurrentFinancialInstruments 2022-10-31 00665945 e:CurrentFinancialInstruments 2021-10-31 00665945 e:Non-currentFinancialInstruments 2022-10-31 00665945 e:Non-currentFinancialInstruments 2021-10-31 00665945 e:CurrentFinancialInstruments e:WithinOneYear 2022-10-31 00665945 e:CurrentFinancialInstruments e:WithinOneYear 2021-10-31 00665945 e:Non-currentFinancialInstruments e:AfterOneYear 2022-10-31 00665945 e:Non-currentFinancialInstruments e:AfterOneYear 2021-10-31 00665945 e:ShareCapital 2021-11-01 2022-10-31 00665945 e:ShareCapital 2022-10-31 00665945 e:ShareCapital 2020-11-01 2021-10-31 00665945 e:ShareCapital 2021-10-31 00665945 e:ShareCapital 2020-11-01 00665945 e:InvestmentPropertiesRevaluationReserve 2021-11-01 2022-10-31 00665945 e:InvestmentPropertiesRevaluationReserve 2022-10-31 00665945 e:InvestmentPropertiesRevaluationReserve 2 2021-11-01 2022-10-31 00665945 e:InvestmentPropertiesRevaluationReserve 2020-11-01 2021-10-31 00665945 e:InvestmentPropertiesRevaluationReserve 2021-10-31 00665945 e:InvestmentPropertiesRevaluationReserve 2020-11-01 00665945 e:InvestmentPropertiesRevaluationReserve 2 2020-11-01 2021-10-31 00665945 e:RetainedEarningsAccumulatedLosses 2021-11-01 2022-10-31 00665945 e:RetainedEarningsAccumulatedLosses 2022-10-31 00665945 e:RetainedEarningsAccumulatedLosses 2 2021-11-01 2022-10-31 00665945 e:RetainedEarningsAccumulatedLosses 2020-11-01 2021-10-31 00665945 e:RetainedEarningsAccumulatedLosses 2021-10-31 00665945 e:RetainedEarningsAccumulatedLosses 2020-11-01 00665945 e:RetainedEarningsAccumulatedLosses 2 2020-11-01 2021-10-31 00665945 e:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-10-31 00665945 e:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2021-10-31 00665945 d:FRS102 2021-11-01 2022-10-31 00665945 d:AuditExempt-NoAccountantsReport 2021-11-01 2022-10-31 00665945 d:FullAccounts 2021-11-01 2022-10-31 00665945 d:PrivateLimitedCompanyLtd 2021-11-01 2022-10-31 00665945 e:AcceleratedTaxDepreciationDeferredTax 2022-10-31 00665945 e:AcceleratedTaxDepreciationDeferredTax 2021-10-31 iso4217:GBP xbrli:pure

Registered number: 00665945









BREDIAN PROPERTIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2022

 
BREDIAN PROPERTIES LIMITED
REGISTERED NUMBER: 00665945

BALANCE SHEET
AS AT 31 OCTOBER 2022

2022
2021
Note
£
£

Fixed assets
  

Investment property
 4 
275,000
575,000

  
275,000
575,000

Current assets
  

Debtors: amounts falling due within one year
 5 
450,549
453,442

Cash at bank and in hand
  
62,581
5,039

  
513,130
458,481

Creditors: amounts falling due within one year
 6 
(182,525)
(331,872)

Net current assets
  
 
 
330,605
 
 
126,609

Total assets less current liabilities
  
605,605
701,609

Creditors: amounts falling due after more than one year
 7 
-
(24,000)

Provisions for liabilities
  

Deferred tax
 9 
(46,261)
(85,626)

  
 
 
(46,261)
 
 
(85,626)

Net assets
  
559,344
591,983


Capital and reserves
  

Called up share capital 
  
100
100

Investment property reserve
  
227,501
499,498

Profit and loss account
  
331,743
92,385

  
559,344
591,983


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
Page 1

 
BREDIAN PROPERTIES LIMITED
REGISTERED NUMBER: 00665945
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2022


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 October 2023.






Miss L Zeira
Director

The notes on pages 5 to 10 form part of these financial statements.
Page 2

 
BREDIAN PROPERTIES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2022


Called up share capital
Investment property revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 November 2021
100
499,498
92,385
591,983


Comprehensive income for the year

Loss for the year

-
-
(32,638)
(32,638)

Fair value adjustments
-
-
20,794
20,794


Other comprehensive income for the year
-
-
20,794
20,794


Total comprehensive income for the year
-
-
(11,844)
(11,844)


Contributions by and distributions to owners

Transfer between non-distributable reserves
-
-
251,202
251,202

Transfer to non-distributable reserves
-
(271,997)
-
(271,997)


Total transactions with owners
-
(271,997)
251,202
(20,795)


At 31 October 2022
100
227,501
331,743
559,344


The notes on pages 5 to 10 form part of these financial statements.
Page 3

 
BREDIAN PROPERTIES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2021


Called up share capital
Investment property revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 November 2020
100
744,995
(106,745)
638,350


Comprehensive income for the year

Loss for the year

-
-
(46,367)
(46,367)


Other comprehensive income for the year
-
-
-
-


Total comprehensive income for the year
-
-
(46,367)
(46,367)

Transfer between non-distributable reserves
-
-
245,497
245,497

Transfer from non-distributable reserves
-
(245,497)
-
(245,497)


Total transactions with owners
-
(245,497)
245,497
-


At 31 October 2021
100
499,498
92,385
591,983


The notes on pages 5 to 10 form part of these financial statements.
Page 4

 
BREDIAN PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

1.


General information

Bredian Properties Limited is a private company limited by shares and incorporated in England and Wales. The registration number is 00665945. The registered office is 1 The Green, Richmond, Surrey, TW9 1PL.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.


The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements are prepared on a going concern basis.
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the forseeable future. As a result, they continue to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 5

 
BREDIAN PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
BREDIAN PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

2.Accounting policies (continued)

 
2.9

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 2).

Page 7

 
BREDIAN PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

4.


Investment property


Freehold investment property

£



Valuation


At 1 November 2021
575,000


Disposals
(275,000)


Surplus on revaluation
(25,000)



At 31 October 2022
275,000


Comprising


Cost
1,988

Annual revaluation surplus/(deficit):
Annual revaluation surplus/(deficit):

up to 2020
833,012

2021 disposal
(260,000)

2022 disposal and revaluation
(300,000)

At 31 October 2022
275,000

The 2022 valuations were made by the directors, on an open market value for existing use basis.





5.


Debtors

2022
2021
£
£


Other debtors
450,549
453,442

450,549
453,442


Page 8

 
BREDIAN PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank loans
-
198,799

Corporation tax
38,490
9,200

Other taxation and social security
206
206

Other creditors
136,254
116,447

Accruals and deferred income
7,575
7,220

182,525
331,872


The above bank loans are secured by a charge over the investment freehold properties. 
The loan for £nil (2021 - £198,799) bears interest at a rate of 3.35% above libor. The interest rate as at 31 October 2022 was 3.43723%. The loan was repaid within 12 months off the year end.


7.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Other creditors
-
24,000

-
24,000





8.


Financial instruments

2022
2021
£
£

Financial assets


Financial assets measured at fair value through profit or loss
62,581
5,039



Page 9

 
BREDIAN PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

9.


Deferred taxation




2022


£






At beginning of year
(85,626)


Charged to profit or loss
39,365



At end of year
(46,261)

The provision for deferred taxation is made up as follows:

2022
2021
£
£


Revaluation of investment property
(46,261)
(85,626)

(46,261)
(85,626)


10.


Transactions with directors

The following advances and credits to Mrs S Zeira a director during the years ended 31 October 2022 and 31 October 2021:


2022
2021
£
£



Balance outstanding at the start of the year
(32,616)
(25,959)

Amounts advanced
-
272

Amounts repaid and salary
-
(6,929)

Balance outstanding at the end of the year
(32,616)
(32,616)
 
Page 10