Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true02022-04-01falseNo description of principal activity0true 13282863 2022-04-01 2023-03-31 13282863 2021-03-22 2022-03-31 13282863 2023-03-31 13282863 2022-03-31 13282863 c:Director2 2022-04-01 2023-03-31 13282863 d:FreeholdInvestmentProperty 2023-03-31 13282863 d:FreeholdInvestmentProperty 2022-03-31 13282863 d:CurrentFinancialInstruments 2023-03-31 13282863 d:CurrentFinancialInstruments 2022-03-31 13282863 d:Non-currentFinancialInstruments 2023-03-31 13282863 d:Non-currentFinancialInstruments 2022-03-31 13282863 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13282863 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 13282863 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 13282863 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 13282863 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 13282863 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 13282863 d:ShareCapital 2023-03-31 13282863 d:ShareCapital 2022-03-31 13282863 d:RetainedEarningsAccumulatedLosses 2023-03-31 13282863 d:RetainedEarningsAccumulatedLosses 2022-03-31 13282863 c:OrdinaryShareClass1 2022-04-01 2023-03-31 13282863 c:OrdinaryShareClass1 2023-03-31 13282863 c:OrdinaryShareClass1 2022-03-31 13282863 c:FRS102 2022-04-01 2023-03-31 13282863 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 13282863 c:FullAccounts 2022-04-01 2023-03-31 13282863 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 13282863 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13282863









TY BRAF LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
TY BRAF LIMITED
REGISTERED NUMBER: 13282863

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
354,359
354,359

  
354,359
354,359

Current assets
  

Debtors: amounts falling due within one year
  
2,207
-

Cash at bank and in hand
 6 
1,692
3,048

  
3,899
3,048

Creditors: amounts falling due within one year
 7 
(186,138)
(187,691)

Net current liabilities
  
 
 
(182,239)
 
 
(184,643)

Total assets less current liabilities
  
172,120
169,716

Creditors: amounts falling due after more than one year
 8 
(184,138)
(181,866)

  

Net liabilities
  
(12,018)
(12,150)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(12,118)
(12,250)

  
(12,018)
(12,150)


Page 1

 
TY BRAF LIMITED
REGISTERED NUMBER: 13282863
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

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 profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




C S Sumner
Director

Date: 3 October 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
TY BRAF LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Ty Braf Limited, company registration number 13282863, is a private limited company, limited by shares,incorporated in England and Wales, with a registered office of Belmont House, Shrewsbury BusinessPark, Shrewsbury, Shropshire, SY2 6LG.

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 accounts have been prepared on a going concern basis due to the continued support of the directors in maintaining the working capital of the company. 

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
TY BRAF LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

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.

 
2.6

Borrowing costs

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

 
2.7

Taxation

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.

 
2.8

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.

 
2.9

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.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

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.

 
2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
Page 4

 
TY BRAF LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.12
Financial instruments (continued)

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.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.


3.


Employees

The average monthly number of employees, including directors, during the year was 0 (2022 - 0).


4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2022
354,359



At 31 March 2023
354,359

The 2023 valuations were made by the bank, on an open market value for existing use basis.



At 31 March 2023




Page 5

 
TY BRAF LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022
£
£


Prepayments and accrued income
2,207
-

2,207
-



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,692
3,048

1,692
3,048



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
4,714
6,858

Corporation tax
31
-

Other creditors
179,665
179,633

Accruals and deferred income
1,728
1,200

186,138
187,691



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
129,428
181,866

Other creditors
54,710
-

184,138
181,866


Page 6

 
TY BRAF LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
4,714
6,858


4,714
6,858

Amounts falling due 1-2 years

Bank loans
129,428
181,866


129,428
181,866



134,142
188,724



10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100


 
Page 7