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REGISTERED NUMBER: 10651084 (England and Wales)















FINANCIAL STATEMENTS FOR THE PERIOD 1 MAY 2021 TO 31 OCTOBER 2022

FOR

BRITANIACREST PROPERTIES LTD

BRITANIACREST PROPERTIES LTD (REGISTERED NUMBER: 10651084)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2021 TO 31 OCTOBER 2022




Page

Balance Sheet 1

Notes to the Financial Statements 2


BRITANIACREST PROPERTIES LTD (REGISTERED NUMBER: 10651084)

BALANCE SHEET
31 OCTOBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Investments 5 - 50

CURRENT ASSETS
Debtors 6 50,000 40,439
Cash at bank and in hand 1,341,988 174,112
1,391,988 214,551
CREDITORS
Amounts falling due within one year 7 1,086,313 5,089
NET CURRENT ASSETS 305,675 209,462
TOTAL ASSETS LESS CURRENT
LIABILITIES

305,675

209,512

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 305,575 209,412
SHAREHOLDERS' FUNDS 305,675 209,512

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2023 and were signed on its behalf by:





C A Foss - Director


BRITANIACREST PROPERTIES LTD (REGISTERED NUMBER: 10651084)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2021 TO 31 OCTOBER 2022

1. STATUTORY INFORMATION

Britaniacrest Properties Ltd 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: 10651084

Registered office: Chancery House
3 Hatchlands Road
Redhill
Surrey
RH1 6AA

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


All amounts in the financial statements have been rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
In preparing these financial statements, the directors have made the following judgements:

- Determine whether leases entered into by the company either as a lessor or a lessee are operating lease or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis.
- Determine whether there are indicators of impairment of the company's tangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.

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.

BRITANIACREST PROPERTIES LTD (REGISTERED NUMBER: 10651084)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2021 TO 31 OCTOBER 2022

3. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial assets, including investments in joint venture, other debtors and cash and bank balances, are initially measured at the transaction price including transaction costs and are subsequently recognised at amortised cost. Basic financial liabilities, including trade creditors, other creditors and bank loans, are initially recognised at transaction price and are subsequently recognised at amortised cost.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 period 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.

Joint ventures
An entity is treated as a joint venture where the company is party to a contractual agreement with one or more parties from outside the company to undertake an economic activity that is subject to joint control.

Interests in joint ventures are accounted for using the cost method of accounting. Under this method the investment is initially recognised as the transaction price (including transaction costs) and is subsequently adjusted by any accumulated impairment losses through the profit and loss account. Any distributions received from the investment are recognised in the profit and loss accounts.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2021 - NIL).

BRITANIACREST PROPERTIES LTD (REGISTERED NUMBER: 10651084)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2021 TO 31 OCTOBER 2022

5. FIXED ASSET INVESTMENTS
Interest
in joint
venture
£   
COST
At 1 May 2021 50
Impairments (50 )
At 31 October 2022 -
NET BOOK VALUE
At 31 October 2022 -
At 30 April 2021 50

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed by group undertakings 50,000 -
Other debtors - 40,439
50,000 40,439

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors - 114
Amounts owed to group undertakings 1,037,806 -
Taxation and social security 22,557 -
Other creditors 25,950 4,975
1,086,313 5,089

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Susan Jones (FCA) (Senior Statutory Auditor)
for and on behalf of Vista Audit LLP

9. ULTIMATE PARENT UNDERTAKING

The ultimate parent company is Foss & Co Group Limited, and the immediate parent company is Foss Holdings Limited, both companies registered in England and Wales. The registered office of both companies is Chancery House, 3 Hatchlands Road, Redhill, Surrey RH1 6AA. Copies of the parent's accounts can be obtained from the Registrar of Companies, Companies House, Crown Way, Cardiff, CF14 3UZ.