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REGISTERED NUMBER: 07556662 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Brass Properties Limited

Brass Properties Limited (Registered number: 07556662)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Brass Properties Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr B Sanghera





REGISTERED OFFICE: 4 Station Avenue
Tile Hill
Coventry
West Midlands
CV4 9HS





REGISTERED NUMBER: 07556662 (England and Wales)





ACCOUNTANTS: Sachdevs
Chartered Accountants
4 Station Avenue
Tile Hill
Coventry
West Midlands
CV4 9HS

Brass Properties Limited (Registered number: 07556662)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,803,500 1,803,500

CURRENT ASSETS
Debtors 5 60,000 169,022
Cash at bank 771,716 107,501
831,716 276,523
CREDITORS
Amounts falling due within one year 6 (962,261 ) (170,257 )
NET CURRENT (LIABILITIES)/ASSETS (130,545 ) 106,266
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,672,955

1,909,766

CREDITORS
Amounts falling due after more than
one year

7

(732,585

)

(1,125,774

)
NET ASSETS 940,370 783,992

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 940,270 783,892
940,370 783,992

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 director acknowledges his 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.

Brass Properties Limited (Registered number: 07556662)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 October 2023 and were signed by:





Mr B Sanghera - Director


Brass Properties Limited (Registered number: 07556662)

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

1. STATUTORY INFORMATION

Brass 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 April 2022
and 31 March 2023 1,803,500
NET BOOK VALUE
At 31 March 2023 1,803,500
At 31 March 2022 1,803,500

Brass Properties Limited (Registered number: 07556662)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 60,000 111,000
Amounts owed by participating interests - 58,022
60,000 169,022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Amounts owed to participating interests 44,757 -
Tax 36,681 39,249
VAT 23,315 23,500
Directors' current accounts 850,000 100,000
Accruals and deferred income 7,508 7,508
962,261 170,257

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans more 5 yr by instal 725,085 1,118,274
Deposits paid on property 7,500 7,500
732,585 1,125,774

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 725,085 1,118,274