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REGISTERED NUMBER: 02331606 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2023

for

Brendan Lees Developments Limited

Brendan Lees Developments Limited (Registered number: 02331606)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Brendan Lees Developments Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: B Lees
Mrs L Lees





SECRETARY: Mrs J Richards





REGISTERED OFFICE: Churchill House
Swaffield Park
Hyssop Close, Hawks Green
Cannock
WS11 7FU





REGISTERED NUMBER: 02331606 (England and Wales)





ACCOUNTANTS: Dalton Pardoe Limited
Chartered Accountants
794 High Street
Kingswinford
West Midlands
DY6 8BQ

Brendan Lees Developments Limited (Registered number: 02331606)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,115,608 8,415,707

CURRENT ASSETS
Debtors 5 82,537 53,060
Cash at bank and in hand 120,669 138,689
203,206 191,749
CREDITORS
Amounts falling due within one year 6 468,851 518,820
NET CURRENT LIABILITIES (265,645 ) (327,071 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,849,963

8,088,636

CREDITORS
Amounts falling due after more than one
year

7

(2,594,165

)

(2,788,495

)

PROVISIONS FOR LIABILITIES (74 ) (75 )
NET ASSETS 5,255,724 5,300,066

CAPITAL AND RESERVES
Called up share capital 8 3,000 3,000
Revaluation reserve 9 4,182,440 4,182,440
Retained earnings 9 1,070,284 1,114,626
SHAREHOLDERS' FUNDS 5,255,724 5,300,066

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Brendan Lees Developments Limited (Registered number: 02331606)

Balance Sheet - continued
30 April 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 6 November 2023 and were signed on its behalf by:





B Lees - Director


Brendan Lees Developments Limited (Registered number: 02331606)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Brendan Lees Developments 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.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Brendan Lees Developments Limited (Registered number: 02331606)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Investment Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1 May 2022 8,415,311 39,280 55,231
Disposals (300,000 ) - -
At 30 April 2023 8,115,311 39,280 55,231
DEPRECIATION
At 1 May 2022 - 39,213 55,001
Charge for year - 17 58
At 30 April 2023 - 39,230 55,059
NET BOOK VALUE
At 30 April 2023 8,115,311 50 172
At 30 April 2022 8,415,311 67 230

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 May 2022 12,758 5,815 8,528,395
Disposals - - (300,000 )
At 30 April 2023 12,758 5,815 8,228,395
DEPRECIATION
At 1 May 2022 12,738 5,736 112,688
Charge for year 5 19 99
At 30 April 2023 12,743 5,755 112,787
NET BOOK VALUE
At 30 April 2023 15 60 8,115,608
At 30 April 2022 20 79 8,415,707

Cost or valuation at 30 April 2023 is represented by:

Fixtures
Investment Plant and and
property machinery fittings
£    £    £   
Valuation in 2020 800,000 - -
Valuation in 2021 2,357,440 - -
Valuation in 2022 1,025,000 - -
Cost 3,932,871 39,280 55,231
8,115,311 39,280 55,231

Brendan Lees Developments Limited (Registered number: 02331606)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2020 - - 800,000
Valuation in 2021 - - 2,357,440
Valuation in 2022 - - 1,025,000
Cost 12,758 5,815 4,045,955
12,758 5,815 8,228,395

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

30.4.23 30.4.22
£    £   
Cost 3,932,871 4,232,871

Office and Industrial units were valued on an open market basis on 5 April 2022 by Vail Williams LLP .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 57,372 37,075
Prepayments 25,165 15,985
82,537 53,060

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors 1,054 1,756
Tax 78,380 135,377
Social security and other taxes 2,676 2,237
Net wages 2,300 -
VAT 28,779 30,213
Other creditors 259,732 259,732
Directors' current accounts 1,910 1,506
Accruals and deferred income 94,020 87,999
468,851 518,820

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans - 2-5 years 2,594,165 2,788,495

Brendan Lees Developments Limited (Registered number: 02331606)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
3,000 Ordinary shares £1 3,000 3,000

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 May 2022 1,114,626 4,182,440 5,297,066
Profit for the year 155,658 155,658
Dividends (200,000 ) (200,000 )
At 30 April 2023 1,070,284 4,182,440 5,252,724

10. RELATED PARTY DISCLOSURES

During the year the company paid dividends of £200,000 to its directors (2022 : £54,000 ).

Included within Creditors, amounts falling due within one year, is an amount of £259,732 (2022: £259,732 ), a loan from KGL Estates (Cannock) Limited. There are no terms set down for repayment and the loan is interest free.