0 30/09/2023 2023-09-30 false false false false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2022-10-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 09772698 2022-10-01 2023-09-30 09772698 2023-09-30 09772698 2022-09-30 09772698 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 09772698 bus:Director1 2022-10-01 2023-09-30 09772698 core:WithinOneYear 2023-09-30 09772698 core:WithinOneYear 2022-09-30 09772698 core:ShareCapital 2023-09-30 09772698 core:ShareCapital 2022-09-30 09772698 core:RetainedEarningsAccumulatedLosses 2023-09-30 09772698 core:RetainedEarningsAccumulatedLosses 2022-09-30 09772698 bus:OrdinaryShareClass1 core:ShareCapital 2023-09-30 09772698 bus:OrdinaryShareClass1 core:ShareCapital 2022-09-30 09772698 bus:SmallEntities 2022-10-01 2023-09-30 09772698 bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 09772698 bus:FullAccounts 2022-10-01 2023-09-30 09772698 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 09772698 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 09772698 core:LandBuildings core:OwnedOrFreeholdAssets 2022-10-01 2023-09-30
Company registration number: 09772698
Companies House
Brendan Fleming Properties Limited
Unaudited filleted financial statements
30 September 2023
Brendan Fleming Properties Limited
Contents
Statement of financial position
Notes to the financial statements
Brendan Fleming Properties Limited
Statement of financial position
30 September 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 756,200 756,200
_______ _______
756,200 756,200
Current assets
Cash at bank and in hand 72,569 69,035
_______ _______
72,569 69,035
Creditors: amounts falling due
within one year 5 ( 354,967) ( 406,541)
_______ _______
Net current liabilities ( 282,398) ( 337,506)
_______ _______
Net assets 473,802 418,694
_______ _______
Capital and reserves
Called up share capital 6 100 100
Profit and loss account 473,702 418,594
_______ _______
Shareholder funds 473,802 418,694
_______ _______
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 06 November 2023 , and are signed on behalf of the board by:
Mr B J Fleming
Director
Company registration number: 09772698
Brendan Fleming Properties Limited
Notes to the financial statements
Year ended 30 September 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 13 Portland Road, Edgbaston, Birmingham, West Midlands, B16 9HN. The address of the business is 165 Newhall Street, Birmingham, West Midlands, B3 1SW.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity, and are rounded to the nearest £1.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts.
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. 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 capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property - 0 %
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account under other administrative expenses.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 0 (2022: 0).
5. Creditors: amounts falling due within one year
2023 2022
£ £
Accruals and deferred income 1,320 1,044
Corporation tax 15,375 13,225
Director loan accounts 338,272 367,272
Other creditors - 25,000
_______ _______
354,967 406,541
_______ _______
6. Called up share capital
Issued, called up and fully paid
2023 2022
No £ No £
Ordinary shares of £ 1.00 each 100 100 100 100
_______ _______ _______ _______