Registered number
03578176
BRENSTYLE PROPERTIES LIMITED
Filleted Accounts
31 March 2023
BRENSTYLE PROPERTIES LIMITED
Registered number: 03578176
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 441,015 441,015
441,015 441,015
Current assets
Debtors 4 56,337 11,049
Cash at bank and in hand 65,609 126,906
121,946 137,955
Creditors: amounts falling due within one year 5 (307,464) (297,973)
Net current liabilities (185,518) (160,018)
Total assets less current liabilities 255,497 280,997
Creditors: amounts falling due after more than one year 6 - (35,100)
Net assets 255,497 245,897
Capital and reserves
Called up share capital 100 100
Profit and loss account 255,397 245,797
Shareholders' funds 255,497 245,897
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Patrick Loughrey
Director
Approved by the board on 4 May 2023
BRENSTYLE PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Total
£ £
Cost
At 1 April 2022 441,015 441,015
Additions - -
At 31 March 2023 441,015 441,015
Depreciation
At 1 April 2022 - -
Charge for the year - -
At 31 March 2023 - -
Net book value
At 31 March 2023 441,015 441,015
At 31 March 2022 441,015 441,015
4 Debtors 2023 2022
£ £
Trade debtors - -
Other debtors 56,337 11,049
56,337 11,049
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation Tax 2,252 3,441
Other creditors 305,212 294,532
307,464 297,973
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors - 35,100
- 35,100
7 Related Party Transactions
During the year the company received rental income in the sum of £7,500 (2022: £11,000)
on commercial terms from Ms S Sullivan, sister of the director.
As the balance sheet date the sum of £200,000 was owed to P Loughrey, the company
director. The loan is interest free and repayable on demand.
8 Other information
BRENSTYLE PROPERTIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
H Plaskow & Co
Chartered Certified Accountants
208 Green Lanes
Palmers Green
London
N13 5UE
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