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REGISTERED NUMBER: 08898614 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

BRISTOLIAN PROPERTIES LIMITED

BRISTOLIAN PROPERTIES LIMITED (REGISTERED NUMBER: 08898614)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRISTOLIAN PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: R J Sheppard





SECRETARY: Ms S Sheppard





REGISTERED OFFICE: Units 5, 6 & 7
Ashley Trading Estate
Ashley Parade
Bristol
Avon
BS2 9XS





REGISTERED NUMBER: 08898614 (England and Wales)





AUDITORS: Sargeant Partnership LLP
Chartered Accountants
and Statutory Auditors
5 White Oak Square
London Road
Swanley
Kent
BR8 7AG

BRISTOLIAN PROPERTIES LIMITED (REGISTERED NUMBER: 08898614)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,863,914 2,611,698
Investments 5 - 258,934
Investment property 6 1,656,066 475,000
4,519,980 3,345,632

CURRENT ASSETS
Debtors 7 5,000 5,000
Cash at bank 713,552 582,335
718,552 587,335
CREDITORS
Amounts falling due within one year 8 66,519 79,345
NET CURRENT ASSETS 652,033 507,990
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,172,013

3,853,622

CREDITORS
Amounts falling due after more than one
year

9

(4,687,718

)

(3,379,041

)

PROVISIONS FOR LIABILITIES (185,379 ) (116,491 )
NET ASSETS 298,916 358,090

CAPITAL AND RESERVES
Called up share capital 11 5,000 5,000
Non Distributable retained
Earnings bfwd 12 124,500 124,500
Retained earnings 12 169,416 228,590
SHAREHOLDERS' FUNDS 298,916 358,090

BRISTOLIAN PROPERTIES LIMITED (REGISTERED NUMBER: 08898614)

BALANCE SHEET - continued
30 JUNE 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 director and authorised for issue on 30 January 2024 and were signed by:





R J Sheppard - Director


BRISTOLIAN PROPERTIES LIMITED (REGISTERED NUMBER: 08898614)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Bristolian 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.

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.

The financial statements are prepared in sterling, which is the functional currency of the company.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities in these accounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 2% per annum on cost
Improvements to property - 2% per annum on cost
Plant and machinery - 10% per annum on cost

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.

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.


BRISTOLIAN PROPERTIES LIMITED (REGISTERED NUMBER: 08898614)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Employee benefits
Short term employee benefits, including holiday entitlement and other non-monetary benefits, and contributions to personal pension schemes are recognised as an expense in the period in which they are incurred.

Short term debtors and creditors
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 income statement in other operating expenses.

Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short-term deposits with an original maturity date of three months or less.

Income
Income represents rent receivable net of VAT. Income is recognised on a straightline basis over the period of the rental.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

BRISTOLIAN PROPERTIES LIMITED (REGISTERED NUMBER: 08898614)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. TANGIBLE FIXED ASSETS
Improvements
Long to Plant and
leasehold property machinery Totals
£    £    £    £   
COST
At 1 July 2022 1,694,118 1,100,842 288,492 3,083,452
Additions - 343,841 - 343,841
At 30 June 2023 1,694,118 1,444,683 288,492 3,427,293
DEPRECIATION
At 1 July 2022 244,559 47,012 180,183 471,754
Charge for year 33,882 28,894 28,849 91,625
At 30 June 2023 278,441 75,906 209,032 563,379
NET BOOK VALUE
At 30 June 2023 1,415,677 1,368,777 79,460 2,863,914
At 30 June 2022 1,449,559 1,053,830 108,309 2,611,698

5. FIXED ASSET INVESTMENTS
Other
investment
£   
COST
At 1 July 2022 289,442
Disposals (289,442 )
At 30 June 2023 -
PROVISIONS
At 1 July 2022 30,508

Eliminated on disposal (30,508 )
At 30 June 2023 -
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 258,934

BRISTOLIAN PROPERTIES LIMITED (REGISTERED NUMBER: 08898614)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 475,000
Additions 1,181,066
At 30 June 2023 1,656,066
NET BOOK VALUE
At 30 June 2023 1,656,066
At 30 June 2022 475,000

The Investment Property comprises of 232 Cheltenham Road, Bristol, BS6 5QU and an addition during the year of Towan Meadow, Padstow, PL28 8PJ.

The fair value of the investment property 232 Cheltenham Road has been arrived at on the basis of a valuation carried out by the directors as at 30 June 2023. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

The Towan Meadow property has been brought into the accounts at cost during the year.

The director confirms the investment properties values are reasonable and a revaluation is not considered necessary.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 5,000 5,000

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 36,773 51,449
Other creditors 29,746 27,896
66,519 79,345

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 1,813,206 1,102,246
Amounts owed to group undertakings 2,874,512 2,276,795
4,687,718 3,379,041

BRISTOLIAN PROPERTIES LIMITED (REGISTERED NUMBER: 08898614)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

10. SECURED DEBTS

HSBC Bank PLC holds a floating charge with a negative pledge on all the assets, property or undertaking of the company. Units 5, 6 & 7 Ashley Trading Estate contains a negative pledge.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
5,000 Ordinary £1 5,000 5,000

12. RESERVES
Non
Distributable
retained
Retained Earnings
earnings bfwd Totals
£    £    £   

At 1 July 2022 228,590 124,500 353,090
Deficit for the year (59,174 ) (59,174 )
At 30 June 2023 169,416 124,500 293,916

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

The Report of the Auditors was unqualified.

Gary Sargeant (Senior Statutory Auditor)
for and on behalf of Sargeant Partnership LLP

14. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date R J Sheppard owed the company £200 (2022: £Nil).

15. RELATED PARTY DISCLOSURES

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.

16. ULTIMATE PARENT COMPANY

The parent and ultimate parent company is JSB Companies Limited, a company registered in England and Wales.

The results of this company are included in the consolidated accounts of JSB Companies Limited and the consolidated accounts are available to view at Companies House.

BRISTOLIAN PROPERTIES LIMITED (REGISTERED NUMBER: 08898614)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

17. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Richard Sheppard by virtue of his shareholding in JSB Companies Limited.