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REGISTERED NUMBER: 08987444 (England and Wales)















Bruges Place Investments Limited

Financial Statements

for the Year Ended 30 June 2023






Bruges Place Investments Limited (Registered number: 08987444)

Contents of the Financial Statements
for the year ended 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bruges Place Investments Limited

Company Information
for the year ended 30 June 2023







Directors: E A Green
I S Langdon





Registered office: Jack Straw's Castle
12 North End Way
London
NW3 7ES





Registered number: 08987444 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Bruges Place Investments Limited (Registered number: 08987444)

Balance Sheet
30 June 2023

2023 2022
Notes £ £
Current assets
Properties for development 1,720,131 2,003,672
Debtors 4 1,059,111 950,137
Cash in hand 50,801 127,031
2,830,043 3,080,840
Creditors
Amounts falling due within one year 5 491,502 656,916
Net current assets 2,338,541 2,423,924
Total assets less current liabilities 2,338,541 2,423,924

Capital and reserves
Called up share capital 6 100 100
Retained earnings 7 2,338,441 2,423,824
Shareholders' funds 2,338,541 2,423,924

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

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

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 8 January 2024 and were signed on its behalf by:





E A Green - Director


Bruges Place Investments Limited (Registered number: 08987444)

Notes to the Financial Statements
for the year ended 30 June 2023


1. Statutory information

Bruges Place Investments Limited is a limited company incorporated in England and Wales. The registered number is 08987444 and the registered office address is Jack Straw's Castle, 12 North End Way, London, NW3 7ES.

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.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows, in making their assessment.

Based on these assessments, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from the bank and other third parties, loans to related parties, and investment in ordinary shares.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Taxation
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.

Turnover
Turnover comprises revenue recognised by the company in respect of the sale of properties within the period. Sales of properties are recognised on practical completion of the transaction, when legal ownership of the property is transfered to the buyer.

3. Employees and directors

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

Bruges Place Investments Limited (Registered number: 08987444)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


4. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 45,000 -
Other debtors 1,014,111 950,137
1,059,111 950,137

5. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors - 1,440
Taxation and social security 16,793 36,831
Other creditors 474,709 618,645
491,502 656,916

6. Called up share capital

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £ £
1,000 Ordinary £0.10 100 100

7. Reserves
Retained
earnings
£

At 1 July 2022 2,423,824
Deficit for the year (85,383 )
At 30 June 2023 2,338,441

8. Related party disclosures

Included within creditors is £434,293 (2022: £291,044) owed to related companies under common control.

Included within debtors is £161,109 (2022: £153,437) owed from related companies under common control.

9. Ultimate controlling party

The ultimate controlling party is the ultimate parent company CP Plus Investments Limited, a company controlled by E A Green, I S Langdon and related parties acting in concert.