Registered number
09326352
Plas Brereton Ltd
Filleted Abridged Accounts
31 May 2023
Plas Brereton Ltd
Registered number: 09326352
Abridged Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 911,205 911,101
Cash at bank and in hand 214,256 221,569
1,125,461 1,132,670
Creditors: amounts falling due within one year 4 (1,357,909) (1,361,037)
Net current liabilities (232,448) (228,367)
Net liabilities (232,448) (228,367)
Capital and reserves
Called up share capital 1 1
Profit and loss account (232,449) (228,368)
Shareholders' funds (232,448) (228,367)
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.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
J Gleek
Director
Approved by the board on 22 February 2024
Plas Brereton Ltd
Notes to the Abridged Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The abridged 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).
Going concern
The financial statements have been prepared on the going concern basis, notwithstanding the company’s net liabilities. The director considers this to be appropriate since the company's shareholder has provided an undertaking to provide such financial obligations as they fall due for payment. This undertaking is to remain in force, for a period of at least 12 months, from the date of signing these accounts.
Related party exemption
The company has taken the advantage of the exemption in FRS 102 not to disclose related party transactions or the balances with entities which form part of the group.
Turnover
Turnover is derived from wholly continuing activities and comprises the amount receivable from customers for rental of the properties and the sale of trading stock. Rental income is recognised in the period to which it relates. Turnover resulting from the sale of trading stock and associated cost of sales are recognised in the period in which disposal is completed.
Stocks
Stock comprises properties held for development and are stated at the lower of the cost or net realisable value.
Taxation
Taxation comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets or 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 statement of financial position date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated, but not reversed, at the statement of financial position date. Timing differences arise from the inclusion of income and expenditure 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 period end and that are expected to apply to the reversal of timing differences. 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
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2023 2022
£ £
Amounts owed by parent company 911,101 911,101
other debtors 104
911,205 911,101
4 Creditors :amounts falling due within one year 2023 2022
£ £
Trade creditirs 165
Amounts owed to companies under common control 1,357,144 1,360,680
Other creditors 600 350
Other taxes and social security costs - 7
1,357,909 1,361,037
5 Ultimate parent undertaking
The ultimate parent undertaking is J Gleek Properties Limited, a company registered in the United Kingdom and whose registered address is Richmond House, Avonmouth Way, Avonmouth, Bristol,BS11 8DE.
6 Other information
Plas Brereton Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Richmond House,
Avonmouth Way,
Avonmouth,
Bristol,
England, BS11 8DE
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