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Company Registration No. 07193477 (England and Wales)
Bros Property Development Ltd Unaudited accounts for the year ended 31 March 2023
Bros Property Development Ltd Unaudited accounts Contents
Page
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Bros Property Development Ltd Company Information for the year ended 31 March 2023
Director
Paul David Brothers
Company Number
07193477 (England and Wales)
Registered Office
Suite 1b1 Argyle House, Northside Joel Street Northwood HA6 1NW United Kingdom
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Bros Property Development Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
56 
Investments
63,622 
63,622 
63,622 
63,678 
Current assets
Debtors
198,133 
202,733 
Cash at bank and in hand
15,954 
18,036 
214,087 
220,769 
Creditors: amounts falling due within one year
(117,155)
(124,510)
Net current assets
96,932 
96,259 
Total assets less current liabilities
160,554 
159,937 
Creditors: amounts falling due after more than one year
(38,868)
(38,868)
Provisions for liabilities
Other provisions
(11)
(11)
Net assets
121,675 
121,058 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
121,674 
121,057 
Shareholders' funds
121,675 
121,058 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 March 2024 and were signed on its behalf by
Paul David Brothers Director Company Registration No. 07193477
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Bros Property Development Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Bros Property Development Ltd is a private company, limited by shares, registered in England and Wales, registration number 07193477. The registered office is Suite 1b1 Argyle House, Northside, Joel Street, Northwood, HA6 1NW, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance basis
Fixtures & fittings
25% straight line basis
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment. Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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Bros Property Development Ltd Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
289 
4,217 
4,506 
At 31 March 2023
289 
4,217 
4,506 
Depreciation
At 1 April 2022
233 
4,217 
4,450 
Charge for the year
56 
- 
56 
At 31 March 2023
289 
4,217 
4,506 
Net book value
At 31 March 2023
- 
- 
- 
At 31 March 2022
56 
- 
56 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 April 2022
63,622 
Valuation at 31 March 2023
63,622 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
142,394 
146,994 
Other debtors
55,739 
55,739 
198,133 
202,733 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
12,373 
11,132 
Amounts owed to group undertakings and other participating interests
49,980 
57,430 
Taxes and social security
- 
641 
Other creditors
28,388 
35,893 
Loans from directors
22,364 
15,764 
Accruals
4,050 
3,650 
117,155 
124,510 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
38,868 
38,868 
9
Average number of employees
During the year the average number of employees was 1 (2022: 0).
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