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REGISTERED NUMBER: 09590365 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Darren Brick Properties Limited

Darren Brick Properties Limited (Registered number: 09590365)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Darren Brick Properties Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: D Brick





SECRETARY: D Brick





REGISTERED OFFICE: Hill Farm
Burstall Lane
Sproughton
Ipswich
Suffolk
IP8 3DJ





REGISTERED NUMBER: 09590365 (England and Wales)





ACCOUNTANTS: Knights Lowe Ltd
Chartered Accountants
Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ

Darren Brick Properties Limited (Registered number: 09590365)

Statement of Financial Position
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 790,000 610,000

CREDITORS
Amounts falling due within one year 5 161,266 63,436
NET CURRENT LIABILITIES (161,266 ) (63,436 )
TOTAL ASSETS LESS CURRENT LIABILITIES 628,734 546,564

PROVISIONS FOR LIABILITIES 6 116,074 77,900
NET ASSETS 512,660 468,664

CAPITAL AND RESERVES
Called up share capital 7 1 1
Fair value reserve 8 348,221 332,100
Retained earnings 164,438 136,563
SHAREHOLDERS' FUNDS 512,660 468,664

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 19 February 2024 and were signed by:





D Brick - Director


Darren Brick Properties Limited (Registered number: 09590365)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Darren Brick 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rental income receivable.

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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans with related parties.

Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are repayable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each financial year for evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Income Statement.

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 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 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.

Darren Brick Properties Limited (Registered number: 09590365)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022 610,000
Additions 125,705
Revaluations 54,295
At 31 May 2023 790,000
NET BOOK VALUE
At 31 May 2023 790,000
At 31 May 2022 610,000

Fair value at 31 May 2023 is represented by:
£   
Valuation in 2018 5,000
Valuation in 2019 1,710
Valuation in 2020 2,290
Valuation in 2022 401,000
Valuation in 2023 54,295
Cost 325,705
790,000

Investment property was valued on an open market basis on 31 May 2023 by the director .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 14,955 16,693
Other creditors 146,311 46,743
161,266 63,436

6. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Investment property gains 116,074 77,900

Darren Brick Properties Limited (Registered number: 09590365)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

6. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 June 2022 77,900
Charge to Income Statement during year 38,174
Balance at 31 May 2023 116,074

7. CALLED UP SHARE CAPITAL

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

8. RESERVES
Fair
value
reserve
£   
At 1 June 2022 332,100
Investment property gains 54,295
Increase in deferred tax
provision (38,174 )

At 31 May 2023 348,221

9. RELATED PARTY DISCLOSURES

Creditors falling due within one year include £144,091 (2022 - £44,727) owed to the director. The amount outstanding has no fixed date for repayment, is unsecured and is interest free.