Company Registration No. 10283192 (England and Wales)
Bros Property Partners Ltd
Unaudited accounts
for the year ended 31 March 2023
Bros Property Partners Ltd
Unaudited accounts
Contents
Bros Property Partners Ltd
Company Information
for the year ended 31 March 2023
Director
Paul David Brothers
Company Number
10283192 (England and Wales)
Registered Office
Suite 1b1 Argyle House, Northside
Joel Street
Northwood
HA6 1NW
United Kingdom
Bros Property Partners Ltd
Statement of financial position
as at 31 March 2023
Investment property
2,200,000
2,200,000
Cash at bank and in hand
9,813
4,652
Creditors: amounts falling due within one year
(1,164,031)
(1,143,721)
Net current liabilities
(1,126,689)
(1,096,125)
Total assets less current liabilities
1,073,311
1,103,875
Creditors: amounts falling due after more than one year
(1,515,394)
(1,547,500)
Net liabilities
(442,083)
(443,625)
Called up share capital
3,000
3,000
Profit and loss account
(452,083)
(453,625)
Shareholders' funds
(442,083)
(443,625)
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. 10283192
Bros Property Partners Ltd
Notes to the Accounts
for the year ended 31 March 2023
Bros Property Partners Ltd is a private company, limited by shares, registered in England and Wales, registration number 10283192. 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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.
Fair value at 1 April 2022
2,200,000
At 31 March 2023
2,200,000
Bros Property Partners Ltd
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Amounts due from group undertakings etc.
27,499
20,399
Accrued income and prepayments
-
3,472
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
2,034
2,034
Amounts owed to group undertakings and other participating interests
161,358
146,994
Taxes and social security
-
554
Loans from directors
990,310
983,810
Deferred income
8,804
8,804
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
1,491,260
1,522,500
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).