Caseware UK (AP4) 2023.0.135 2023.0.135 2023-04-302023-04-302022-06-01falseNo description of principal activity41falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13412816 2022-06-01 2023-04-30 13412816 2021-05-21 2022-05-31 13412816 2023-04-30 13412816 2022-05-31 13412816 c:Director1 2022-06-01 2023-04-30 13412816 d:FreeholdInvestmentProperty 2022-06-01 2023-04-30 13412816 d:FreeholdInvestmentProperty 2023-04-30 13412816 d:CurrentFinancialInstruments 2023-04-30 13412816 d:CurrentFinancialInstruments 2022-05-31 13412816 d:Non-currentFinancialInstruments 2023-04-30 13412816 d:Non-currentFinancialInstruments 2022-05-31 13412816 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 13412816 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 13412816 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 13412816 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 13412816 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 13412816 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-05-31 13412816 d:ShareCapital 2023-04-30 13412816 d:ShareCapital 2022-05-31 13412816 d:RetainedEarningsAccumulatedLosses 2023-04-30 13412816 d:RetainedEarningsAccumulatedLosses 2022-05-31 13412816 c:FRS102 2022-06-01 2023-04-30 13412816 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-04-30 13412816 c:FullAccounts 2022-06-01 2023-04-30 13412816 c:PrivateLimitedCompanyLtd 2022-06-01 2023-04-30 13412816 6 2022-06-01 2023-04-30 13412816 e:PoundSterling 2022-06-01 2023-04-30 iso4217:GBP xbrli:pure

Registered number: 13412816









BRINAT HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 APRIL 2023

 
BRINAT HOLDINGS LIMITED
REGISTERED NUMBER: 13412816

BALANCE SHEET
AS AT 30 APRIL 2023

30 April
31 May
2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
6
6

Investment property
 5 
5,727,815
-

  
5,727,821
6

Current assets
  

Debtors: amounts falling due within one year
 6 
9,870
-

Cash at bank and in hand
 7 
31,260
4

  
41,130
4

Creditors: amounts falling due within one year
 8 
(821,676)
-

Net current (liabilities)/assets
  
 
 
(780,546)
 
 
4

Total assets less current liabilities
  
4,947,275
10

Creditors: amounts falling due after more than one year
 9 
(2,902,374)
-

  

Net assets
  
2,044,901
10


Capital and reserves
  

Called up share capital 
  
1,965,010
10

Profit and loss account
  
79,891
-

  
2,044,901
10


Page 1

 
BRINAT HOLDINGS LIMITED
REGISTERED NUMBER: 13412816
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 July 2024.




N Kugapala
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
BRINAT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

1.


General information

Brinat Holdings Limited is a private company, limited by shares and incorporated in England and Wales,
United Kingdom, with a registration number 13412816. The address of the registered office is 31 Herbert Road, Emerson Park, Hornchurch, Essex, RM11 3LH. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

Page 3

 
BRINAT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and Loss Account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Page 4

 
BRINAT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

2.Accounting policies (continued)


2.11
Financial instruments (continued)

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Page 5

 
BRINAT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

2.Accounting policies (continued)


2.11
Financial instruments (continued)

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees




The average monthly number of employees, including the directors, during the period was as follows:


Period ended 30 April 
     Period ended
        31 May
        2023
        2022
            No.
            No.







Directors
4
1


4.


Fixed asset investments








Investments in subsidiary companies

£



Cost or valuation


At 1 June 2022
6



At 30 April 2023
6




Page 6

 
BRINAT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

5.


Investment property





Investment property

£



Valuation


Additions at cost
5,727,815



At 30 April 2023
5,727,815

The 2023 valuations were made by the directors, on an open market value for existing use basis.



At 30 April 2023





6.


Debtors

30 April
31 May
2023
2022
£
£


Trade debtors
9,870
-

9,870
-



7.


Cash and cash equivalents

30 April
31 May
2023
2022
£
£

Cash at bank and in hand
31,260
4

31,260
4


Page 7

 
BRINAT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

8.


Creditors: Amounts falling due within one year

30 April
31 May
2023
2022
£
£

Bank loans
480,437
-

Amounts owed to subsisdiary
62,815
-

Corporation tax
25,000
-

Other creditors
250,844
-

Accruals and deferred income
2,580
-

821,676
-



9.


Creditors: Amounts falling due after more than one year

30 April
31 May
2023
2022
£
£

Bank loans
2,902,374
-

2,902,374
-


Page 8

 
BRINAT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

10.


Loans


Analysis of the maturity of loans is given below:


30 April
31 May
2023
2022
£
£

Amounts falling due within one year

Bank loans
480,437
-


480,437
-

Amounts falling due 1-2 years

Bank loans
2,902,374
-


2,902,374
-



3,382,811
-


The loans are secured against properties owned by the company. 


11.


Related party transactions

At the year end an amount of £250,205 (2022 : £Nil) was payable to key management personnel.
At the year end an amount of £52,945 (2022 :£Nil) was payable to entities under the control of key managment personnel.


12.


Controlling party

The company is controlled by the G Kugapala and N Kugapal by their shareholding in the company.

 
Page 9