2 31/10/2023 2023-10-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2022-11-01 Sage Accounts Production 23.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 13669763 2022-11-01 2023-10-31 13669763 2023-10-31 13669763 2022-10-31 13669763 2021-11-01 2022-10-31 13669763 2022-10-31 13669763 2021-10-31 13669763 bus:Director1 2022-11-01 2023-10-31 13669763 core:LandBuildings core:OwnedOrFreeholdAssets 2023-10-31 13669763 core:ShareCapital 2021-11-01 2022-10-31 13669763 core:RetainedEarningsAccumulatedLosses 2021-11-01 2022-10-31 13669763 core:RetainedEarningsAccumulatedLosses 2022-11-01 2023-10-31 13669763 core:WithinOneYear 2023-10-31 13669763 core:WithinOneYear 2022-10-31 13669763 core:ShareCapital 2023-10-31 13669763 core:ShareCapital 2022-10-31 13669763 core:RetainedEarningsAccumulatedLosses 2023-10-31 13669763 core:RetainedEarningsAccumulatedLosses 2022-10-31 13669763 core:LandBuildings core:OwnedOrFreeholdAssets 2022-10-31 13669763 bus:SmallEntities 2022-11-01 2023-10-31 13669763 bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 13669763 bus:FullAccounts 2022-11-01 2023-10-31 13669763 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 13669763 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31
Company registration number: 13669763
Brogden Properties Ltd
Trading as Brogden Properties Ltd
Unaudited filleted financial statements
31 October 2023
Brogden Properties Ltd
Contents
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Brogden Properties Ltd
Statement of financial position
31 October 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 365,379 365,379
_______ _______
365,379 365,379
Current assets
Debtors 6 100,000 -
Cash at bank and in hand 13,003 -
_______ _______
113,003 -
Creditors: amounts falling due
within one year 7 ( 397,285) ( 325,416)
_______ _______
Net current liabilities ( 284,282) ( 325,416)
_______ _______
Total assets less current liabilities 81,097 39,963
_______ _______
Net assets 81,097 39,963
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 80,997 39,863
_______ _______
Shareholders funds 81,097 39,963
_______ _______
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 29 July 2024 , and are signed on behalf of the board by:
Mr Alec Steven Moorhouse
Director
Company registration number: 13669763
Brogden Properties Ltd
Statement of changes in equity
Year ended 31 October 2023
Called up share capital Profit and loss account Total
£ £ £
At 1 November 2021 - - -
Profit for the year 39,863 39,863
_______ _______ _______
Total comprehensive income for the year - 39,863 39,863
Issue of shares 100 100
_______ _______ _______
Total investments by and distributions to owners 100 - 100
_______ _______ _______
At 31 October 2022 and 1 November 2022 100 39,863 39,963
Profit for the year 41,134 41,134
_______ _______ _______
Total comprehensive income for the year - 41,134 41,134
_______ _______ _______
At 31 October 2023 100 80,997 81,097
_______ _______ _______
Brogden Properties Ltd
Notes to the financial statements
Year ended 31 October 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Four Columns, Broughton Hall Business Park, Skipton, North Yorkshire, BD23 1AE.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or received or receivable for the services rendered, net of discounts and Value Added Tax.Revenue from the provision of services is recognised in the period in which the services are provided when all of the following conditions are satisfied; the amount of revenue can be measured reliably; it is probable that the economic benefits associated with the transaction will flow to the entity; the stage of completion of the transaction at the end of the reporting period can be measured reliably and the costs incurred and costs to complete the transaction can be measured reliably.
Taxation
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.Tax deferred or accelerated is accounted for in respect of all material timing differences, in particular accelerated capital allowances and revaluation gains on investment properties. All deferred tax is charged/(credited) to the Statement of Income and Retained Earnings.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method. Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Tangible assets
Freehold property Total
£ £
Cost
At 1 November 2022 and 31 October 2023 365,379 365,379
_______ _______
Depreciation
At 1 November 2022 and 31 October 2023 - -
_______ _______
Carrying amount
At 31 October 2023 365,379 365,379
_______ _______
At 31 October 2022 365,379 365,379
_______ _______
6. Debtors
2023 2022
£ £
Other debtors 100,000 -
_______ _______
7. Creditors: amounts falling due within one year
2023 2022
£ £
Corporation tax 9,756 9,351
Other creditors 387,529 316,065
_______ _______
397,285 325,416
_______ _______