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REGISTERED NUMBER: 09208449 (England and Wales)















Brar.Sterling-Heights Limited

Unaudited Financial Statements for the Year Ended 31 October 2023






Brar.Sterling-Heights Limited (Registered number: 09208449)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Brar.Sterling-Heights Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: D S Brar





REGISTERED OFFICE: Warwick House
Park Corner Road
Betsham
Southfleet
Kent
DA13 9LN





REGISTERED NUMBER: 09208449 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Brar.Sterling-Heights Limited (Registered number: 09208449)

Statement of Financial Position
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,963 14,617
Investments 5 2 2
Investment property 6 18,135,000 18,135,000
18,145,965 18,149,619

CURRENT ASSETS
Debtors 7 133,822 118,854
Cash at bank 53,132 95,946
186,954 214,800
CREDITORS
Amounts falling due within one year 8 8,010,371 7,837,202
NET CURRENT LIABILITIES (7,823,417 ) (7,622,402 )
TOTAL ASSETS LESS CURRENT LIABILITIES 10,322,548 10,527,217

CREDITORS
Amounts falling due after more than one
year

9

(3,800,052

)

(3,366,398

)

PROVISIONS FOR LIABILITIES (1,189,980 ) (1,264,028 )
NET ASSETS 5,332,516 5,896,791

CAPITAL AND RESERVES
Called up share capital 200 200
Fair value reserve 5,407,131 5,825,214
Retained earnings (74,815 ) 71,377
5,332,516 5,896,791

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Brar.Sterling-Heights Limited (Registered number: 09208449)

Statement of Financial Position - continued
31 October 2023


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 30 July 2024 and were signed by:





D S Brar - Director


Brar.Sterling-Heights Limited (Registered number: 09208449)

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

1. STATUTORY INFORMATION

Brar.Sterling-Heights 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.

Income
Income is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes and is recognised when they are initially to it, usually on the rendering of an invoice.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit or loss.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable with changes recognised in profit or loss.

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.

Brar.Sterling-Heights Limited (Registered number: 09208449)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022
and 31 October 2023 25,985
DEPRECIATION
At 1 November 2022 11,368
Charge for year 3,654
At 31 October 2023 15,022
NET BOOK VALUE
At 31 October 2023 10,963
At 31 October 2022 14,617

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2022
and 31 October 2023 2
NET BOOK VALUE
At 31 October 2023 2
At 31 October 2022 2

Fixed assets investments were valued by the director at fair value on 31 October 2023.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 18,135,000
Additions 492,131
Revaluations (492,131 )
At 31 October 2023 18,135,000
NET BOOK VALUE
At 31 October 2023 18,135,000
At 31 October 2022 18,135,000

Brar.Sterling-Heights Limited (Registered number: 09208449)

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

6. INVESTMENT PROPERTY - continued

Investment properties were valued by the director at fair value on 31 October 2023.

7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 46,910 38,292
Other debtors 79,340 71,012
126,250 109,304

Amounts falling due after more than one year:
Amounts recoverable on leases 7,572 9,550

Aggregate amounts 133,822 118,854

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,456,195 1,465,995
Trade creditors 58,740 58,740
Taxation and social security - 22,404
Other creditors 6,495,436 6,290,063
8,010,371 7,837,202

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 3,800,052 3,366,398

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 5,210,604 4,786,749

Svenska Handlesbanken AB (PUBL) has fixed and floating charges over the company's assets.