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Company Registration No. 12326900 (England and Wales)
Brunton Property Ltd Unaudited accounts for the year ended 30 November 2023
Brunton Property Ltd Unaudited accounts Contents
Page
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Brunton Property Ltd Company Information for the year ended 30 November 2023
Director
Jeff Brunton
Company Number
12326900 (England and Wales)
Registered Office
21 SAXON WAY WITNEY OX28 4ET ENGLAND
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
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Brunton Property Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
554,596 
554,596 
Current assets
Debtors
- 
2,193 
Cash at bank and in hand
2,956 
2,514 
2,956 
4,707 
Creditors: amounts falling due within one year
(89,444)
(96,353)
Net current liabilities
(86,488)
(91,646)
Total assets less current liabilities
468,108 
462,950 
Creditors: amounts falling due after more than one year
(470,548)
(470,548)
Net liabilities
(2,440)
(7,598)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(2,442)
(7,600)
Shareholders' funds
(2,440)
(7,598)
For the year ending 30 November 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 7 August 2024 and were signed on its behalf by
Jeff Brunton Director Company Registration No. 12326900
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Brunton Property Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Brunton Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 12326900. The registered office is 21 SAXON WAY, WITNEY, OX28 4ET, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Investment property
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.
Deferred taxation
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.
Going concern
The director has considered the effect of future events on the company and has determined that they do not create a material uncertainty that casts significant doubt upon the company's ability to continue as a going concern. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis.
4
Investment property
2023 
£ 
Fair value at 1 December 2022
554,596 
At 30 November 2023
554,596 
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Brunton Property Ltd Notes to the Accounts for the year ended 30 November 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Deferred tax asset
1,693 
Other debtors
- 
500 
- 
2,193 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
2,800 
- 
Loans from directors
86,285 
95,994 
Accruals
359 
359 
89,444 
96,353 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
469,223 
469,223 
Other creditors
1,325 
1,325 
470,548 
470,548 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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