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REGISTERED NUMBER: 06926531 (England and Wales)
























Financial Statements

for the Year Ended 31 August 2023

for

Brand Builders & Developers Limited

Brand Builders & Developers Limited (Registered number: 06926531)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Brand Builders & Developers Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: M P Brand





SECRETARY: Mrs S A Brand





REGISTERED OFFICE: 140 Rayne Road
Braintree
Essex
CM7 2QR





BUSINESS ADDRESS: 18 Coggeshall Road
Braintree
Essex
CM7 9BY





REGISTERED NUMBER: 06926531 (England and Wales)





ACCOUNTANTS: Baverstocks Group Limited
140 Rayne Road
Braintree
Essex
CM7 2QR

Brand Builders & Developers Limited (Registered number: 06926531)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,986 2,422
Investment property 5 649,726 -
651,712 2,422

CURRENT ASSETS
Stocks 70,000 473,750
Debtors 6 642,522 1,109,506
Cash at bank 3,361 438
715,883 1,583,694
CREDITORS
Amounts falling due within one year 7 1,808,733 1,804,807
NET CURRENT LIABILITIES (1,092,850 ) (221,113 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(441,138

)

(218,691

)

CREDITORS
Amounts falling due after more than one
year

8

17,502

27,500
NET LIABILITIES (458,640 ) (246,191 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (458,642 ) (246,193 )
SHAREHOLDERS' FUNDS (458,640 ) (246,191 )

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

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

Brand Builders & Developers Limited (Registered number: 06926531)

Balance Sheet - continued
31 August 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 6 August 2024 and were signed by:





M P Brand - Director


Brand Builders & Developers Limited (Registered number: 06926531)

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

1. STATUTORY INFORMATION

Brand Builders & Developers 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.

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.

Turnover
Turnover represents invoiced work done together with the amount recoverable on long term contracts at the balance sheet date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office & computer equipment - 25% on reducing balance

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

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Brand Builders & Developers Limited (Registered number: 06926531)

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

2. ACCOUNTING POLICIES - continued

Long term contracts
Turnover on long term contracts is determined on the basis of the proportion of work completed at the year end to the total contract value and is shown as recoverable on contracts.
Operating profit includes attributable profit on long term contracts.
Amounts recoverable on contracts are included under debtors due within one year.
Contract receipts in excess of amounts recoverable are classified as payments on account.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Office &
Plant & Motor computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2022 8,106 14,466 278 22,850
Additions 230 - - 230
At 31 August 2023 8,336 14,466 278 23,080
DEPRECIATION
At 1 September 2022 6,707 13,652 69 20,428
Charge for year 410 204 52 666
At 31 August 2023 7,117 13,856 121 21,094
NET BOOK VALUE
At 31 August 2023 1,219 610 157 1,986
At 31 August 2022 1,399 814 209 2,422

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 649,726
At 31 August 2023 649,726
NET BOOK VALUE
At 31 August 2023 649,726

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2023 649,726

Brand Builders & Developers Limited (Registered number: 06926531)

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

5. INVESTMENT PROPERTY - continued

If the investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 649,726 -

The investment property was valued on an open market basis basis on 31 August 2023 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 571 -
Amount recoverable on
contracts 637,890 1,096,645
Other debtors 4,061 12,861
642,522 1,109,506

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,165,749 688,461
Trade creditors 141,388 181,193
Tax 2,190 2,049
Social security and other taxes 50,494 46,305
Other creditors 99,156 91,599
In A/C: Bowergrange Estates
Limited 86,841 349,155
In A/C: Bowergrange Group
Holdings Limited 3,640 3,640
Directors' current accounts 255,975 439,255
Accrued expenses 3,300 3,150
1,808,733 1,804,807

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 7,502 17,500
17,502 27,500

Brand Builders & Developers Limited (Registered number: 06926531)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,183,251 715,961

The bank loans have been secured by separate charges on land owned by the company and the director, M P Brand.

10. RELATED PARTY DISCLOSURES

The director is a director and shareholder in Bowergrange Estates Limited and the holding company Bowergrange Group Holdings Limited.

During the period there has been the following trading activity between these companies:
Sales made by the company to Bowergrange Estates Limited amounted to £152,562 (2022: £39,875).
Purchase made from Bowergrange Estates Limited by the company amounted to £78,488 (2022:£96,096) (including items recharged by it at cost).

The following inter-company account balances are included in creditors:
Due to Bowergrange Estates Limited £86,841
Due to Bowergrange Group Holdings Limited £3,640.
No interest is charged on these inter-company account balances.

The company made sales/carried out work on property owned by the director in the year amounting to a value of £2,000 (2022: £40,500) and it sold a property at market value of £225,000. The director owed the company £637,890 at the balance sheet date shown as amounts recoverable on contracts for work carried out by the company on property owned by him.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the director, M P Brand, due to his shareholding in the parent company.