IRIS Accounts Production v24.1.9.2 03820451 director 1.9.22 31.8.23 31.8.23 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh038204512022-08-31038204512023-08-31038204512022-09-012023-08-31038204512021-08-31038204512021-09-012022-08-31038204512022-08-3103820451ns15:EnglandWales2022-09-012023-08-3103820451ns14:PoundSterling2022-09-012023-08-3103820451ns10:Director12022-09-012023-08-3103820451ns10:PrivateLimitedCompanyLtd2022-09-012023-08-3103820451ns10:SmallEntities2022-09-012023-08-3103820451ns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3103820451ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-3103820451ns10:AbridgedAccounts2022-09-012023-08-3103820451ns10:OrdinaryShareClass12022-09-012023-08-3103820451ns10:CompanySecretary12022-09-012023-08-3103820451ns10:RegisteredOffice2022-09-012023-08-3103820451ns5:CurrentFinancialInstruments2023-08-3103820451ns5:CurrentFinancialInstruments2022-08-3103820451ns5:Non-currentFinancialInstruments2023-08-3103820451ns5:Non-currentFinancialInstruments2022-08-3103820451ns5:ShareCapital2023-08-3103820451ns5:ShareCapital2022-08-3103820451ns5:RevaluationReserve2023-08-3103820451ns5:RevaluationReserve2022-08-3103820451ns5:RetainedEarningsAccumulatedLosses2023-08-3103820451ns5:RetainedEarningsAccumulatedLosses2022-08-3103820451ns10:OrdinaryShareClass12023-08-3103820451ns5:RevaluationReserve2022-08-31
REGISTERED NUMBER: 03820451 (England and Wales)















BRONZE INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023






BRONZE INVESTMENTS LIMITED (REGISTERED NUMBER: 03820451)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


BRONZE INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: Julius Hans Agbor





SECRETARY: Rotherwick Directors Limited





REGISTERED OFFICE: 79 College Road
Harrow
Middlesex
HA1 1BD





REGISTERED NUMBER: 03820451 (England and Wales)





ACCOUNTANTS: Joseph Kahan Associates LLP
Chartered Accountants
923 Finchley Road
London
NW11 7PE

BRONZE INVESTMENTS LIMITED (REGISTERED NUMBER: 03820451)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 86 115
Investment property 5 2,650,000 3,650,000
2,650,086 3,650,115

CURRENT ASSETS
Debtors 4,300 -
Cash at bank 189,381 46,924
193,681 46,924
CREDITORS
Amounts falling due within one year 190,803 69,711
NET CURRENT ASSETS/(LIABILITIES) 2,878 (22,787 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,652,964

3,627,328

CREDITORS
Amounts falling due after more than one
year

6

(27,696

)

(911,529

)

PROVISIONS FOR LIABILITIES (490,252 ) (490,252 )
NET ASSETS 2,135,016 2,225,547

CAPITAL AND RESERVES
Called up share capital 7 100 100
Revaluation reserve 8 1,359,001 1,733,316
Retained earnings 775,915 492,131
SHAREHOLDERS' FUNDS 2,135,016 2,225,547

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.

BRONZE INVESTMENTS LIMITED (REGISTERED NUMBER: 03820451)

ABRIDGED STATEMENT OF FINANCIAL POSITION - 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 18 June 2024 and were signed by:





Julius Hans Agbor - Director


BRONZE INVESTMENTS LIMITED (REGISTERED NUMBER: 03820451)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023


1. STATUTORY INFORMATION

Bronze Investments 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 rental income receivable.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and 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 profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term 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.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Interest income

Interest income is recognised in profit or loss using the effective interest method.


BRONZE INVESTMENTS LIMITED (REGISTERED NUMBER: 03820451)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2022
and 31 August 2023 10,700
DEPRECIATION
At 1 September 2022 10,585
Charge for year 29
At 31 August 2023 10,614
NET BOOK VALUE
At 31 August 2023 86
At 31 August 2022 115

BRONZE INVESTMENTS LIMITED (REGISTERED NUMBER: 03820451)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 September 2022 3,650,000
Disposals (1,000,000 )
At 31 August 2023 2,650,000
NET BOOK VALUE
At 31 August 2023 2,650,000
At 31 August 2022 3,650,000

The director is of the opinion that the fair value of the investment properties as at the year end was £2,650,000 (2022: £3,650,000).

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   
Repayable by instalments
Bank Loan more than 5 year - 884,436

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Revaluation
reserve
£   
At 1 September 2022 1,733,316
Non Distributable Reserves (374,315 )

At 31 August 2023 1,359,001