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REGISTERED NUMBER: 05077017 (England and Wales)















Unaudited Financial Statements

for the Period 6 April 2023 to 31 March 2024

for

BRITTANIC PROPERTIES (LONDON) LIMITED

BRITTANIC PROPERTIES (LONDON) LIMITED (REGISTERED NUMBER: 05077017)

Contents of the Financial Statements
for the Period 6 April 2023 to 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

BRITTANIC PROPERTIES (LONDON) LIMITED

Company Information
for the Period 6 April 2023 to 31 March 2024







DIRECTORS: C S CHANDHOK
Ms S K Chandhok
Mrs M K Anand





SECRETARY: Ms S K Chandhok





REGISTERED OFFICE: 12 Woodside Avenue
London
N12 8BG





REGISTERED NUMBER: 05077017 (England and Wales)





ACCOUNTANTS: Malshahz Accountants
27 Russell Road
Whetstone
London
N20 0TN

BRITTANIC PROPERTIES (LONDON) LIMITED (REGISTERED NUMBER: 05077017)

Balance Sheet
31 March 2024

31.3.24 5.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,892,179 2,905,540

CURRENT ASSETS
Debtors 5 140,100 -
Cash at bank 41,537 284,061
181,637 284,061
CREDITORS
Amounts falling due within one year 6 (608,138 ) (523,330 )
NET CURRENT LIABILITIES (426,501 ) (239,269 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,465,678

2,666,271

CREDITORS
Amounts falling due after more than one
year

7

(1,066,023

)

(1,271,694

)
NET ASSETS 1,399,655 1,394,577

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,398,655 1,393,577
SHAREHOLDERS' FUNDS 1,399,655 1,394,577

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BRITTANIC PROPERTIES (LONDON) LIMITED (REGISTERED NUMBER: 05077017)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 22 July 2024 and were signed on its behalf by:





C S CHANDHOK - Director


BRITTANIC PROPERTIES (LONDON) LIMITED (REGISTERED NUMBER: 05077017)

Notes to the Financial Statements
for the Period 6 April 2023 to 31 March 2024


1. STATUTORY INFORMATION

Brittanic Properties (London) 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 rents receivable excluding Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - in accordance with the property
Computer equipment - 25% on reducing balance

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold Motor Computer
property vehicles equipment Totals
£    £    £    £   
COST OR VALUATION
At 6 April 2023
and 31 March 2024 2,962,762 45,319 1,929 3,010,010
DEPRECIATION
At 6 April 2023 102,600 - 1,870 104,470
Charge for period 8,814 4,532 15 13,361
At 31 March 2024 111,414 4,532 1,885 117,831
NET BOOK VALUE
At 31 March 2024 2,851,348 40,787 44 2,892,179
At 5 April 2023 2,860,162 45,319 59 2,905,540

BRITTANIC PROPERTIES (LONDON) LIMITED (REGISTERED NUMBER: 05077017)

Notes to the Financial Statements - continued
for the Period 6 April 2023 to 31 March 2024


4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2024 is represented by:

Freehold Motor Computer
property vehicles equipment Totals
£    £    £    £   
Valuation in 1 400,000 - - 400,000
Valuation in 2 800,000 - - 800,000
Cost 1,762,762 45,319 1,929 1,810,010
2,962,762 45,319 1,929 3,010,010

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.3.24 5.4.23
£    £   
Cost 1,762,762 1,762,762
Aggregate depreciation 93,786 93,786

Value of land in freehold land and buildings 1,300,000 1,300,000

Freehold land and building were valued on an open market basis on 31 March 2021 by Directors of the company. .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 5.4.23
£    £   
Other debtors 140,100 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 5.4.23
£    £   
Bank loans and overdrafts 22,070 39,250
Trade creditors 7,200 -
Taxation and social security 5,397 1,297
Other creditors 573,471 482,783
608,138 523,330

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 5.4.23
£    £   
Bank loans 1,066,023 1,271,694

BRITTANIC PROPERTIES (LONDON) LIMITED

Report of the Accountants to the Directors of
Brittanic Properties (London) Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 31 March 2024 set out on pages two to five and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Malshahz Accountants
27 Russell Road
Whetstone
London
N20 0TN


22 July 2024