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REGISTERED NUMBER: 05205224 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

BRG PROPERTIES LTD

BRG PROPERTIES LTD (REGISTERED NUMBER: 05205224)






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


BRG PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: B S Ghuman





REGISTERED OFFICE: 5 Newton Square
Birmingham
West Midlands
B43 6DY





REGISTERED NUMBER: 05205224 (England and Wales)

BRG PROPERTIES LTD (REGISTERED NUMBER: 05205224)

BALANCE SHEET
31 AUGUST 2023

31/8/23 31/8/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 654,507 653,669

CURRENT ASSETS
Debtors 5 119,555 -
Cash at bank 39,892 389,948
159,447 389,948
CREDITORS
Amounts falling due within one year 6 53,355 253,584
NET CURRENT ASSETS 106,092 136,364
TOTAL ASSETS LESS CURRENT
LIABILITIES

760,599

790,033

CREDITORS
Amounts falling due after more than one
year

7

673,271

676,336
NET ASSETS 87,328 113,697

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 87,228 113,597
SHAREHOLDERS' FUNDS 87,328 113,697

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.

BRG PROPERTIES LTD (REGISTERED NUMBER: 05205224)

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 28 August 2024 and were signed by:





B S Ghuman - Director


BRG PROPERTIES LTD (REGISTERED NUMBER: 05205224)

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

1. STATUTORY INFORMATION

BRG Properties Ltd 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.

Turnover
Turnover represents the rental income received from properties during the year and derives from the provision of goods falling within the company's ordinary activities.

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 - not provided
Fixtures and fittings - 25% on reducing balance
Computer equipment - 20% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

BRG PROPERTIES LTD (REGISTERED NUMBER: 05205224)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 September 2022 653,664 750 - 654,414
Additions - - 1,049 1,049
At 31 August 2023 653,664 750 1,049 655,463
DEPRECIATION
At 1 September 2022 - 745 - 745
Charge for year - 1 210 211
At 31 August 2023 - 746 210 956
NET BOOK VALUE
At 31 August 2023 653,664 4 839 654,507
At 31 August 2022 653,664 5 - 653,669

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Other debtors 119,555 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Bank loans and overdrafts (see note 8) 19,288 19,288
Trade creditors 1,231 1,215
Tax 4,820 5,448
Directors' current accounts 26,846 226,463
Accrued expenses 1,170 1,170
53,355 253,584

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/8/23 31/8/22
£    £   
Bank loans (see note 8) 673,271 676,336

8. LOANS

An analysis of the maturity of loans is given below:

31/8/23 31/8/22
£    £   
Amounts falling due within one year or on demand:
Bank loans 19,288 19,288

BRG PROPERTIES LTD (REGISTERED NUMBER: 05205224)

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

8. LOANS - continued
31/8/23 31/8/22
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 115,728 96,440
Bounce Back Loan 45,279 48,344
Bank loans more 5 yrs 512,264 531,552
673,271 676,336

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/8/23 31/8/22
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 September 2022 113,597
Deficit for the year (26,369 )
At 31 August 2023 87,228