BRESKAL ESTATES LIMITED 13146105 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is that of buying and sellling own real estate. Digita Accounts Production Advanced 6.30.9574.0 true true 13146105 2023-02-01 2024-01-31 13146105 2024-01-31 13146105 bus:OrdinaryShareClass1 2024-01-31 13146105 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 13146105 bus:SmallEntities 2023-02-01 2024-01-31 13146105 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 13146105 bus:FilletedAccounts 2023-02-01 2024-01-31 13146105 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 13146105 bus:RegisteredOffice 2023-02-01 2024-01-31 13146105 bus:Director1 2023-02-01 2024-01-31 13146105 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 13146105 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13146105 countries:England 2023-02-01 2024-01-31 13146105 2023-01-31 13146105 2022-02-01 2023-01-31 13146105 2023-01-31 13146105 bus:OrdinaryShareClass1 2023-01-31 13146105 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13146105

BRESKAL ESTATES LIMITED

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 January 2024

 

BRESKAL ESTATES LIMITED

Contents

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

BRESKAL ESTATES LIMITED

Company Information

Director

Mr B Breskal

Registered office

6 Parkgate Avenue
Barnet
Herts
EN4 0NR

Accountants

Mawson Breskal & Co
6 Parkgate Avenue
Barnet
Herts
EN4 0NR

 

BRESKAL ESTATES LIMITED

(Registration number: 13146105)
Abridged Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

366,375

366,375

Current assets

 

Cash at bank and in hand

 

20,209

11,247

Creditors: Amounts falling due within one year

(370,816)

(368,512)

Net current liabilities

 

(350,607)

(357,265)

Net assets

 

15,768

9,110

Capital and reserves

 

Called up share capital

6

1

1

Retained earnings

15,767

9,109

Shareholders' funds

 

15,768

9,110

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 31 August 2024
 

.........................................
Mr B Breskal
Director

 

BRESKAL ESTATES LIMITED

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
6 Parkgate Avenue
Barnet
Herts
EN4 0NR
United Kingdom

These financial statements were authorised for issue by the director on 31 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

BRESKAL ESTATES LIMITED

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the director. The director uses observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4

Tangible assets

Cost or valuation

Depreciation

Carrying amount

At 31 January 2024

Investment properties

2024
£

At 1 February

366,375

 

BRESKAL ESTATES LIMITED

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

There property was valued by the directors and arrived at by reference to market evidence of transaction prices and completed lettings for similar properties. Properties are valued individually and not as part of a portfolio and no allowance is made for the epxenses of realisation. They assume a willing buyer and a willing seller in an amr's lenght transaction. The valuation reflects usual deductions in respect of purchase costs and SDLT as applicable at the valuation date.

There has been no valuation of investment property by an independent valuer.

5

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1