Acorah Software Products - Accounts Production 15.0.600 false true 5 April 2023 6 April 2022 false 6 April 2023 5 April 2024 5 April 2024 00636360 Mr George Theodosiou Mr John Theodosiou Mrs Linda Rich Mr John Theodosiou iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00636360 2023-04-05 00636360 2024-04-05 00636360 2023-04-06 2024-04-05 00636360 frs-core:Non-currentFinancialInstruments 2024-04-05 00636360 frs-core:FurnitureFittings 2023-04-06 2024-04-05 00636360 frs-core:SharePremium 2024-04-05 00636360 frs-core:ShareCapital 2024-04-05 00636360 frs-core:RetainedEarningsAccumulatedLosses 2024-04-05 00636360 frs-bus:PrivateLimitedCompanyLtd 2023-04-06 2024-04-05 00636360 frs-bus:AbridgedAccounts 2023-04-06 2024-04-05 00636360 frs-bus:SmallEntities 2023-04-06 2024-04-05 00636360 frs-bus:AuditExempt-NoAccountantsReport 2023-04-06 2024-04-05 00636360 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-06 2024-04-05 00636360 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-04-05 00636360 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-04-05 00636360 frs-bus:Director1 2023-04-06 2024-04-05 00636360 frs-bus:Director1 2023-04-05 00636360 frs-bus:Director1 2024-04-05 00636360 frs-bus:Director2 2023-04-06 2024-04-05 00636360 frs-bus:Director2 2023-04-05 00636360 frs-bus:Director2 2024-04-05 00636360 frs-bus:Director3 2023-04-06 2024-04-05 00636360 frs-bus:CompanySecretary1 2023-04-06 2024-04-05 00636360 frs-countries:EnglandWales 2023-04-06 2024-04-05 00636360 2022-04-05 00636360 2023-04-05 00636360 2022-04-06 2023-04-05 00636360 frs-core:Non-currentFinancialInstruments 2023-04-05 00636360 frs-core:SharePremium 2023-04-05 00636360 frs-core:ShareCapital 2023-04-05 00636360 frs-core:RetainedEarningsAccumulatedLosses 2023-04-05 00636360 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-04-05
Registered number: 00636360
Brent Street Properties Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 5 April 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 00636360
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,575,571 2,575,756
2,575,571 2,575,756
CURRENT ASSETS
Debtors 32,640 123,378
Cash at bank and in hand 194,027 75,183
226,667 198,561
Creditors: Amounts Falling Due Within One Year (82,167 ) (78,527 )
NET CURRENT ASSETS (LIABILITIES) 144,500 120,034
TOTAL ASSETS LESS CURRENT LIABILITIES 2,720,071 2,695,790
Creditors: Amounts Falling Due After More Than One Year (63,418 ) (72,598 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (130 ) (189 )
NET ASSETS 2,656,523 2,623,003
CAPITAL AND RESERVES
Called up share capital 6 112 112
Share premium account 199,988 199,988
Fair Value Reserve 8 (478,434 ) (478,434 )
Profit and Loss Account 2,934,857 2,901,337
SHAREHOLDERS' FUNDS 2,656,523 2,623,003
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Page 2
For the year ending 5 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 5 April 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr John Theodosiou
Director
13/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Brent Street Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00636360 . The registered office is Units 1-2 Warrior Court, 9-11 Mumby Road, Gosport, Hampshire, PO12 1BS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from rental income and service charges.
The cost of lease incentives are recognied as a reduction to income over the lease term on a straight line basis. 
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 15% on cost
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. 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.
...CONTINUED
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2.5. Taxation - continued
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. Average Number of Employees
The average number of persons employed under contracts of service during the year was:  NIL (2023: NIL)
- -
4. Tangible Assets
Total
£
Cost or Valuation
As at 6 April 2023 2,577,062
As at 5 April 2024 2,577,062
Depreciation
As at 6 April 2023 1,306
Provided during the period 185
As at 5 April 2024 1,491
Net Book Value
As at 5 April 2024 2,575,571
As at 6 April 2023 2,575,756
5. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured.
The bank loans are secured against the properties to which the loan relates to. 
2024 2023
£ £
Bank loans and overdrafts 72,598 81,373
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 112 112
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7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 6 April 2023 Amounts advanced Amounts repaid Amounts written off As at 5 April 2024
£ £ £ £ £
Mr George Theodosiou 5,501 25,503 (25,000 ) - 6,004
Mr John Theodosiou (5,493 ) 61,129 (50,665 ) - 4,971
Beneficial loan interest has been charged on Mr J Theodosiou's overdrawn loan account at a rate of 2.25% p.a. totalling £750 (2023: £0).
Beneficial loan interest has been charged on Mr G Theodosiou's overdrawn loan account at a rate of 2.25% p.a. totalling £503 (2023: £202).
8. Reserves
Fair Value Reserve
£
As at 6 April 2023 (478,434 )
As at 5 April 2024 (478,434 )
9. Related Party Transactions
An interest free loan of £70,000 (2023: £70,000), repayable on demand, was made to Alverstoke Property Investments Limited in which a member of key management has significant influence in the year ended 5 April 2023. The whole loan was paid in full by 5 April 2024.
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