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REGISTERED NUMBER: 07458081 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

BRAVENDER PROPERTY LIMITED

BRAVENDER PROPERTY LIMITED (REGISTERED NUMBER: 07458081)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRAVENDER PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr Brian Thompson
Miss Samantha Jane Boothby





SECRETARY: Miss Samantha Jane Boothby





REGISTERED OFFICE: Beacon Works
Barmoor Lane
Scalby
Scarborough
YO13 0RB





REGISTERED NUMBER: 07458081 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU

BRAVENDER PROPERTY LIMITED (REGISTERED NUMBER: 07458081)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,683 3,156
Investment property 5 3,267,000 3,215,000
3,269,683 3,218,156

CURRENT ASSETS
Debtors 6 10,871 10,647
Cash at bank 65,330 57,545
76,201 68,192
CREDITORS
Amounts falling due within one year 7 617,051 804,570
NET CURRENT LIABILITIES (540,850 ) (736,378 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,728,833 2,481,778

PROVISIONS FOR LIABILITIES 8 275,808 264,406
NET ASSETS 2,453,025 2,217,372

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 992,626 958,632
Retained earnings 1,460,299 1,258,640
2,453,025 2,217,372

BRAVENDER PROPERTY LIMITED (REGISTERED NUMBER: 07458081)

BALANCE SHEET - continued
31 MARCH 2024


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

The members have not required the company to obtain an audit of its financial statements for the year 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.

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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by:





Mr Brian Thompson - Director


BRAVENDER PROPERTY LIMITED (REGISTERED NUMBER: 07458081)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Bravender Property 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The level of rounding used in the financial statements is to the nearest £1.

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
The turnover shown in the profit and loss account represents the total invoice value of rents receivable during the year. Rental income is recognised in the profit and loss account on an accruals basis in the period to which the rents relate.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Investment property
Investment properties are properties held to earn rentals or for capital appreciation or both.

Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in the profit and loss in the period in which they arise. Deferred taxation is provided on these gains.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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 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.

BRAVENDER PROPERTY LIMITED (REGISTERED NUMBER: 07458081)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Going concern - basis of preparation
In assessing the appropriateness of the application of the going concern basis, the directors have considered the uncertainties around the general economic environment, the current and future trading performance of the company and the available cash. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, accordingly they continues to adopt the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 10,775
DEPRECIATION
At 1 April 2023 7,619
Charge for year 473
At 31 March 2024 8,092
NET BOOK VALUE
At 31 March 2024 2,683
At 31 March 2023 3,156

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 3,215,000
Additions 6,674
Revaluations 45,326
At 31 March 2024 3,267,000
NET BOOK VALUE
At 31 March 2024 3,267,000
At 31 March 2023 3,215,000

BRAVENDER PROPERTY LIMITED (REGISTERED NUMBER: 07458081)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. INVESTMENT PROPERTY - continued

Investment properties included at fair value would have been included on a historical cost basis at:

2024 2023
£ £

Cost 1,992,562 1,992,562

The completed investment properties are stated at fair value in accordance with the requirements of Section 1A ''Small Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland''.

The investment properties have been valued by a professional valuer at fair value taking into account existing tenancy arrangements.


During the year an increase in the fair value of investment properties of £45,326 has been included directly in the profit and loss account.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,418 3,840
Other debtors 6,453 6,807
10,871 10,647

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,493 4,443
Taxation and social security 70,818 46,508
Other creditors 543,740 753,619
617,051 804,570

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 671 600
Deferred tax 275,137 263,806
275,808 264,406

Deferred
tax
£   
Balance at 1 April 2023 264,406
Provided during year 11,402
Balance at 31 March 2024 275,808

BRAVENDER PROPERTY LIMITED (REGISTERED NUMBER: 07458081)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. RESERVES
Fair
value
reserve
£   
At 1 April 2023 958,632
Revaluation of investment property 33,994

At 31 March 2024 992,626

10. RELATED PARTY TRANSACTIONS

The company has taken advantage of the exemption conferred by section 1AC.35 of FRS 102 Section 1A not to disclose transactions with wholly owned group members.

11. CONTROLLING PARTY

The company is a wholly owned subsidiary of Thompson Property (Yorkshire) Holdings Limited, whose company reference is 13131504 and who's registered office and principal place of business is Beacon Works Barmoor Lane, Scalby, Scarborough, United Kingdom, YO13 0RB

Thompson Property (Yorkshire) Holdings Limited is under the control of its director Mr B Thompson, and as such he is deemed the ultimate controlling party.