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REGISTERED NUMBER: 09280970 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31st March 2024

for

Brigg Properties Ltd

Brigg Properties Ltd (Registered number: 09280970)






Contents of the Financial Statements
for the year ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

Brigg Properties Ltd

Company Information
for the year ended 31st March 2024







DIRECTOR: Mrs P L Goodwin





REGISTERED OFFICE: Founders House
25 Church Street
Elsham
Brigg
North Lincolnshire
DN20 0RG





REGISTERED NUMBER: 09280970 (England and Wales)





ACCOUNTANTS: Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX

Brigg Properties Ltd (Registered number: 09280970)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 501,000 498,000

CURRENT ASSETS
Cash at bank 10,946 7,724

CREDITORS
Amounts falling due within one year 5 304,916 312,417
NET CURRENT LIABILITIES (293,970 ) (304,693 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

207,030

193,307

PROVISIONS FOR LIABILITIES 42,101 31,426
NET ASSETS 164,929 161,881

CAPITAL AND RESERVES
Called up share capital 6 100 100
Non-distributable profit and loss reserve 126,301 133,976
Retained earnings 38,528 27,805
SHAREHOLDERS' FUNDS 164,929 161,881

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

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

The director acknowledges her 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 7th October 2024 and were signed by:



Mrs P L Goodwin - Director


Brigg Properties Ltd (Registered number: 09280970)

Notes to the Financial Statements
for the year ended 31st March 2024

1. STATUTORY INFORMATION

Brigg 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.

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


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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss and transferred to a non-distributable reserve.

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 (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023 498,000
Revaluations 3,000
At 31st March 2024 501,000
NET BOOK VALUE
At 31st March 2024 501,000
At 31st March 2023 498,000

Brigg Properties Ltd (Registered number: 09280970)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

4. INVESTMENT PROPERTY - continued


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 2,750 1,856
Other creditors 302,166 310,561
304,916 312,417

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
17 Ordinary A £1 17 17
17 Ordinary B £1 17 17
33 Ordinary C £1 33 33
33 Ordinary D £1 33 33
100 100

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Brigg Properties Ltd

The following reproduces the text of the report prepared for the director 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 Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Brigg Properties Ltd for the year ended 31st March 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Brigg Properties Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Brigg Properties Ltd and state those matters that we have agreed to state to the director of Brigg Properties Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Brigg Properties Ltd and its director for our work or for this report.

It is your duty to ensure that Brigg Properties Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Brigg Properties Ltd. You consider that Brigg Properties Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Brigg Properties Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX


7th October 2024