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REGISTERED NUMBER: 06819306 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

P BROGDEN PROPERTIES LIMITED

P BROGDEN PROPERTIES LIMITED (REGISTERED NUMBER: 06819306)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P BROGDEN PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: P Brogden
Mrs C A Brogden





REGISTERED OFFICE: Blaenmorlais Farm
Pengarnddu
Dowlais Top
Merthyr Tydfil
CF48 2TH





REGISTERED NUMBER: 06819306 (England and Wales)





ACCOUNTANTS: Baker Knoyle Chartered Accountants
Orbit Business Centre
Merthyr Tydfil
CF48 1DL

P BROGDEN PROPERTIES LIMITED (REGISTERED NUMBER: 06819306)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3 3
Tangible assets 5 59,847 18,260
Investments 6 500,000 -
Investment property 7 7,538,170 7,456,734
8,098,020 7,474,997

CURRENT ASSETS
Debtors 8 11,896 20,786
Cash at bank 106,981 500,333
118,877 521,119
CREDITORS
Amounts falling due within one year 9 54,385 78,276
NET CURRENT ASSETS 64,492 442,843
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,162,512

7,917,840

PROVISIONS FOR LIABILITIES 541,941 541,941
NET ASSETS 7,620,571 7,375,899

CAPITAL AND RESERVES
Called up share capital 3,807,005 3,807,005
Other reserves 2,290,659 2,290,659
Retained earnings 1,522,907 1,278,235
SHAREHOLDERS' FUNDS 7,620,571 7,375,899

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

P BROGDEN PROPERTIES LIMITED (REGISTERED NUMBER: 06819306)

BALANCE SHEET - continued
31 JANUARY 2024


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 Board of Directors and authorised for issue on 14 October 2024 and were signed on its behalf by:





P Brogden - Director


P BROGDEN PROPERTIES LIMITED (REGISTERED NUMBER: 06819306)

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

1. STATUTORY INFORMATION

P Brogden Properties 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.

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Business contracts are being amortised evenly over their estimated useful life of nil years.

Business intellectual property rights are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 25% on reducing balance

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.

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.

P BROGDEN PROPERTIES LIMITED (REGISTERED NUMBER: 06819306)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 1 2 3
NET BOOK VALUE
At 31 January 2024 1 2 3
At 31 January 2023 1 2 3

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 40,825
Additions 60,070
Disposals (29,250 )
At 31 January 2024 71,645
DEPRECIATION
At 1 February 2023 22,565
Charge for year 1,116
Eliminated on disposal (11,883 )
At 31 January 2024 11,798
NET BOOK VALUE
At 31 January 2024 59,847
At 31 January 2023 18,260

P BROGDEN PROPERTIES LIMITED (REGISTERED NUMBER: 06819306)

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

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 500,000
At 31 January 2024 500,000
NET BOOK VALUE
At 31 January 2024 500,000

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 7,456,734
Additions 81,436
At 31 January 2024 7,538,170
NET BOOK VALUE
At 31 January 2024 7,538,170
At 31 January 2023 7,456,734

The director considers the valuation of the Investment Properties to be £6,085,700 at the balance sheet date.

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,045 1,045
Other debtors 10,851 19,741
11,896 20,786

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,614 367
Taxation and social security 20,996 31,474
Other creditors 28,775 46,435
54,385 78,276

P BROGDEN PROPERTIES LIMITED (REGISTERED NUMBER: 06819306)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
P Brogden
Balance outstanding at start of year 5,085 21,545
Amounts advanced 10,834 22,934
Amounts repaid (15,000 ) (39,394 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 919 5,085

Mrs C A Brogden
Balance outstanding at start of year 5,085 21,545
Amounts advanced 10,834 22,934
Amounts repaid (15,000 ) (39,394 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 919 5,085