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REGISTERED NUMBER: 07404417 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Brookmans Property Management Limited

Brookmans Property Management Limited (Registered number: 07404417)






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


Brookmans Property Management Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mrs J Patel





REGISTERED OFFICE: 4 Culford Gardens
London
SW3 2ST





REGISTERED NUMBER: 07404417 (England and Wales)





ACCOUNTANTS: Palak Services Limited
80 Woodrush Way
Chadwell Heath
Romford
Essex
RM6 5BL

Brookmans Property Management Limited (Registered number: 07404417)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Debtors 5 70,035 -
Cash at bank and in hand 136,394 248,050
206,429 248,050
CREDITORS
Amounts falling due within one year 6 10,428 44,844
NET CURRENT ASSETS 196,001 203,206
TOTAL ASSETS LESS CURRENT
LIABILITIES

196,001

203,206

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 196,000 203,205
SHAREHOLDERS' FUNDS 196,001 203,206

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 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.

Brookmans Property Management Limited (Registered number: 07404417)

Balance Sheet - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were authorised for issue by the director and authorised for issue on 2 November 2024 and were signed by:





Mrs J Patel - Director


Brookmans Property Management Limited (Registered number: 07404417)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Brookmans Property Management 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 (£).


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.

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

Turnover represents fees receivable in relation to property management. Fees receivable is recognised for the period for which it is due.

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 - 25% on cost
Computer equipment - 25% on cost

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price.Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Brookmans Property Management Limited (Registered number: 07404417)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 3,214 1,225 4,439
Disposals (3,214 ) (1,225 ) (4,439 )
At 31 March 2024 - - -
DEPRECIATION
At 1 April 2023 3,214 1,225 4,439
Eliminated on disposal (3,214 ) (1,225 ) (4,439 )
At 31 March 2024 - - -
NET BOOK VALUE
At 31 March 2024 - - -
At 31 March 2023 - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 35 -
Directors' current accounts 70,000 -
70,035 -

Brookmans Property Management Limited (Registered number: 07404417)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 5,730 6,528
Other creditor 3,498 3,498
G. Philip Client A/c - 1,974
Directors' current accounts - 30,324
Accrued expenses 1,200 2,520
10,428 44,844

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at balance sheet date the company owed £NIL (2023: £30,324) to its directors.

As at the balance sheet date the company was owed £70,000 (2023: £NIL) by its directors.
This loan was repaid in full by 31st October 2024 and prior to approval of this financial statements.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs J Patel.