Registered number
03578176
BRENSTYLE PROPERTIES LIMITED
Filleted Accounts
31 March 2024
BRENSTYLE PROPERTIES LIMITED
Registered number: 03578176
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 5 441,015 441,015
441,015 441,015
Current assets
Debtors 4 7,106 56,337
Cash at bank and in hand 19,442 65,609
26,548 121,946
Creditors: amounts falling due within one year 5 (206,643) (307,464)
Net current liabilities (180,095) (185,518)
Total assets less current liabilities 260,920 255,497
Creditors: amounts falling due after more than one year - -
Net assets 260,920 255,497
Capital and reserves
Called up share capital 100 100
Profit and loss account 260,820 255,397
Shareholders' funds 260,920 255,497
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Patrick Loughrey
Director
Approved by the board on 5 November 2024
BRENSTYLE PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
5 Tangible fixed assets
Land and buildings Total
£ £
Cost
At 1 April 2023 441,015 441,015
Additions - -
At 31 March 2024 441,015 441,015
Depreciation
At 1 April 2023 - -
Charge for the year - -
At 31 March 2024 - -
Net book value
At 31 March 2024 441,015 441,015
At 31 March 2023 441,015 441,015
4 Debtors 2024 2023
£ £
Trade debtors 646 -
Other debtors 6,460 56,337
7,106 56,337
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation Tax 1,272 2,252
Other creditors 205,371 305,212
206,643 307,464
6 Related party transactions
During the year the company received rental income in the sum of £9,500 (2023: £7,500)
on commercial terms from Mr G Sullivan, relative of the director.
As the balance sheet date the sum of £200,000 was owed to P Loughrey, the company
director. The loan is interest free and repayable on demand.
7 Other information
BRENSTYLE PROPERTIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
H Plaskow & Co
Chartered Certied Accountants
208 Green Lanes
Palmers Green
London
N13 5UE
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