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REGISTERED NUMBER: 03473419 (England and Wales)

















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

BRINDLE INVESTMENTS LIMITED

BRINDLE INVESTMENTS LIMITED (REGISTERED NUMBER: 03473419)

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










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


BRINDLE INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: J Nagrecha
K Raja





SECRETARY: A Nagrecha





REGISTERED OFFICE: Unit 4 Watling Gate
297-303 Edgware Road
Colindale
London
NW9 6NB





REGISTERED NUMBER: 03473419 (England and Wales)





ACCOUNTANTS: STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BRINDLE INVESTMENTS LIMITED


The following reproduces the text of the report prepared for the directors 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 Income Statement and certain other primary statements and the Report of the Directors 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 Brindle Investments Limited for the year ended 31 March 2024 which comprise the Profit and loss account, Balance Sheet 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 Board of Directors of Brindle Investments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Brindle Investments Limited and state those matters that we have agreed to state to the Board of Directors of Brindle Investments Limited, as a body, 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 Brindle Investments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Brindle Investments Limited 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 Brindle Investments Limited. You consider that Brindle Investments Limited 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 Brindle Investments Limited. 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.






STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH


18 November 2024

BRINDLE INVESTMENTS LIMITED (REGISTERED NUMBER: 03473419)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 3 3,300,000 3,300,000

CURRENT ASSETS
Debtors 4 18,701 9,485
Cash at bank and in hand 1,186,232 1,023,862
1,204,933 1,033,347
CREDITORS
Amounts falling due within one year 5 155,784 141,298
NET CURRENT ASSETS 1,049,149 892,049
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,349,149

4,192,049

PROVISIONS FOR LIABILITIES 6 320,841 247,603
NET ASSETS 4,028,308 3,944,446

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 4,028,208 3,944,346
SHAREHOLDERS' FUNDS 4,028,308 3,944,446

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.

BRINDLE INVESTMENTS LIMITED (REGISTERED NUMBER: 03473419)

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2024 and were signed on its behalf by:





J Nagrecha - Director


BRINDLE INVESTMENTS LIMITED (REGISTERED NUMBER: 03473419)

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


1. 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.

Revenue recognition
Revenue represents rents receivable, net of value added tax. Revenue is recognised on a rent receivable basis to the balance sheet date.

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 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 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.

2. EMPLOYEES AND DIRECTORS

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

BRINDLE INVESTMENTS LIMITED (REGISTERED NUMBER: 03473419)

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


3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 3,300,000
NET BOOK VALUE
At 31 March 2024 3,300,000
At 31 March 2023 3,300,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2003 622,880
Valuation in 2010 717,890
Valuation in 2011 (400,000 )
Valuation in 2014 300,000
Valuation in 2016 450,000
Valuation in 2017 (263,000 )
Valuation in 2018 313,000
Valuation in 2021 400,000
Cost 1,159,230
3,300,000

Based on advice from a property agent and the directors' knowledge of the local property and rental markets, the market value of the investment properties at 31 March 2024 is not significantly different to that stated above.

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,396 1,392
Other debtors 550 550
Prepayments 10,755 7,543
18,701 9,485

BRINDLE INVESTMENTS LIMITED (REGISTERED NUMBER: 03473419)

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


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 4
Trade creditors 12,469 9,127
Tax 49,118 37,994
Other creditors 28,711 28,711
Directors' current accounts 5,400 2,700
Deferred income 58,345 56,858
Accrued expenses 1,741 5,904
155,784 141,298

6. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 320,841 247,603

Deferred
tax
£   
Balance at 1 April 2023 247,603
Movement 73,238
Balance at 31 March 2024 320,841

7. RESERVES
Retained
earnings
£   

At 1 April 2023 3,944,346
Profit for the year 83,862
At 31 March 2024 4,028,208

The reserve includes undistributable profit reserve of £1,814,707 (2023: £1,887,946) relating to revaluation of investment properties.

8. RELATED PARTY DISCLOSURES

Included in creditors amounts due within one year is a balance of £5,400 (2023: £2,700) due to Mr J Nagrecha.