Company No:
Contents
Note | 2024 | 2023 | ||
£ | £ | |||
Fixed assets | ||||
Investment property | 3 |
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807,742 | 807,742 | |||
Current assets | ||||
Stocks | 4 |
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Debtors | 5 |
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Cash at bank and in hand |
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534,846 | 497,585 | |||
Creditors: amounts falling due within one year | 6 | (
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Net current liabilities | (499,231) | (486,402) | ||
Total assets less current liabilities | 308,511 | 321,340 | ||
Net assets |
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Capital and reserves | ||||
Called-up share capital |
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Profit and loss account |
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Total shareholder's funds |
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Director's responsibilities:
The financial statements of Bramleys Property Investments Limited (registered number:
R K Trott
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Bramleys Property Investments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Srk Scaffolding Ltd Haywards Lane, Chelston, Wellington, TA21 9FD, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including the director |
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Investment property | |
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Valuation | |
As at 01 June 2023 |
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As at 31 May 2024 |
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£ | £ | ||
Work in progress |
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£ | £ | ||
Amounts owed by Group undertakings |
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Other debtors |
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£ | £ | ||
Bank loans |
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Trade creditors |
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Amounts owed to Group undertakings |
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Taxation and social security |
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Other creditors |
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Other related party transactions
SRK Scaffolding and Industrial Services Ltd is a company under common control and ownership. At the year end the company owed £126,000 (2023 - £81,286) to SRK Scaffolding and Industrial Services Ltd.
R & K Building Limited is a company under common control and ownership. At the year end the company owed £125,000 (2023 - £125,000) to R & K Building Limited.
Trottco Limited is a company under common control and ownership. At the year end the company owed £176,534 (2023 - £160,624) to Trottco Limited.
Mayfield Property Investments Limited is a related company. At the year end Mayfield Property Investments Limited owed £9,274 (2023 - £18,124) to the company.