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REGISTERED NUMBER: 14681492 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

22ND FEBRUARY 2023 TO 31ST MARCH 2024

FOR

BRIAN MARTIN PROPERTY LTD

BRIAN MARTIN PROPERTY LTD (REGISTERED NUMBER: 14681492)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 22ND FEBRUARY 2023 TO 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRIAN MARTIN PROPERTY LTD

COMPANY INFORMATION
FOR THE PERIOD 22ND FEBRUARY 2023 TO 31ST MARCH 2024







DIRECTOR: B G Martin





SECRETARY: S Martin





REGISTERED OFFICE: Oundle Road Industrial Estate
Oundle Road
Thrapston
Kettering
Northamptonshire
NN14 4PQ





REGISTERED NUMBER: 14681492 (England and Wales)





ACCOUNTANTS: Bewers Turner & Co LLP
Chartered Accountants
Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH

BRIAN MARTIN PROPERTY LTD (REGISTERED NUMBER: 14681492)

BALANCE SHEET
31ST MARCH 2024

Notes £    £   
FIXED ASSETS
Investment property 4 1,594,259

CURRENT ASSETS
Debtors 5 19,287
Cash at bank 179,462
198,749
CREDITORS
Amounts falling due within one year 6 842,869
NET CURRENT LIABILITIES (644,120 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

950,139

CREDITORS
Amounts falling due after more than one
year

7

972,927
NET LIABILITIES (22,788 )

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (22,888 )
(22,788 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BRIAN MARTIN PROPERTY LTD (REGISTERED NUMBER: 14681492)

BALANCE SHEET - continued
31ST 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13th November 2024 and were signed by:





B G Martin - Director


BRIAN MARTIN PROPERTY LTD (REGISTERED NUMBER: 14681492)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 22ND FEBRUARY 2023 TO 31ST MARCH 2024


1. STATUTORY INFORMATION

Brian Martin Property Ltd 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.

The financial statements have been prepared on a going concern basis not withstanding that the company had net current liabilities as per the balance sheet date. The director believes this basis to be appropriate and has agreed to provide funds as necessary to meet the day to day running costs of the business for the foreseeable future.

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

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.

Financial instruments
The company is party to only basic financial instruments such as cash, trade debtors and creditors and loans. Instruments such as trade debtors and trade creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.

Taxation
Taxation for the period 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.


BRIAN MARTIN PROPERTY LTD (REGISTERED NUMBER: 14681492)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 22ND FEBRUARY 2023 TO 31ST 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 period 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 period was 1 .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 1,594,259
At 31st March 2024 1,594,259
NET BOOK VALUE
At 31st March 2024 1,594,259

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 1,050
Other debtors 18,237
19,287

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 23,417
Trade creditors 10,397
Amounts owed to group undertakings 794,433
Other creditors 14,622
842,869

BRIAN MARTIN PROPERTY LTD (REGISTERED NUMBER: 14681492)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 22ND FEBRUARY 2023 TO 31ST MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans 972,927

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 996,344

Loans are secured against the assets of the company.

9. RELATED PARTY DISCLOSURES

All material related party transactions with owners holding a participating interest, companies in which the entity has a participating interest and directors were all concluded under normal market conditions.