Company registration number 13613867 (England and Wales)
BRK PROPERTY SOLUTIONS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
BRK PROPERTY SOLUTIONS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
BRK PROPERTY SOLUTIONS LTD
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
3
384,309
224,045
Current assets
Debtors
4
165
1,700
Cash at bank and in hand
2,525
161
2,690
1,861
Creditors: amounts falling due within one year
5
(135,730)
(88,714)
Net current liabilities
(133,040)
(86,853)
Total assets less current liabilities
251,269
137,192
Creditors: amounts falling due after more than one year
6
(276,430)
(160,955)
Net liabilities
(25,161)
(23,763)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(25,261)
(23,863)
Total equity
(25,161)
(23,763)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial Period ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 20 November 2024
..............................................
Ms B Lakhani
Director
Company registration number 13613867 (England and Wales)
BRK PROPERTY SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
- 2 -
1
Accounting policies
Company information

BRK Property Solutions Ltd is a private company limited by shares incorporated in England and Wales. The registered office is C/O VPC Accountants, 2nd Floor, 2B Theobald Street, Borehamwood, UK, WD6 4SE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

1.2
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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

1.3
Investment property

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

1.4
Taxation

Income tax expense represents the sum of the tax currently payable .The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax

Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.

2
Employees
2024
2023
Number
Number
Total
1
1
BRK PROPERTY SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
- 3 -
3
Investment property
2024
£
Fair value
At 1 October 2023
224,045
Additions
160,264
At 30 September 2024
384,309
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
-
0
1,535
Other debtors
165
165
165
1,700
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
-
0
132
Other creditors
135,730
88,582
135,730
88,714
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
276,430
160,955
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