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Registered number: 12522838
BRYN PROPERTIES LIMITED
ABRIDGED Financial Statements
For The Year Ended 28 February 2024
John A. Porter & Co.
74 Dickenson Road
Rusholme
Manchester
M14 5HF
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 12522838
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,410 7,121
Investment Properties 5 262,000 252,000
268,410 259,121
CURRENT ASSETS
Cash at bank and in hand 2,277 1,361
2,277 1,361
Creditors: Amounts Falling Due Within One Year (277,616 ) (278,982 )
NET CURRENT ASSETS (LIABILITIES) (275,339 ) (277,621 )
TOTAL ASSETS LESS CURRENT LIABILITIES (6,929 ) (18,500 )
NET LIABILITIES (6,929 ) (18,500 )
CAPITAL AND RESERVES
Called up share capital 6 2 2
Profit and Loss Account (6,931 ) (18,502 )
SHAREHOLDERS' FUNDS (6,929) (18,500)
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Page 2
For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 28 February 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Paul Atkinson
Director
11 June 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
BRYN PROPERTIES LIMITED is a private company, limited by shares, incorporated in England & Wales.
The registered number is 12522838 .
The registered office is 74 Dickenson Road, Rusholme, Manchester, M14 5HF.
No dividends have been paid and none are proposed.
Related party transactions are reported in the notes to the accounts.
There are no other related party transactions to report.
There are no contingent liabilities or other post balance sheet events to report.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents total lettings and rents receivable. The business is not Value Added Tax (VAT) registered.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation.
Depreciation is calculated at the following annual rates in order to write off each asset over its estimated useful life.
Plant & Machinery 10% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
No depreciation is provided in the year of acquisition.
2.4. Investment Properties
Investment Property is revalued annually and any surplus or deficit is dealt with through profit and loss.
No depreciation is provided in respect of the property.
Property is composed of the freehold property and added alterations.
2.5. Accounting Reference Date
The accounting reference date is 28 February.
These accounts are for the year ended 28 February 2024.
2.6. Comparative Figures
The comparative figures used throughout these accounts are as at 28 February 2023 or are for the year ended on that date.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, who are employed under a contract of service during the year was: NIL (2023: 2)
- 2
4. Tangible Assets
Total
£
Cost or Valuation
As at 1 March 2023 8,669
As at 28 February 2024 8,669
Depreciation
As at 1 March 2023 1,548
Provided during the period 711
As at 28 February 2024 2,259
...CONTINUED
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Net Book Value
As at 28 February 2024 6,410
As at 1 March 2023 7,121
5. Investment Property
2024
£
Fair Value
As at 1 March 2023 252,000
Revaluations 10,000
As at 28 February 2024 262,000
6. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1 Ordinary A shares of £ 1.00 each 1 1
1 Ordinary B shares of £ 1.00 each 1 1
2 2
7. Related Party Transactions
Transactions with Related Parties
Swallows Flight Associates Limited is an associated company under the control of the two shareholders. Mr Paul Atkinson holds 50 £1 Ordinary Shares in Swallows Flight Associates Limited, representing 20% of the issued share capital, and Mrs Lucy Atkinson owns 200 £1 Ordinary Share representing 80% of the issued capital, there being a total of 250 £1 Ordinary Shares in issue.
Mrs Lucy Atkinson is a director of Swallows Flight Associates Limited.
Transactions in the year with Swallows Flight Associates Limited were as follows:
Balance due to Swallows Flight Associates Limited b/f - £206,655 (2023 £196,155)
Monies advanced by Swallows Flight Associates Limited - £Nil (2023 £10,500)
Repayments - £Nil (2023 £Nil)
Balance due to Swallows Flight Associates Limited carried forward - £206,655 (2023 £206,655)
8. Ultimate Controlling Party
The Company was controlled throughout the year by Mr Paul Atkinson and Mrs Lucy Atkinson with each holding 1 £1 Ordinary Share, there being 2 £1 Ordinary Shares in issue.
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