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REGISTERED NUMBER: 11738847 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

BRAVERY PROPERTIES LIMITED

BRAVERY PROPERTIES LIMITED (REGISTERED NUMBER: 11738847)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRAVERY PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: C G Bravery





REGISTERED OFFICE: Autumn Lodge
35-39 Rutland Gardens
Hove
East Sussex
BN3 5PD





REGISTERED NUMBER: 11738847 (England and Wales)





ACCOUNTANTS: Parkers
Cornelius House
178-180 Church Road
Hove
East Sussex
BN3 2DJ

BRAVERY PROPERTIES LIMITED (REGISTERED NUMBER: 11738847)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,238,776 2,132,177

CURRENT ASSETS
Cash at bank 4,594 4,562

CREDITORS
Amounts falling due within one year 5 1,415,751 1,228,181
NET CURRENT LIABILITIES (1,411,157 ) (1,223,619 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

827,619

908,558

CREDITORS
Amounts falling due after more than one
year

6

(654,935

)

(770,440

)

PROVISIONS FOR LIABILITIES (16,472 ) (16,472 )
NET ASSETS 156,212 121,646

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 156,112 121,546
156,212 121,646

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

The members have not required the company to obtain an audit of its financial statements for the year 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.

BRAVERY PROPERTIES LIMITED (REGISTERED NUMBER: 11738847)

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 28th November 2024 and were signed by:





C G Bravery - Director


BRAVERY PROPERTIES LIMITED (REGISTERED NUMBER: 11738847)

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

1. STATUTORY INFORMATION

Bravery Properties Limited 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost

Taxation
Taxation for the year 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

BRAVERY PROPERTIES LIMITED (REGISTERED NUMBER: 11738847)

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1st April 2023 2,296,474
Additions 154,249
At 31st March 2024 2,450,723
DEPRECIATION
At 1st April 2023 164,297
Charge for year 47,650
At 31st March 2024 211,947
NET BOOK VALUE
At 31st March 2024 2,238,776
At 31st March 2023 2,132,177

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 110,390 100,796
Amounts owed to group undertakings 526,368 355,833
Taxation and social security 23,729 16,288
Other creditors 755,264 755,264
1,415,751 1,228,181

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 654,935 770,440

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 180,087 317,833

BRAVERY PROPERTIES LIMITED (REGISTERED NUMBER: 11738847)

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

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 765,325 871,236

National Westminster Bank PLC have fixed and floating charges over all property and assets of the company.

8. CONTINGENT LIABILITIES

A guarantee was put in place on 8th November 2021 with National Westminster Bank PLC amounting to £275,000 between Bravery Care Limited and Bravery Properties Limited (2023: £275,000) in respect of loans secured by debenture in Autumn Lodge Hove Limited.