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Company Registration No. 12514468 (England and Wales)
The Book Brothers Limited Unaudited accounts for the year ended 31 March 2024
The Book Brothers Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,635,361 
143,993 
Investment property
- 
3,501,037 
3,635,361 
3,645,030 
Current assets
Debtors
127,306 
4,996 
Cash at bank and in hand
201,096 
364,345 
328,402 
369,341 
Creditors: amounts falling due within one year
(178,892)
(174,102)
Net current assets
149,510 
195,239 
Total assets less current liabilities
3,784,871 
3,840,269 
Creditors: amounts falling due after more than one year
(2,536,000)
(2,858,000)
Provisions for liabilities
Deferred tax
(50,463)
(27,359)
Net assets
1,198,408 
954,910 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,198,308 
954,810 
Shareholders' funds
1,198,408 
954,910 
For the year ending 31 March 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2024 and were signed on its behalf by
Mohamed Yahya THADHA Director Company Registration No. 12514468
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The Book Brothers Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
The Book Brothers Limited is a private company, limited by shares, registered in England and Wales, registration number 12514468. The registered office is 85 Highway Road, Leicester, LE5 5RF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2.5% straight line
Plant & machinery
10% straight line
Computer equipment
25% straight line
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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The Book Brothers Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
- 
179,607 
179,607 
Additions
- 
84,515 
84,515 
Transfer from investment property
3,501,037 
- 
3,501,037 
At 31 March 2024
3,501,037 
264,122 
3,765,159 
Depreciation
At 1 April 2023
- 
35,614 
35,614 
Charge for the year
67,527 
26,657 
94,184 
At 31 March 2024
67,527 
62,271 
129,798 
Net book value
At 31 March 2024
3,433,510 
201,851 
3,635,361 
At 31 March 2023
- 
143,993 
143,993 
5
Investment property
2024 
£ 
Fair value at 1 April 2023
3,501,037 
Transfers to tangible fixed assets
(3,501,037)
At 31 March 2024
- 
The investment property fair value included in the profit for the year was determined by the directors by reference to current market prices for comparable property, adjusted for any differences in nature, location and condition.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
121,170 
1,810 
Other debtors
6,136 
3,186 
127,306 
4,996 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
364 
Taxes and social security
117,080 
135,353 
Other creditors
1,613 
35,885 
Accruals
60,199 
2,500 
178,892 
174,102 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
2,536,000 
2,858,000 
- 4 -
The Book Brothers Limited Notes to the Accounts for the year ended 31 March 2024
9
Transactions with related parties
Other creditors include unsecured, interest free loans advanced: £634,000 by Books 2 Door Ltd, a company in which Mr Abdul Kadir THADHA is materially interested as a director. £634,000 by PCS Books Ltd a company in which Mr Suleman Aziz THADHA is materially interested as a director. £634,000 by Plodit Ltd a company in which Mr Mohamed Yahya THADHA is materially interested as a director. £634,000 by Price Cut Books Ltd a company in which Mr Abdul Rashid THADHA is materially interested as a director. The company provided services as follows: £204,000 to Books 2 Door Ltd, a company in which Mr Abdul Kadir THADHA is materially interested as a director. £204,000 to PCS Books Ltd a company in which Mr Suleman Aziz THADHA is materially interested as a director. £204,000 to Plodit Ltd a company in which Mr Mohamed Yahya THADHA is materially interested as a director. £204,000 to Price Cut Books Ltd a company in which Mr Abdul Rashid THADHA is materially interested as a director.
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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