Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31Other letting and operating of own or leased real estatefalsefalse2023-08-182trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 15081332 2023-08-17 15081332 2023-08-18 2024-03-31 15081332 2022-08-18 2023-08-17 15081332 2024-03-31 15081332 c:Director1 2023-08-18 2024-03-31 15081332 d:FreeholdInvestmentProperty 2023-08-18 2024-03-31 15081332 d:FreeholdInvestmentProperty 2024-03-31 15081332 d:CurrentFinancialInstruments 2024-03-31 15081332 d:Non-currentFinancialInstruments 2024-03-31 15081332 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 15081332 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 15081332 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 15081332 d:ShareCapital 2023-08-18 2024-03-31 15081332 d:ShareCapital 2024-03-31 15081332 d:SharePremium 2023-08-18 2024-03-31 15081332 d:SharePremium 2024-03-31 15081332 d:RetainedEarningsAccumulatedLosses 2023-08-18 2024-03-31 15081332 d:RetainedEarningsAccumulatedLosses 2024-03-31 15081332 c:OrdinaryShareClass1 2023-08-18 2024-03-31 15081332 c:OrdinaryShareClass1 2024-03-31 15081332 c:FRS102 2023-08-18 2024-03-31 15081332 c:AuditExempt-NoAccountantsReport 2023-08-18 2024-03-31 15081332 c:FullAccounts 2023-08-18 2024-03-31 15081332 c:PrivateLimitedCompanyLtd 2023-08-18 2024-03-31 15081332 e:PoundSterling 2023-08-18 2024-03-31 15081332 d:EntityControlledByKeyManagementPersonnel1 2023-08-18 2024-03-31 15081332 d:EntityControlledByKeyManagementPersonnel1 2024-03-31 15081332 d:EntityControlledByKeyManagementPersonnel2 2023-08-18 2024-03-31 15081332 d:EntityControlledByKeyManagementPersonnel2 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 15081332









LANGLEY-BROWN PROPERTY HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
LANGLEY-BROWN PROPERTY HOLDINGS LIMITED
REGISTERED NUMBER: 15081332

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
                                                                                                                Note
£

Fixed assets
  

Investment property
 3 
2,070,000

  
2,070,000

Current assets
  

Cash at bank and in hand
 6 
9,222

  
9,222

Creditors: amounts falling due within one year
 7 
(17,328)

Net current liabilities
  
 
 
(8,106)

Total assets less current liabilities
  
2,061,894

Creditors: amounts falling due after more than one year
 8 
(1,419,672)

  

Net assets
  
642,222


Capital and reserves
  

Called up share capital 
 10 
10,000

Share premium account
  
640,336

Profit and loss account
  
(8,114)

  
642,222


Page 1

 
LANGLEY-BROWN PROPERTY HOLDINGS LIMITED
REGISTERED NUMBER: 15081332
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the Statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 January 2025.




C Brown
Director

The notes on pages 4 to 7 form part of these financial statements.

Page 2

 
LANGLEY-BROWN PROPERTY HOLDINGS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MARCH 2024


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£


Comprehensive income for the period

Loss for the period
-
-
(8,114)
(8,114)
Total comprehensive income for the period
-
-
(8,114)
(8,114)


Contributions by and distributions to owners

Shares issued during the period
10,000
640,336
-
650,336


Total transactions with owners
10,000
640,336
-
650,336


At 31 March 2024
10,000
640,336
(8,114)
642,222

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
LANGLEY-BROWN PROPERTY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

The Langley- Brown Property Holdings Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is 3 Brook Business Centre, Cowley Mill Road, Uxbridge, UB8 2FX.
The company specialises in the rental of property.
The company was incorporated on 18 August 2023 and started trading on 20 October 2023.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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.

The following principal accounting policies have been applied:

  
2.2

Going concern

The financial statements are prepared on a going concern basis, despite the balance sheet showing net current liabilities of £8,106, including an amount owed to group companies of £9,257. The group company has confirmed that it will not require repayment of the balance until such time that this company is able to pay its liabilities as they fall due. The director notes that the company is trading adequately and has sufficient working capital and other finance available to continue trading for a period of not less than 12 months from the date of signing these financial statements. As such, the director believes that there are no significant uncertainties in his assessment of whether the business is a going concern and therefore has prepared the accounts on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 
LANGLEY-BROWN PROPERTY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers 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. Changes in fair value are recognised in profit or loss.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Investment property


Freehold investment property

£



Valuation


Additions
2,070,000



At 31 March 2024
2,070,000






Page 5

 
LANGLEY-BROWN PROPERTY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

4.


Employees

The average monthly number of employees, including directors, during the period was 2.


5.


Director's remuneration

During the period the directors recieved no remuneration. 


6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
9,222

9,222



7.


Creditors: Amounts falling due within one year

2024
£

Amounts owed to group undertakings
9,257

Other creditors
4,671

Accruals and deferred income
3,400

17,328



8.


Creditors: Amounts falling due after more than one year

2024
£

Bank loans
1,419,672

1,419,672


The bank loans are secured against the properties which they relate.

Page 6

 
LANGLEY-BROWN PROPERTY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

9.


Loans


2024
£




Amounts falling due after more than 5 years

Bank loans
1,419,672

1,419,672

The loans are interest-only and are repayable in full at the end of the term.


10.


Share capital

2024
£
Allotted, called up and fully paid


10,000 Ordinary shares of £1 each
10,000


On incorporation, 1 Ordinary share of £1 was issued at par. On 20 October 2023, 9,999 Ordinary shares of £1 each were issued for a total value of £650,335, including share premium of £640,336.


11.


Related party transactions

The company acquired the net assets of the property rental business of Langley-Brown Property LLP in exchange for 9,999 Ordinary £1 shares in the company. The shares were issued for a total value of £650,335, including share premium of £640,336.
 
At the period end, the company owed £9,257 to Langley-Brown Property LLP.


12.


Transactions with directors

Included within other creditors is an amount of £4,671 due to the directors of the company.


13.


Controlling party

The immediate and ultimate parent entity is Langley-Brown Property LLP. The controlling parties are the directors by virtue of their control of Langley-Brown Property LLP.

 
Page 7