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Company Registration No. 13874694 (England and Wales)
WEB BRAINS PROPERTIES LIMITED Unaudited accounts for the year ended 31 January 2024
WEB BRAINS PROPERTIES LIMITED Unaudited accounts Contents
Page
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WEB BRAINS PROPERTIES LIMITED Company Information for the year ended 31 January 2024
Director
Temidayo Makinde
Company Number
13874694 (England and Wales)
Registered Office
10 CARPENTER ROAD COVENTRY CV2 3PT ENGLAND
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WEB BRAINS PROPERTIES LIMITED Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
999,338 
191,629 
Current assets
Debtors
3,325 
- 
Cash at bank and in hand
9,678 
135,241 
13,003 
135,241 
Creditors: amounts falling due within one year
(207,707)
(207,633)
Net current liabilities
(194,704)
(72,392)
Total assets less current liabilities
804,634 
119,237 
Creditors: amounts falling due after more than one year
(708,708)
(140,878)
Net assets/(liabilities)
95,926 
(21,641)
Capital and reserves
Called up share capital
131,328 
1 
Profit and loss account
(35,402)
(21,642)
Shareholders' funds
95,926 
(21,641)
For the year ending 31 January 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 director acknowledges his 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 and authorised for issue on 15 January 2025 and were signed on its behalf by
Temidayo Makinde Director Company Registration No. 13874694
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WEB BRAINS PROPERTIES LIMITED Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
WEB BRAINS PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13874694. The registered office is 10 CARPENTER ROAD, COVENTRY, CV2 3PT, ENGLAND.
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:
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 February 2023
191,629 
Additions
807,709 
At 31 January 2024
999,338 
Depreciation
At 31 January 2024
- 
Net book value
At 31 January 2024
999,338 
At 31 January 2023
191,629 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
3,325 
- 
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WEB BRAINS PROPERTIES LIMITED Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
136,340 
155,923 
Loans from directors
70,487 
50,910 
Accruals
880 
800 
207,707 
207,633 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
708,708 
140,878 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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