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Company Registration No. 11956046 (England and Wales)
Browel Property LTD Unaudited accounts for the year ended 30 April 2024
Browel Property LTD Unaudited accounts Contents
Page
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Browel Property LTD Company Information for the year ended 30 April 2024
Directors
Daniel Brown Christian Welsh
Company Number
11956046 (England and Wales)
Registered Office
170 Hillside Road Bristol BS5 7PR United Kingdom
Accountants
Bell Howley Perrotton LLP 53 Davies Street Mayfair London W1K 5JH
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Browel Property LTD Accountants' report
Accountants' report to the board of directors of Browel Property LTD on the preparation of the unaudited statutory accounts for the year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Browel Property LTD for the year ended 30 April 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Browel Property LTD, as a body, in accordance with the terms of our engagement letter dated 4 October 2022. Our work has been undertaken solely to prepare for your approval the accounts of Browel Property LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Browel Property LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Browel Property LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Browel Property LTD. You consider that Browel Property LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Browel Property LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Bell Howley Perrotton LLP 53 Davies Street Mayfair London W1K 5JH 27 January 2025
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Browel Property LTD Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
1,270,000 
1,270,000 
Current assets
Debtors
233,265 
183,648 
Cash at bank and in hand
1,862 
8,236 
235,127 
191,884 
Creditors: amounts falling due within one year
(210,368)
(137,944)
Net current assets
24,759 
53,940 
Total assets less current liabilities
1,294,759 
1,323,940 
Creditors: amounts falling due after more than one year
(764,515)
(845,652)
Provisions for liabilities
Deferred tax
(123,254)
(123,254)
Net assets
406,990 
355,034 
Capital and reserves
Called up share capital
2 
2 
Fair value reserve
488,873 
488,873 
Profit and loss account
(81,885)
(133,841)
Shareholders' funds
406,990 
355,034 
For the year ending 30 April 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 27 January 2025 and were signed on its behalf by
Daniel Brown Director Company Registration No. 11956046
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Browel Property LTD Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Browel Property LTD is a private company, limited by shares, registered in England and Wales, registration number 11956046. The registered office is 170 Hillside Road, Bristol, BS5 7PR, 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.
4
Investment property
2024 
£ 
Fair value at 1 May 2023
1,270,000 
At 30 April 2024
1,270,000 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,575 
2,658 
Amounts due from group undertakings etc.
228,690 
180,990 
233,265 
183,648 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
36,807 
39,315 
Amounts owed to group undertakings and other participating interests
- 
736 
Other creditors
81,873 
- 
Loans from directors
91,688 
97,893 
210,368 
137,944 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
764,515 
845,652 
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Browel Property LTD Notes to the Accounts for the year ended 30 April 2024
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Loan Account
66,652 
- 
6,205 
60,447 
Loan Account
31,241 
- 
- 
31,241 
97,893 
- 
6,205 
91,688 
9
Transactions with related parties
At the balance sheet date, the company was owed: £88,912 (2023 - £44,513) by Habibo Developments Limited £139,776 (2023 - £136,477) by Habibo Homes Limited At the balance sheet date, the company owed: £736 (2023 - £736) to White Hall Road Limited. All the abive companies have a common director. No interest has been charged or accrued on these amounts during the accounting period.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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