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
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
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
Browel Property LTD
Statement of financial position
as at 30 April 2024
Investment property
1,270,000
1,270,000
Cash at bank and in hand
1,862
8,236
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
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
Browel Property LTD
Notes to the Accounts
for the year ended 30 April 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Fair value at 1 May 2023
1,270,000
At 30 April 2024
1,270,000
Amounts falling due within one year
Amounts due from group undertakings etc.
228,690
180,990
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
Loans from directors
91,688
97,893
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
764,515
845,652
Browel Property LTD
Notes to the Accounts
for the year ended 30 April 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan Account
66,652
-
6,205
60,447
Loan Account
31,241
-
-
31,241
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).