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Registered number: 13229162
Brighton Road De24 Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Property Accounts Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13229162
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 440,000 440,000
440,000 440,000
CURRENT ASSETS
Debtors 5 219,874 205,260
Cash at bank and in hand 82 19,318
219,956 224,578
Creditors: Amounts Falling Due Within One Year 6 (236,268 ) (234,273 )
NET CURRENT ASSETS (LIABILITIES) (16,312 ) (9,695 )
TOTAL ASSETS LESS CURRENT LIABILITIES 423,688 430,305
Creditors: Amounts Falling Due After More Than One Year 7 (314,160 ) (314,160 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (48,426 ) (48,426 )
NET ASSETS 61,102 67,719
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 148,466 148,466
Profit and Loss Account (87,464 ) (80,847 )
SHAREHOLDERS' FUNDS 61,102 67,719
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss Heather Critchlow
Director
29/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Brighton Road De24 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13229162 . The registered office is C/O Property Accounts Limited, 59 Castle Street, Reading, RG1 7SN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is recognised as rental income received.
2.3. Investment Properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The fair value of the investment property has been arrived at by the directors best estimate. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Investment Properties
£
Cost
As at 1 April 2023 440,000
As at 31 March 2024 440,000
Net Book Value
As at 31 March 2024 440,000
As at 1 April 2023 440,000
5. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Amounts owed by group undertakings 219,874 205,260
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Director's loan account - 73
Amounts owed to group undertakings 231,575 231,575
Amounts owed to related parties 4,693 2,625
236,268 234,273
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Page 4
7. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 March 2023
£ £
Mortgages 314,160 314,160
8. Share Capital
31 March 2024 31 March 2023
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Revaluation Reserve
£
As at 1 April 2023 148,466
As at 31 March 2024 148,466
10. Related Party Transactions
Related party transactions include (to)/from:
£131,910 (2023: £132,296) owed from Vida Property Holdings Limited, the parent company.
£72,963 (2023: £72,963) owed from Upper Boundary Ltd, a company owned by Vida Property Holdings Limited.
£(231,575) (2023: £(231,575)) owed to Vida Property Solutions Limited, a company owned by Vida Property Holdings Limited.
£(4,693) (2023: £(2,625)) owed to Vida Sourcing Ltd, a company of which H Critchlow is a shareholder.
£15,000 (2023: £0) owed from C&C Stays Ltd, a company owned by Vida Property Holdings Limited
11. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Vida Property Holdings Ltd . Vida Property Holdings Ltd was incorporated in England.
Page 4