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Registered number: 02230344
Braemar Properties Limited
Financial Statements
For The Year Ended 14 July 2024
ADC Accountants Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02230344
14 July 2024 14 July 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 711,637 711,653
711,637 711,653
CURRENT ASSETS
Debtors 5 203 767,022
Cash at bank and in hand 767,289 1,000
767,492 768,022
Creditors: Amounts Falling Due Within One Year 6 (25,854 ) (133,460 )
NET CURRENT ASSETS (LIABILITIES) 741,638 634,562
TOTAL ASSETS LESS CURRENT LIABILITIES 1,453,275 1,346,215
Creditors: Amounts Falling Due After More Than One Year 7 (127,700 ) (55,200 )
NET ASSETS 1,325,575 1,291,015
CAPITAL AND RESERVES
Called up share capital 8 120,600 120,600
Profit and Loss Account 1,204,975 1,170,415
SHAREHOLDERS' FUNDS 1,325,575 1,291,015
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For the year ending 14 July 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.
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
Mr Andrew Marflow
Director
27/01/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Braemar Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02230344 . The registered office is 1 Sandiacre, Standish, Wigan, WN6 0TJ.
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 represents rental income received. Rental income is recognised in the period to which it relates.

2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% on reducing balance
2.4. Investment Properties
All investment properties are shown at most recent valuation.
Any aggregate surplus or deficit arising from changes in value is recognised in profit or loss.
2.5. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Timing differences arise from the inclusion of income and expenes in tax in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using using tax rates and laws that have been enacted or substantively enacted by the balance sheets date and are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the exetent that it is probable that they will be recovered against the reversal of deferrred tax liabilities or other future profits.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Investment Properties Fixtures & Fittings Total
£ £ £
Cost
As at 15 July 2023 711,574 16,210 727,784
As at 14 July 2024 711,574 16,210 727,784
Depreciation
As at 15 July 2023 - 16,131 16,131
Provided during the period - 16 16
As at 14 July 2024 - 16,147 16,147
Net Book Value
As at 14 July 2024 711,574 63 711,637
As at 15 July 2023 711,574 79 711,653
5. Debtors
14 July 2024 14 July 2023
£ £
Due within one year
Other debtors 203 767,022
6. Creditors: Amounts Falling Due Within One Year
14 July 2024 14 July 2023
£ £
Trade creditors 6,777 6,814
Corporation tax 8,580 112,400
Accruals and deferred income 10,497 14,246
25,854 133,460
7. Creditors: Amounts Falling Due After More Than One Year
14 July 2024 14 July 2023
£ £
Shareholder loans 127,700 55,200
9. Directors' Advances, Credits and Guarantees
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The directors have made loans to the compnay. The loans were transacted and interest charged on normal commercial terms. The company purchases property management and administrative services from companies in which the directors are materially interested as shareholders. All transactions are made on normal commercial terms.
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