Company Registration No. 14106012 (England and Wales)
Brown and Bond Property Ltd
Unaudited accounts
for the year ended 31 May 2024
Brown and Bond Property Ltd
Company Information
for the year ended 31 May 2024
Directors
Ewan Bond
Stuart Brown
Company Number
14106012 (England and Wales)
Registered Office
C/O Accounting Inc. Ltd
Mailing Exchange, Hoults Yard
Newcastle upon Tyne
Tyne and Wear
NE6 2HL
Accountants
Accounting Inc. Ltd
Hoults Yard
Walker Rd
Newcastle upon Tyne
Tyne and Wear
NE6 2HL
Brown and Bond Property Ltd
Statement of financial position
as at 31 May 2024
Investment property
214,148
-
Cash at bank and in hand
11,954
195
Creditors: amounts falling due within one year
(130,457)
(51,587)
Net current liabilities
(54,617)
(3,916)
Total assets less current liabilities
159,531
(3,916)
Creditors: amounts falling due after more than one year
(156,265)
-
Net assets/(liabilities)
3,266
(3,916)
Called up share capital
100
100
Profit and loss account
3,166
(4,016)
Shareholders' funds
3,266
(3,916)
For the year ending 31 May 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 9 August 2024 and were signed on its behalf by
Stuart Brown
Director
Company Registration No. 14106012
Brown and Bond Property Ltd
Notes to the Accounts
for the year ended 31 May 2024
Brown and Bond Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 14106012. The registered office is C/O Accounting Inc. Ltd, Mailing Exchange, Hoults Yard, Newcastle upon Tyne, Tyne and Wear, NE6 2HL.
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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Turnover represents amounts receivable for rental income.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The completion stage of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Brown and Bond Property Ltd
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Accrued income and prepayments
5,784
-
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
743
-
Loans from directors
126,114
48,287
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).