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Registration number: 12689953

BRICS Properties Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

 

BRICS Properties Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

BRICS Properties Ltd

Company Information

Directors

Miss Sarah Lloyd

Mrs Bernadette Marie Lloyd

Registered office

Bronwysg High Street
Sennybridge
Brecon
Wales
Powys
LD3 8PG

 

BRICS Properties Ltd

(Registration number: 12689953)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

2

410,000

425,000

Current assets

 

Debtors

3

4,197

3,775

Cash at bank and in hand

 

6,126

3,432

 

10,323

7,207

Creditors: Amounts falling due within one year

4

(104,931)

(103,273)

Net current liabilities

 

(94,608)

(96,066)

Total assets less current liabilities

 

315,392

328,934

Creditors: Amounts falling due after more than one year

4

(312,777)

(312,756)

Provisions for liabilities

(31,558)

(34,408)

Net liabilities

 

(28,943)

(18,230)

Capital and reserves

 

Called up share capital

100

100

Revaluation reserve

134,538

146,688

Retained earnings

(163,581)

(165,018)

Shareholders' deficit

 

(28,943)

(18,230)

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 20 January 2025 and signed on its behalf by:
 

.........................................
Mrs Bernadette Marie Lloyd
Director

 

BRICS Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 1).

2

Investment properties

2024
£

At 1 July

425,000

Fair value adjustments

(15,000)

At 30 June

410,000

The fair value of the property at 30th June 2024 has been arrived at on the basis of a valuation carried out at that date by the director of the company, who is not a professionally qualified valuer. The valuation of £410,000 was arrived at by reference to the market evidence of transaction prices for similar properties in its location the property is situated

3

Debtors

Current

2024
£

2023
£

Prepayments

222

-

Other debtors

3,975

3,775

 

4,197

3,775

 

BRICS Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

4

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

-

1,500

Amounts owed to group undertakings and undertakings in which the company has a participating interest

67,300

65,000

Accruals and deferred income

 

1,784

1,750

Other creditors

 

35,847

35,023

 

104,931

103,273

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

312,777

312,756