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REGISTERED NUMBER: 08987444 (England and Wales)















Bruges Place Investments Limited

Unaudited Financial Statements

for the Year Ended 30 June 2024






Bruges Place Investments Limited (Registered number: 08987444)

Contents of the Financial Statements
for the year ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bruges Place Investments Limited

Company Information
for the year ended 30 June 2024







Directors: E A Green
I S Langdon





Registered office: Jack Straw's Castle
12 North End Way
London
NW3 7ES





Registered number: 08987444 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Bruges Place Investments Limited (Registered number: 08987444)

Balance Sheet
30 June 2024

2024 2023
Notes £ £
Current assets
Properties for development 1,720,131 1,720,131
Debtors 4 1,071,622 1,059,111
Cash in hand 244,311 50,801
3,036,064 2,830,043
Creditors
Amounts falling due within one year 5 500,752 491,502
Net current assets 2,535,312 2,338,541
Total assets less current liabilities 2,535,312 2,338,541

Capital and reserves
Called up share capital 6 100 100
Retained earnings 7 2,535,212 2,338,441
Shareholders' funds 2,535,312 2,338,541

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 March 2025 and were signed on its behalf by:





E A Green - Director


Bruges Place Investments Limited (Registered number: 08987444)

Notes to the Financial Statements
for the year ended 30 June 2024


1. Statutory information

Bruges Place Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows, in making their assessment.

Based on these assessments, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from the bank and other third parties, loans to related parties, and investment in ordinary shares.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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

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

Turnover
Turnover comprises revenue recognised by the company in respect of the sale of properties within the period. Sales of properties are recognised on practical completion of the transaction, when legal ownership of the property is transfered to the buyer.

3. Employees and directors

The average number of employees during the year was NIL (2023 - NIL).

Bruges Place Investments Limited (Registered number: 08987444)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


4. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors - 45,000
Other debtors 1,071,622 1,014,111
1,071,622 1,059,111

5. Creditors: amounts falling due within one year
2024 2023
£ £
Payments on account 1,475 -
Taxation and social security 50,484 16,793
Other creditors 448,793 474,709
500,752 491,502

6. Called up share capital

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £ £
1,000 Ordinary £0.10 100 100

7. Reserves
Retained
earnings
£

At 1 July 2023 2,338,441
Profit for the year 196,771
At 30 June 2024 2,535,212

8. Related party disclosures

Included within other creditors is £434,293 (2023: £434,293) owed to related companies under common control.

Included within other debtors is £169,165 (2023: £161,109) owed from related companies under common control.

9. Ultimate controlling party

The ultimate controlling party is the ultimate parent company CP Plus Investments Limited, a company controlled by E A Green, I S Langdon and related parties acting in concert.