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Registered number: 13842931









BRAVER PROPERTY GROUP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
BRAVER PROPERTY GROUP LIMITED
REGISTERED NUMBER: 13842931

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024


2024

2023
Note
£
£
£
£

Fixed assets
  

Investment property
 4 
550,000
526,127

  
550,000
526,127

Current assets
  

Debtors: amounts falling due within one year
 5 
5,701
3,000

Cash at bank and in hand
 6 
240,961
238,023

  
246,662
241,023

Creditors: amounts falling due within one year
 7 
(761,341)
(769,847)

Net current liabilities
  
 
 
(514,679)
 
 
(528,824)

Provisions for liabilities
  

Deferred tax
 8 
(5,968)
-

Net assets/(liabilities)
  
29,353
(2,697)


Capital and reserves
  

Called up share capital 
 9 
100
100

Investment property reserve
  
17,905
-

Profit and loss account
  
11,348
(2,797)

  
29,353
(2,697)


Page 1

 
BRAVER PROPERTY GROUP LIMITED
REGISTERED NUMBER: 13842931
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the Statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 March 2025.




Dr G Braverman
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
BRAVER PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Braver Property Group Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is 3 Brook Business Centre, Cowley Mill Road, Uxbridge, Middlesex, United Kingdom, UB8 2FX.
The company specialises in the investment and rental of real estate.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis, despite the company reporting net current liabilities of £514,679 (2023 - £528,824). Included within creditors are loans totalling £743,880 (2023 - £743,880) from related parties who have confirmed that they will not seek repayment of the loans until such time as the company has sufficient working capital. On this basis the director considers it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
BRAVER PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of comprehensive income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

Investment property

Investment properties are properties held to earn rent and or capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of the investment properties are included in the Statement of comprehensive income in the year in which they arise.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
BRAVER PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (period ended 31 March 2023 - 1).


4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
526,127


Fair value movement
23,873



At 31 March 2024
550,000

The 2024 valuations were made by the director, on an open market value for existing use basis.




5.


Debtors

2024
2023
£
£

Amounts owed by related undertakings
2,377
-

Other debtors
3,324
3,000

5,701
3,000


Page 5

 
BRAVER PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
240,961
238,023

240,961
238,023



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to related undertakings
743,880
743,880

Corporation tax
3,628
-

Other creditors
2,500
2,500

Accruals and deferred income
11,333
23,467

761,341
769,847



8.


Deferred taxation




2024


£






Charged to the Statement of comprehensive income
5,968



At end of year
5,968

The deferred taxation balance is made up as follows:

2024
2023
£
£


Potential capital gains tax on sale of property
5,968
-

5,968
-

Page 6

 
BRAVER PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1 each
100
100



10.


Related party transactions

The company has taken advantage allowed by Financial Reporting Standard 102 not to disclose transactions with the ultimate parent company and other wholly owned subsidiary undertakings of the group.
 
Included within amounts owed by related undertakings is an amount of £2,377 (2023 - £Nil) due from a company with a common director.
 
Included within amounts owed to related undertakings is an amount of £743,880 (2023 - £743,880) due to a company with a common director.


11.


Ultimate parent undertaking and controlling party

The immediate and ultimate parent company is Gama Investment Group Ltd, a company incorporated in England and Wales. Its registered office is The Maylands Building, Maylands Avenue, Hemel Hempstead, Hertfordshire, United Kingdom, HP2 7TG.
The ultimate controlling parties are the shareholders of Gama Investment Group Ltd.

 
Page 7