REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 APRIL 2023 TO 30 JUNE 2024 |
FOR |
BROWOOD LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 APRIL 2023 TO 30 JUNE 2024 |
FOR |
BROWOOD LIMITED |
BROWOOD LIMITED (REGISTERED NUMBER: 03531603) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 APRIL 2023 TO 30 JUNE 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
BROWOOD LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 1 APRIL 2023 TO 30 JUNE 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
115 Craven Park Road |
South Tottenham |
London |
N15 6BL |
BROWOOD LIMITED (REGISTERED NUMBER: 03531603) |
BALANCE SHEET |
30 JUNE 2024 |
30.6.24 | 31.3.23 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Retained earnings | 11 |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
BROWOOD LIMITED (REGISTERED NUMBER: 03531603) |
BALANCE SHEET - continued |
30 JUNE 2024 |
The financial statements were approved by the director and authorised for issue on |
BROWOOD LIMITED (REGISTERED NUMBER: 03531603) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 APRIL 2023 TO 30 JUNE 2024 |
1. | STATUTORY INFORMATION |
Browood Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents net rent receivable, excluding value added tax. |
Investment property |
Investment properties are properties held to earn rental income or for capital appreciation or for both. |
Investment properties are recognised initially at cost. |
Subsequent to initial recognition: |
a. Investment properties whose fair value can be measured reliably without undue cost or effort are held at fair value. Any gains or losses arising from change in fair value are recognised in profit or loss in the period that they arise; and |
b. no depreciation is provided in respect of investment properties applying the fair value model. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 April 2023 |
Disposals | ( |
) |
At 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
At 31 March 2023 |
The director has confirmed that there is no significant increase or decrease in the property market value. |
BROWOOD LIMITED (REGISTERED NUMBER: 03531603) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 APRIL 2023 TO 30 JUNE 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.24 | 31.3.23 |
£ | £ |
Other debtors |
VAT |
Prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.24 | 31.3.23 |
£ | £ |
Tax |
Social security and other taxes |
Other creditors |
Directors' current accounts | 6,987 | 6,987 |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.6.24 | 31.3.23 |
£ | £ |
Bank loans (see note 8) |
Other loans (see note 8) |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Bank loans more 5 yrs non-inst |
Repayable by instalments |
Other loans more 5yrs instal | 38,229 | - |
8. | LOANS |
An analysis of the maturity of loans is given below: |
30.6.24 | 31.3.23 |
£ | £ |
Amounts falling due between two and five years: |
Bank loans - 2-5 years |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Bank loans more 5 yrs non-inst | 171,621 | 300,089 |
BROWOOD LIMITED (REGISTERED NUMBER: 03531603) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 APRIL 2023 TO 30 JUNE 2024 |
8. | LOANS - continued |
30.6.24 | 31.3.23 |
£ | £ |
Repayable by instalments |
Other loans more 5yrs instal | 38,229 | - |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
30.6.24 | 31.3.23 |
£ | £ |
Bank loans |
Other loans |
1.Long term bank loan is secured by first charge over the company's investment property and bear interest at variable rates. |
2. Under the bank loan, £38,229.was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government. |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.6.24 | 31.3.23 |
value: | £ | £ |
Ordinary | £2 | 2 | 2 |
11. | RESERVES |
Retained |
earnings |
£ |
At 1 April 2023 |
Profit for the period |
At 30 June 2024 |
12. | ULTIMATE CONTROLLING PARTY |
D Rothbart is the ultimate controller by virtue of owning 100% of the ordinary share capital in the company. |