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REGISTERED NUMBER: 03531603 (England and Wales)















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: D Rothbart





REGISTERED OFFICE: Unit 4 70-72 Markfield Road
London
N15 4QF





REGISTERED NUMBER: 03531603 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
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 4 113,024 171,036

CURRENT ASSETS
Debtors 5 362,345 216,304
Cash at bank 971 1
363,316 216,305
CREDITORS
Amounts falling due within one year 6 (218,805 ) (30,717 )
NET CURRENT ASSETS 144,511 185,588
TOTAL ASSETS LESS CURRENT
LIABILITIES

257,535

356,624

CREDITORS
Amounts falling due after more than one
year

7

(209,850

)

(341,832

)
NET ASSETS 47,685 14,792

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 11 47,683 14,790
SHAREHOLDERS' FUNDS 47,685 14,792

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

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

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 March 2025 and were signed by:





D Rothbart - Director


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 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 171,036
Disposals (58,012 )
At 30 June 2024 113,024
NET BOOK VALUE
At 30 June 2024 113,024
At 31 March 2023 171,036

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 354,516 205,403
VAT - 1,506
Prepayments 7,829 9,395
362,345 216,304

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 31.3.23
£    £   
Tax 22,033 3,756
Social security and other taxes 85 85
Other creditors 185,622 16,341
Directors' current accounts 6,987 6,987
Accrued expenses 4,078 3,548
218,805 30,717

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 31.3.23
£    £   
Bank loans (see note 8) 171,621 341,832
Other loans (see note 8) 38,229 -
209,850 341,832

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 171,621 300,089

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 - 41,743

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 171,621 341,832
Other loans 38,229 -
209,850 341,832

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: £    £   
2 Ordinary £2 2 2

11. RESERVES
Retained
earnings
£   

At 1 April 2023 14,790
Profit for the period 32,893
At 30 June 2024 47,683

12. ULTIMATE CONTROLLING PARTY

D Rothbart is the ultimate controller by virtue of owning 100% of the ordinary share capital in the company.