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REGISTERED NUMBER: 06336296 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

BROOKLODGE PROPERTIES LTD

BROOKLODGE PROPERTIES LTD (REGISTERED NUMBER: 06336296)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BROOKLODGE PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: J Fekete





SECRETARY: E Matyas





REGISTERED OFFICE: 115 Craven Park Road
South Tottenham
London
N15 6BL





REGISTERED NUMBER: 06336296 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

BROOKLODGE PROPERTIES LTD (REGISTERED NUMBER: 06336296)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 563 662
Investment property 6 2,000,000 2,000,000
2,000,563 2,000,662

CURRENT ASSETS
Debtors 7 766,885 798,522
Cash at bank 2,813 10,142
769,698 808,664
CREDITORS
Amounts falling due within one year 8 (292,922 ) (294,168 )
NET CURRENT ASSETS 476,776 514,496
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,477,339

2,515,158

CREDITORS
Amounts falling due after more than one
year

9

(1,029,930

)

(1,033,890

)

PROVISIONS FOR LIABILITIES (215,229 ) (215,229 )
NET ASSETS 1,232,180 1,266,039

CAPITAL AND RESERVES
Called up share capital 12 2 2
Fair value reserve 13 927,928 927,928
Retained earnings 13 304,250 338,109
SHAREHOLDERS' FUNDS 1,232,180 1,266,039

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

BROOKLODGE PROPERTIES LTD (REGISTERED NUMBER: 06336296)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 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 Income Statement has not been delivered.

The financial statements were approved and authorized for issue by the director and authorised for issue on 3 April 2025 and were signed by:





J Fekete - Director


BROOKLODGE PROPERTIES LTD (REGISTERED NUMBER: 06336296)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Brooklodge Properties Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net rent receivable excluding, value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

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

BROOKLODGE PROPERTIES LTD (REGISTERED NUMBER: 06336296)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 September 2023
and 31 August 2024 4,365
DEPRECIATION
At 1 September 2023 3,703
Charge for year 99
At 31 August 2024 3,802
NET BOOK VALUE
At 31 August 2024 563
At 31 August 2023 662

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 2,000,000
NET BOOK VALUE
At 31 August 2024 2,000,000
At 31 August 2023 2,000,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2017 1,143,157
Cost 856,843
2,000,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 766,885 798,522

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other creditors 292,922 294,168

BROOKLODGE PROPERTIES LTD (REGISTERED NUMBER: 06336296)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans (see note 10) 1,023,000 1,023,000
Other creditors 6,930 10,890
1,029,930 1,033,890

Bank loan includes £6,930 [2023 - £10,890] received under Bounceback Loan Scheme (BBL). The loan is unsecured, interest free for the first year with interest capped at 2.5% afterwards and backed by HM Government.

10. LOANS

An analysis of the maturity of loans is given below:

31.8.24 31.8.23
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 1,023,000 1,023,000
Other loans - 2-5 years 6,930 10,890
1,029,930 1,033,890

11. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 1,023,000 1,023,000

Bank loan is secured by the way of first charge against the company's investment properties.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
2 Ordinary £1 2 2

13. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 September 2023 338,109 927,928 1,266,037
Deficit for the year (33,859 ) (33,859 )
At 31 August 2024 304,250 927,928 1,232,178