Acorah Software Products - Accounts Production 16.2.850 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 04823620 Mr. Harmit Brar Mr Teja Brar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04823620 2023-07-31 04823620 2024-07-31 04823620 2023-08-01 2024-07-31 04823620 frs-core:Non-currentFinancialInstruments 2024-07-31 04823620 frs-core:PlantMachinery 2023-08-01 2024-07-31 04823620 frs-core:RevaluationReserve 2023-07-31 04823620 frs-core:RevaluationReserve 2024-07-31 04823620 frs-core:ShareCapital 2024-07-31 04823620 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 04823620 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 04823620 frs-bus:AbridgedAccounts 2023-08-01 2024-07-31 04823620 frs-bus:SmallEntities 2023-08-01 2024-07-31 04823620 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 04823620 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 04823620 frs-bus:Director1 2023-08-01 2024-07-31 04823620 frs-bus:Director2 2023-08-01 2024-07-31 04823620 frs-countries:EnglandWales 2023-08-01 2024-07-31 04823620 2022-07-31 04823620 2023-07-31 04823620 2022-08-01 2023-07-31 04823620 frs-core:Non-currentFinancialInstruments 2023-07-31 04823620 frs-core:RevaluationReserve 2023-07-31 04823620 frs-core:ShareCapital 2023-07-31 04823620 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 04823620
Brar Properties Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 04823620
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 768,216 768,342
768,216 768,342
CURRENT ASSETS
Debtors 392,779 351,579
Cash at bank and in hand 199 746
392,978 352,325
Creditors: Amounts Falling Due Within One Year (21,549 ) (24,338 )
NET CURRENT ASSETS (LIABILITIES) 371,429 327,987
TOTAL ASSETS LESS CURRENT LIABILITIES 1,139,645 1,096,329
Creditors: Amounts Falling Due After More Than One Year (315,741 ) (328,324 )
NET ASSETS 823,904 768,005
CAPITAL AND RESERVES
Called up share capital 5 1 1
Revaluation reserve 6 171,330 171,330
Profit and Loss Account 652,573 596,674
SHAREHOLDERS' FUNDS 823,904 768,005
Page 1
Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 July 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr. Harmit Brar
Director
9 April 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Brar Properties Ltd Registered number 04823620 is a limited by shares company incorporated in England & Wales. The Registered Office is 20 Pownall Road, Hounslow, Middlesex, TW3 1YN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance basis
2.4. Investment Properties
Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.
Investment properties shall be included in the balance sheet at their market value.
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Total
£
Cost
As at 1 August 2023 779,954
As at 31 July 2024 779,954
Depreciation
As at 1 August 2023 11,612
Provided during the period 126
As at 31 July 2024 11,738
Net Book Value
As at 31 July 2024 768,216
As at 1 August 2023 768,342
The investment properties were last revalued at an open market valuation by the director based on his local knowledge.
The historic cost of these properties is £ 596,507 (2023- £ 596,507).
Deferred taxation
Potential liability to taxation based on the revaled amount would be £35,000 (2023 - £35,000). At present there is no intention to sell any of the company's properties and no provision has therefore been made.
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
6. Reserves
Revaluation Reserve
£
As at 1 August 2023 171,330
As at 31 July 2024 171,330
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