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REGISTERED NUMBER: 08027076 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 December 2024

for

A G Bracey Properties Limited

A G Bracey Properties Limited (Registered number: 08027076)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A G Bracey Properties Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr A G Bracey Jnr
Mrs M Hastings





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY





REGISTERED NUMBER: 08027076 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

A G Bracey Properties Limited (Registered number: 08027076)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Investment property 4 1,425,000 1,425,000

CURRENT ASSETS
Debtors 5 488 1,047
Cash at bank 102,361 63,347
102,849 64,394
CREDITORS
Amounts falling due within one year 6 16,013 12,953
NET CURRENT ASSETS 86,836 51,441
TOTAL ASSETS LESS CURRENT LIABILITIES 1,511,836 1,476,441

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Share premium 8 1,016,950 1,016,950
Retained earnings 8 493,886 458,491
SHAREHOLDERS' FUNDS 1,511,836 1,476,441

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 by the Board of Directors and authorised for issue on 6 May 2025 and were signed on its behalf by:




Mr A G Bracey Jnr - Director



Mrs M Hastings - Director


A G Bracey Properties Limited (Registered number: 08027076)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

A G Bracey Properties 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover consists of rents receivable. Revenue is recognised evenly over the rental period.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 1,425,000
NET BOOK VALUE
At 31 December 2024 1,425,000
At 31 December 2023 1,425,000

A G Bracey Properties Limited (Registered number: 08027076)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. INVESTMENT PROPERTY - continued

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2017 (444,100 )
Valuation in 2018 37,500
Valuation in 2021 325,000
Cost 1,506,600
1,425,000

The investment properties was valued on an open market basis on 31 December 2024 by the Directors.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors - 400
Prepayments 488 647
488 1,047

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Tax 10,526 7,702
Other creditors 1,603 1,603
Deferred income 1,250 1,250
Accrued expenses 2,634 2,398
16,013 12,953

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
50 Ordinary £1 50 50
950 Ordinary B £1 950 950
1,000 1,000

8. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 January 2024 458,491 1,016,950 1,475,441
Profit for the year 36,395 36,395
Dividends (1,000 ) (1,000 )
At 31 December 2024 493,886 1,016,950 1,510,836

As at 31 December 2024, the retained earnings available for distribution are £575,226, this is due to non-distributable adjustments made to date totalling £81,600.

A G Bracey Properties Limited (Registered number: 08027076)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. RELATED PARTY DISCLOSURES

Rents of £24,000 (2023 - £24,000) have been received from A G Bracey Ltd, a company under common control.