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Registrar

Registration number: 13635144

Family Build Bristol Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Family Build Bristol Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Family Build Bristol Limited

Company Information

Directors

M Z Jiwa

K Regan

A Bakrania

Registered office

3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

Bankers

Lloyds Bank Plc
98 Victoria Street
London
SW1E 5JL

Accountants

Lambert Chapman LLP 3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

 

Family Build Bristol Limited

(Registration number: 13635144)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,574

3,433

Investment property

5

686,284

425,000

 

688,858

428,433

Current assets

 

Debtors

6

7,644

633

Cash at bank and in hand

 

17,674

14,291

 

25,318

14,924

Creditors: Amounts falling due within one year

7

(233,825)

(131,672)

Net current liabilities

 

(208,507)

(116,748)

Total assets less current liabilities

 

480,351

311,685

Creditors: Amounts falling due after more than one year

7

(463,912)

(311,515)

Provisions for liabilities

(4,067)

(3,254)

Net assets/(liabilities)

 

12,372

(3,084)

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

12,272

(3,184)

Shareholders' funds/(deficit)

 

12,372

(3,084)

For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Family Build Bristol Limited

(Registration number: 13635144)
Balance Sheet as at 30 September 2024

Approved and authorised by the Board on 4 June 2025 and signed on its behalf by:
 

.........................................
M Z Jiwa
Director

   
     
 

Family Build Bristol Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is: 3 Warners Mill, Silks Way, Braintree, Essex, CM7 3GB, United Kingdom.

These financial statements were authorised for issue by the Board on 4 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of rental properties in the ordinary course of the company’s activities. Turnover is shown net of value added tax, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Tax

Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

 

Family Build Bristol Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Depreciation

Depreciation is charged so as to write off the cost or valuation of assets, other than land over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture and fittings

25% Reducing balance method

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from tenants of the properties rented in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

Family Build Bristol Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Furniture and fittings
£

Total
£

Cost or valuation

At 1 October 2023

4,451

4,451

At 30 September 2024

4,451

4,451

Depreciation

At 1 October 2023

1,018

1,018

Charge for the year

859

859

At 30 September 2024

1,877

1,877

Carrying amount

At 30 September 2024

2,574

2,574

At 30 September 2023

3,433

3,433

5

Investment properties

2024
£

At 1 October

425,000

Additions

261,284

At 30 September

686,284

There has been no valuation of investment property by an independent valuer.

6

Debtors

2024
£

2023
£

Trade debtors

-

340

Prepayments

7,644

293

7,644

633

 

Family Build Bristol Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

25,000

50,000

Taxation and social security

 

979

-

Accruals and deferred income

 

6,196

4,540

Other creditors

 

201,650

77,132

 

233,825

131,672

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

463,912

311,515


Creditors include bank loans which are secured of £463,912 (2023 - £311,515).

Creditors include bank loans not repayable by instalments of £463,912 (2023 - £311,515) due after more than five years.

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       
 

Family Build Bristol Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

9

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

25,000

50,000

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

463,912

311,515