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REGISTERED NUMBER: 05205224 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

BRG PROPERTIES LTD

BRG PROPERTIES LTD (REGISTERED NUMBER: 05205224)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRG PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: B S Ghuman





REGISTERED OFFICE: 5 Newton Square
Birmingham
West Midlands
B43 6DY





REGISTERED NUMBER: 05205224 (England and Wales)

BRG PROPERTIES LTD (REGISTERED NUMBER: 05205224)

BALANCE SHEET
31 AUGUST 2024

31/8/24 31/8/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 655,917 654,507

CURRENT ASSETS
Debtors 5 119,555 119,555
Cash at bank 4,152 39,892
123,707 159,447
CREDITORS
Amounts falling due within one year 6 47,060 53,355
NET CURRENT ASSETS 76,647 106,092
TOTAL ASSETS LESS CURRENT
LIABILITIES

732,564

760,599

CREDITORS
Amounts falling due after more than one
year

7

667,055

673,271
NET ASSETS 65,509 87,328

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 65,409 87,228
SHAREHOLDERS' FUNDS 65,509 87,328

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.

BRG PROPERTIES LTD (REGISTERED NUMBER: 05205224)

BALANCE SHEET - 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 by the director and authorised for issue on 27 August 2025 and were signed by:





B S Ghuman - Director


BRG PROPERTIES LTD (REGISTERED NUMBER: 05205224)

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

1. STATUTORY INFORMATION

BRG 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.

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 the rental income received from properties during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Fixtures and fittings - 25% on reducing balance
Computer equipment - 20% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - NIL ) .

BRG PROPERTIES LTD (REGISTERED NUMBER: 05205224)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 September 2023 653,664 750 1,049 655,463
Additions - 1,039 999 2,038
At 31 August 2024 653,664 1,789 2,048 657,501
DEPRECIATION
At 1 September 2023 - 746 210 956
Charge for year - 261 367 628
At 31 August 2024 - 1,007 577 1,584
NET BOOK VALUE
At 31 August 2024 653,664 782 1,471 655,917
At 31 August 2023 653,664 4 839 654,507

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Other debtors 119,555 119,555

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Bank loans and overdrafts (see note 8) 19,288 19,288
Trade creditors 1,242 1,231
Tax 86 4,820
Directors' current accounts 25,214 26,846
Accrued expenses 1,230 1,170
47,060 53,355

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/8/24 31/8/23
£    £   
Bank loans (see note 8) 667,055 673,271

8. LOANS

An analysis of the maturity of loans is given below:

31/8/24 31/8/23
£    £   
Amounts falling due within one year or on demand:
Bank loans 19,288 19,288

BRG PROPERTIES LTD (REGISTERED NUMBER: 05205224)

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

8. LOANS - continued
31/8/24 31/8/23
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 115,728 115,728
Bounce Back Loan 39,045 45,279
Bank loans more 5 yrs 512,282 512,264
667,055 673,271

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/8/24 31/8/23
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 September 2023 87,228
Deficit for the year (21,819 )
At 31 August 2024 65,409