REGISTERED NUMBER: 10477842 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

BRIERS PROPERTY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

9

DIRECTORS:

Mrs D E Brierley

Miss E G Brierley

SECRETARY:

Mrs D E Brierley

REGISTERED OFFICE:

Hen Dy Fferm

Garth Lane

Rudry

Caerphilly

CF83 3DR

REGISTERED NUMBER:

10477842 (England and Wales)

ACCOUNTANTS:

Hayvenhursts

Fairway House

Links Business Park

St Mellons

Cardiff

CF3 0LT

FIXED ASSETS

Tangible assets

5

97,549

88,858

Investments

6

210,515

210,515

308,064

299,373

CURRENT ASSETS

Debtors

7

196,418

3,207

Cash at bank

7,932

8,066

204,350

11,273

CREDITORS

Amounts falling due within one year

8

(172,948

)

(178,831

)

NET CURRENT ASSETS/(LIABILITIES)

31,402

(167,558

)

TOTAL ASSETS LESS CURRENT LIABILITIES

339,466

131,815

CREDITORS

Amounts falling due after more than one year

9

(233,123

)

(45,559

)

NET ASSETS

106,343

86,256

CAPITAL AND RESERVES

Called up share capital

11

201

201

Retained earnings

12

106,142

86,055

SHAREHOLDERS' FUNDS

106,343

86,256

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 28 February 2025 and were signed on its behalf by:

Mrs D E Brierley - Director

1.	STATUTORY INFORMATION

Briers Property 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.	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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

3,310

91,479

94,789

Additions

3,814

15,394

19,208

At 31 December 2024

7,124

106,873

113,997

DEPRECIATION

At 1 January 2024

322

5,609

5,931

Charge for year

1,530

8,987

10,517

At 31 December 2024

1,852

14,596

16,448

NET BOOK VALUE

At 31 December 2024

5,272

92,277

97,549

At 31 December 2023

2,988

85,870

88,858

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

27,773

DEPRECIATION

At 1 January 2024

4,629

Charge for year

6,943

At 31 December 2024

11,572

NET BOOK VALUE

At 31 December 2024

16,201

At 31 December 2023

23,144

6.	FIXED ASSET INVESTMENTS

Shares in

group

Listed

undertakings

investments

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

198,615

11,900

210,515

NET BOOK VALUE

At 31 December 2024

198,615

11,900

210,515

At 31 December 2023

198,615

11,900

210,515

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Cadwaladers (Cardiff) Limited

Registered office:

Nature of business: Retail caterers

%

Class of shares:

holding

Ordinary

100.00

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

152,450

-

Other debtors

43,968

3,207

196,418

3,207

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

130,118

130,118

Hire purchase contracts

5,970

5,970

Tax

14,804

3,690

Social security and other taxes

-

3,523

Other creditors

-

28,475

Accrued expenses

22,056

7,055

172,948

178,831

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

5,000

5,000

Bank loans - 2-5 years

15,000

15,000

Bank loans more 5 yr by instal

6,648

11,131

Other loans - 1-2 years

200,000

-

Hire purchase contracts

6,475

14,428

233,123

45,559

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

6,648

11,131

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Other loans

200,000

-

Hire purchase contracts

12,445

20,398

212,445

20,398

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

200

Ordinary

£1

200

200

1

Preference

£1

1

1

201

201

12.

RESERVES

Retained

earnings

£

At 1 January 2024

86,055

Profit for the year

60,087

Dividends

(40,000

)

At 31 December 2024

106,142

13.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs D E Brierley.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Briers Property Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Briers Property Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Briers Property Limited and state those matters that we have agreed to state to the Board of Directors of Briers Property Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Briers Property Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Briers Property Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Briers Property Limited. You consider that Briers Property Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Briers Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hayvenhursts

Fairway House

Links Business Park

St Mellons

Cardiff

CF3 0LT

28 February 2025