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Registered number: 13151762
Brightbox Properties Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2025
Property Accounts Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13151762
2025 2024
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 905,000 875,000
Investments 5 1 1
905,001 875,001
CURRENT ASSETS
Debtors 6 5,606 -
Cash at bank and in hand 7,646 56,122
13,252 56,122
Creditors: Amounts Falling Due Within One Year 7 (62,260 ) (116,474 )
NET CURRENT ASSETS (LIABILITIES) (49,008 ) (60,352 )
TOTAL ASSETS LESS CURRENT LIABILITIES 855,993 814,649
Creditors: Amounts Falling Due After More Than One Year 8 (645,979 ) (647,439 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (44,526 ) (36,804 )
NET ASSETS 165,488 130,406
CAPITAL AND RESERVES
Called up share capital 9 1 1
Revaluation reserve 10 179,181 156,903
Profit and Loss Account (13,694 ) (26,498 )
SHAREHOLDERS' FUNDS 165,488 130,406
Page 1
Page 2
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
On behalf of the board
Mr Victor Bende
Director
17/10/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Brightbox Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13151762 . The registered office is c/o Property Accounts Limited, 59 Castle Street, Reading, RG1 7SN.
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 is recognised as rental income received.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
2.4. Investment Properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The fair value of the investment property has been arrived at by the directors best estimate. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Investment Property
2025
£
Fair Value
As at 1 July 2024 875,000
Revaluations 30,000
As at 30 June 2025 905,000
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Page 4
5. Investments
Unlisted
£
Cost or Valuation
As at 1 July 2024 1
As at 30 June 2025 1
Provision
As at 1 July 2024 -
As at 30 June 2025 -
Net Book Value
As at 30 June 2025 1
As at 1 July 2024 1
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 5,606 -
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 2,019
Other creditors 5,606 -
Director's loan account 8,653 61,449
Amounts owed to related parties 48,001 48,001
Income recieved in advance - 5,005
62,260 116,474
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Mortgages 645,979 647,439
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
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10. Reserves
Revaluation Reserve
£
As at 1 July 2024 156,903
Surplus on revaluation 22,278
As at 30 June 2025 179,181
11. Related Party Transactions
Related party transactions include to:
£(48,001) (2024: £(48,001)) owed to Smat Solutions Ltd, a company of which Victor Bende is a shareholder.
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