Company Registration No. 10290665 (England and Wales)
Bredin Property Ltd
Unaudited accounts
for the year ended 31 July 2025
Bredin Property Ltd
Unaudited accounts
Contents
Bredin Property Ltd
Company Information
for the year ended 31 July 2025
Company Number
10290665 (England and Wales)
Registered Office
20-22 Wenlock Road
London
N1 7GU
England
Accountants
Austin, Taylor Limited
16 Dover Street
Canterbury
Kent
CT1 3HD
Bredin Property Ltd
Statement of financial position
as at 31 July 2025
Investment property
135,000
125,000
Cash at bank and in hand
16,441
(3,103)
Creditors: amounts falling due within one year
(88,525)
(62,660)
Net current liabilities
(71,484)
(65,188)
Total assets less current liabilities
63,602
59,920
Creditors: amounts falling due after more than one year
(71,272)
(71,272)
Provisions for liabilities
Deferred tax
(7,211)
(5,310)
Net liabilities
(14,881)
(16,662)
Called up share capital
1
1
Fair value reserve
37,951
27,951
Profit and loss account
(52,833)
(44,614)
Shareholders' funds
(14,881)
(16,662)
For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 October 2025 and were signed on its behalf by
Mr N Willis
Director
Company Registration No. 10290665
Bredin Property Ltd
Notes to the Accounts
for the year ended 31 July 2025
Bredin Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 10290665. The registered office is 20-22 Wenlock Road, London, N1 7GU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Rental Income is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Rental Income from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Rental Income from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% On Cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Bredin Property Ltd
Notes to the Accounts
for the year ended 31 July 2025
The financial statements have been prepared on the going concern basis, notwithstanding the deficiency of net assets, on the grounds that the director has confirmed the necessary funds will be made available for the company to meet its obligations as and when they fall due.
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 August 2024
125,000
Net gain from fair value adjustments
10,000
Amounts falling due within one year
Accrued income and prepayments
35
55
7
Creditors: amounts falling due within one year
2025
2024
Loans from directors
86,962
60,915
8
Creditors: amounts falling due after more than one year
2025
2024
Bredin Property Ltd
Notes to the Accounts
for the year ended 31 July 2025
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).