|
Registered number: 06207680
4BROTHERS PROPERTIES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
|
|
4BROTHERS PROPERTIES LIMITED
COMPANY INFORMATION
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cooper Parry Advisory Limited
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4BROTHERS PROPERTIES LIMITED
REGISTERED NUMBER: 06207680
BALANCE SHEET
AS AT 31 OCTOBER 2025
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets less current liabilities
|
|
|
|
|
|
Provisions for liabilities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment property revaluation reserve
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Page 1
|
|
4BROTHERS PROPERTIES LIMITED
REGISTERED NUMBER: 06207680
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2025
The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 29 July 2027.
The notes on pages 3 to 9 form part of these financial statements.
Page 2
|
|
4BROTHERS PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
1.Accounting policies
4Brothers Properties Limited (''the company'') is a limited liability company incorporated and domiciled in the United Kingdom. The address of its registered office is 4brothers House, Wilsthorpe Road, Long Eaton, Nottingham, NG10 3LE.
The financial statements are prepared in Sterling (£), which is functional currency of the company. The financial statements are for the year ended 31 October 2025 (2024: year ended 31 October 2024).
|
|
|
Basis of preparation of financial statements
|
The financial statements have been prepared on a going concern basis under the historical cost convention unless otherwise stated in these accounting policies, and in accordance with Financial Reporting Standard (FRS) 102, the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland, including section 1A of FRS 102 and the Companies Act 2006.
The following principal accounting policies have been applied:
At the balance sheet date the company had a strong net asset position. At the the time of signing these accounts, the directors have considered the going concern position and consider that this indicates that the company will continue to trade for a period of at least 12 months from the date of signing these accounts.
On that basis, the directors have prepared these accounts on a going concern basis.
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable.
Turnover relating to rent receivable is accounted for on an accruals basis.
Finance costs are charged to the profit and loss account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Tangible fixed assets under the cost model, other than investment properties, are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by the directors.
Repairs and maintenance are charged to the profit and loss account during the period in which they are incurred.
Page 3
|
|
4BROTHERS PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
1.Accounting policies (continued)
|
|
|
Tangible fixed assets (continued)
|
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the profit and loss account.
At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that ant items have suffered an impairment loss. If any such indication exists, the recoverable amount of the assets is estimated in order to determine the extend of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised as an expense immediately in the profit and loss account.
Investment property is carried at fair value determined annually by the directors based on advice received from professional surveyors and also derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the profit and loss account and transferred to the investment property revaluation reserve in the statement of changes in equity.
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties and loans with related parties.
All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an assets' carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.
Page 4
|
|
4BROTHERS PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
1.Accounting policies (continued)
|
|
|
Provisions for liabilities
|
Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the profit and loss account in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the balance sheet.
The tax expense for the year comprises current and deferred tax.
Current tax is recognised for the amount of corporation tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that have been enacted or substantively enacted by the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date, expect as otherwise indicated.
Deferred tax assets are only recognised to the extend that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is calculated using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing differences.
Deferred tax on unrealised gains on fair value adjustments to investment properties is transferred within the statement of changes in equity to the investment property revaluation reserve.
|
|
The average monthly number of employees, including directors who did not receive any remuneration during the year, was 4 (2024: 4).
|
Page 5
|
|
4BROTHERS PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 1 November 2024 and 31 October 2025
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Freehold investment property
|
|
|
|
|
|
|
|
At 1 November 2024 and 31 October 2025
|
|
Investment properties were valued at fair value at the year by the directors, based on advice received from professional surveyors.
Page 6
|
|
4BROTHERS PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
|
|
Creditors: Amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other taxation and social security
|
|
|
|
|
|
|
|
|
|
Accruals and deferred income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Charged to the profit and loss account
|
|
|
|
|
|
|
The provision for deferred taxation is made up as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed asset timing differences
|
|
|
|
|
|
|
|
Page 7
|
|
4BROTHERS PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
|
|
|
Allotted, called up and fully paid
|
|
|
|
|
|
|
|
|
|
|
|
100 Ordinary shares of £1 each
|
|
|
|
|
|
1 A Dividend Only share of £1
|
|
|
|
|
|
1 B Dividend Only share of £1
|
|
|
|
|
|
1 C Dividend Only share of £1
|
|
|
|
|
|
1 D Dividend Only share of £1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The Ordinary shares confer full rights to voting and dividend distributions.
The A Dividend Only, B Dividend Only, C Dividend Only and D Dividend Only shares do not hold a right to vote, but do confer full rights to dividend and capital distributions, which are limited to an amount equal to their issue price. The shares are not redeemable.
|
Investment property revaluation reserve
The balance held in the investment property revaluation reserve relates to changes in the fair value of the investment properties net of movement in associated deferred tax.
Profit and loss account
The profit and loss account represents accumulated profits and losses for prior periods, less dividends paid.
|
|
Related party transactions
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts due to companies in which a director or close family member has significant interest
|
|
|
|
|
Amounts due from companies in which a director or close family member has significant interest
|
|
|
|
|
Rent received from companies in which a director or close family member has significant interest
|
|
|
|
|
Amounts due to the directors are interest free, unsecured and have no fixed repayment date.
The amounts due from companies in which a director has a significant interest or where a director has a close family member who is a director and have significant interest are interest free, unsecured and have no fixed repayment date.
|
Page 8
|
|
4BROTHERS PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
The company is controlled by R L Bhardwaj and B K Bhardwaj by virtue of their majority shareholding.
Page 9
|