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Company registration number: 13488391
Brace Property Limited
Unaudited filleted financial statements
31 July 2025
Brace Property Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Brace Property Limited
Directors and other information
Directors Mr RML Brace
Dr D Rossi
Company number 13488391
Registered office 3 The Butchery
Sandwich
Kent
CT13 9DL
Accountants WJ Matthews & Son
11-15 Bridge Street
Caernarfon
Gwynedd
LL55 1AB
Brace Property Limited
Statement of financial position
31 July 2025
2025 2024
Note £ £ £ £
Current assets
Debtors 4 10,959 -
Cash at bank and in hand 7,769 120
_______ _______
18,728 120
Creditors: amounts falling due
within one year 5 ( 20,111) -
_______ _______
Net current (liabilities)/assets ( 1,383) 120
_______ _______
Total assets less current liabilities ( 1,383) 120
_______ _______
Net (liabilities)/assets ( 1,383) 120
_______ _______
Capital and reserves
Called up share capital 120 120
Profit and loss account ( 1,503) -
_______ _______
Shareholders (deficit)/funds ( 1,383) 120
_______ _______
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.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 29 July 2026 , and are signed on behalf of the board by:
Mr RML Brace
Director
Company registration number: 13488391
Brace Property Limited
Notes to the financial statements
Year ended 31 July 2025
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 3 The Butchery, Sandwich, Kent, CT13 9DL.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured 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 difference.
4. Debtors
2025 2024
£ £
Other debtors 10,959 -
_______ _______
5. Creditors: amounts falling due within one year
2025 2024
£ £
Other creditors 20,111 -
_______ _______
6. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2025
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr RML Brace - ( 14,711) ( 14,711)
_______ _______ _______
2024
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr RML Brace - - -
_______ _______ _______
7. Controlling party
The company is controlled by its directors .