Company Registration No. 04867224 (England and Wales)
Brentvale Properties Limited
Unaudited accounts
for the year ended 31 July 2021
Brentvale Properties Limited
Unaudited accounts
Contents
Brentvale Properties Limited
Company Information
for the year ended 31 July 2021
Company Number
04867224 (England and Wales)
Registered Office
173 Kings Cross Road
London
WC1X 9BZ
Accountants
Leapman Weiss
Building 6
30 Friern Park
London
N12 9DA
Brentvale Properties Limited
Statement of financial position
as at
31 July 2021
Investment property
450,000
450,000
Cash at bank and in hand
7,285
11,617
Creditors: amounts falling due within one year
(259,641)
(241,218)
Net current liabilities
(252,356)
(229,601)
Total assets less current liabilities
197,644
220,399
Provisions for liabilities
Deferred tax
(32,463)
(32,463)
Net assets
165,181
187,936
Called up share capital
1
1
Profit and loss account
165,180
187,935
Shareholders' funds
165,181
187,936
For the year ending 31 July 2021 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 5 October 2021 and were signed on its behalf by
Mr Peter Barber
Director
Company Registration No. 04867224
Brentvale Properties Limited
Notes to the Accounts
for the year ended 31 July 2021
Brentvale Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 04867224. The registered office is 173 Kings Cross Road, London, WC1X 9BZ.
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.
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.
Turnover is from rental income and is recognised on the basis of rentals receivable.
4
Investment property
2021
Fair value at 1 August 2020
450,000
5
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
8,481
8,969
Other creditors
250,289
250,290
Loans from directors
21
(18,479)
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Loan
18,479
-
18,500
(21)
Brentvale Properties Limited
Notes to the Accounts
for the year ended 31 July 2021
7
Transactions with related parties
During the year, the company received £46,000 in rent from a company under the common control of the director (2020: £48,000).
At the year end, the company owed £250,289 to a company under the common control of the director (2019: £250,290).
8
Average number of employees
During the year the average number of employees was 1 (2020: 1).