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Unaudited Financial Statements |
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for the Period 24 August 2018 to 31 December 2019 |
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for |
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Brolow Property Ltd |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 24 August 2018 to 31 December 2019 |
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for |
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Brolow Property Ltd |
Brolow Property Ltd (Registered number: 11536105) |
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Contents of the Financial Statements |
for the Period 24 August 2018 to 31 December 2019 |
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Page |
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Balance Sheet | 1 |
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Notes to the Financial Statements | 3 |
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Brolow Property Ltd (Registered number: 11536105) |
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Balance Sheet |
31 December 2019 |
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Notes | £ | £ |
FIXED ASSETS |
Investment property | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank | 6 |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
8 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 9 |
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Retained earnings | 10 |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Brolow Property Ltd (Registered number: 11536105) |
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Balance Sheet - continued |
31 December 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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Brolow Property Ltd (Registered number: 11536105) |
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Notes to the Financial Statements |
for the Period 24 August 2018 to 31 December 2019 |
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1. | STATUTORY INFORMATION |
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Brolow Property Ltd is a
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registered number and registered office address are as below: |
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Registered number: | 11536105 |
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Registered office: | Jaylow House, Leyton Link Estate |
Argall Avenue |
London |
E10 7FD |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
fair value is recognised in profit or loss. |
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Financial instruments |
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 |
'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. |
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Financial Instruments are recognised in the company's balance sheet when the company becomes party to |
contractual provisions of the instrument. |
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Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the |
timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Brolow Property Ltd (Registered number: 11536105) |
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Notes to the Financial Statements - continued |
for the Period 24 August 2018 to 31 December 2019 |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was NIL. |
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4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
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At 31 December 2019 |
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NET BOOK VALUE |
At 31 December 2019 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
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6. | CASH AT BANK |
£ |
Bank account no. 1 | 156,645 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Taxation and social security |
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Other creditors |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
£ |
Bank loans |
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Amounts falling due in more than five years: |
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Repayable otherwise than by instalments |
Bank loans more 5 yrs non-inst |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
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Ordinary | 10 | 10 |
Brolow Property Ltd (Registered number: 11536105) |
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Notes to the Financial Statements - continued |
for the Period 24 August 2018 to 31 December 2019 |
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10. | RESERVES |
Retained |
earnings |
£ |
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Profit for the period |
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At 31 December 2019 |
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11. | RELATED PARTY DISCLOSURES |
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During the year £27,000 was loaned from Brolow Ltd. The shareholder of Brolow Ltd is also the shareholder of |
Brolow Property Ltd |