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REGISTERED NUMBER: 07003812 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

BRINDLE HOMES LIMITED

BRINDLE HOMES LIMITED (REGISTERED NUMBER: 07003812)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRINDLE HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTOR: Mr C D Brown





SECRETARY: Mr D G Brown





REGISTERED OFFICE: Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH





REGISTERED NUMBER: 07003812 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

BRINDLE HOMES LIMITED (REGISTERED NUMBER: 07003812)

BALANCE SHEET
31 DECEMBER 2022

31/12/22 31/12/21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 67,288 42,942

CURRENT ASSETS
Work in progress 5 2,060,434 1,942,647
Debtors 6 113,620 105,260
Cash at bank 71,937 281,712
2,245,991 2,329,619
CREDITORS
Amounts falling due within one year 7 1,345,134 1,424,819
NET CURRENT ASSETS 900,857 904,800
TOTAL ASSETS LESS CURRENT
LIABILITIES

968,145

947,742

CREDITORS
Amounts falling due after more than one
year

8

34,742

37,784
NET ASSETS 933,403 909,958

CAPITAL AND RESERVES
Called up share capital 900,090 900,090
Capital redemption reserve 10 10
Retained earnings 33,303 9,858
SHAREHOLDERS' FUNDS 933,403 909,958

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

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.

BRINDLE HOMES LIMITED (REGISTERED NUMBER: 07003812)

BALANCE SHEET - continued
31 DECEMBER 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 September 2023 and were signed by:





Mr C D Brown - Director


BRINDLE HOMES LIMITED (REGISTERED NUMBER: 07003812)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

Brindle Homes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Motor vehicles - 15% on cost
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment in value.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing work in progress to their present location and condition.

Taxation
Taxation for the year 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.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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 year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

BRINDLE HOMES LIMITED (REGISTERED NUMBER: 07003812)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

2. ACCOUNTING POLICIES - continued

Going concern
The director believes that the company has sufficient trade and financial resources to continue in operational existence for the foreseeable future. Thus the Going Concern basis of accounting in preparing the annual financial statements has been adopted.

Fixed asset investments
Fixed asset investments are measured at cost less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2022 43,343 23,578 2,041 68,962
Additions 14,310 16,900 1,695 32,905
Disposals - (8,949 ) - (8,949 )
At 31 December 2022 57,653 31,529 3,736 92,918
DEPRECIATION
At 1 January 2022 5,438 18,640 1,942 26,020
Charge for year 4,089 4,096 374 8,559
Eliminated on disposal - (8,949 ) - (8,949 )
At 31 December 2022 9,527 13,787 2,316 25,630
NET BOOK VALUE
At 31 December 2022 48,126 17,742 1,420 67,288
At 31 December 2021 37,905 4,938 99 42,942

5. WORK IN PROGRESS
31/12/22 31/12/21
£    £   
Work-in-progress 2,060,434 1,942,647

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/22 31/12/21
£    £   
Trade debtors - 30,000
VAT 11,030 -
Deferred tax asset 85,567 64,258
Prepayments 17,023 11,002
113,620 105,260

BRINDLE HOMES LIMITED (REGISTERED NUMBER: 07003812)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/22 31/12/21
£    £   
Bank loans and overdrafts 10,648 10,648
Hire purchase contracts 5,203 -
Trade creditors 65,788 89,920
Social security and other taxes 5,317 5,610
VAT - 28,863
Other creditors 1,257,328 1,287,328
Accrued expenses 850 2,450
1,345,134 1,424,819

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/22 31/12/21
£    £   
Bank loans - 1-2 years 10,648 10,648
Bank loans - 2-5 years 17,590 27,136
Hire purchase contracts 6,504 -
34,742 37,784

9. SECURED DEBTS

The following secured debts are included within creditors:

31/12/22 31/12/21
£    £   
Bank loans 38,886 48,432

10. RELATED PARTY DISCLOSURES

During the year, the company repaid £30,000 of monies loaned to Mr D G Brown.

The remaining balance owing to Mr D G Brown, totalling £207,243, was novated to DGB1998 Holdings Limited during the year, a company owned and controlled by Mr D G Brown and Mr C D Brown.

As at 31 December 2022, no monies were owed to Mr D G Brown (2021: £237,243).

During the year, Management Charges totalling £10,000 (2021: £Nil) excl. VAT were charged to DGB1998 Holdings Limited

As at 31 December 2022, the company owed £1,257,245 (2021: £1,050,002) to DGB1998 Holdings Limited. The loan is repayable on demand and no interest has been charged.