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REGISTERED NUMBER: NI679150 (Northern Ireland)















BRENT (NO.190) LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023






BRENT (NO.190) LIMITED (REGISTERED NUMBER: NI679150)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BRENT (NO.190) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Des Nugent
Anne Nugent





REGISTERED OFFICE: 16 Fairhill Road
Cookstown
Co. Tyrone
BT80 8AG





REGISTERED NUMBER: NI679150 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

BRENT (NO.190) LIMITED (REGISTERED NUMBER: NI679150)

STATEMENT OF FINANCIAL POSITION
31 MAY 2023

2023 2022
Notes £ £
NON-CURRENT ASSETS
Investments 5 2 2

CURRENT ASSETS
Receivables: amounts falling due within
one year

6

2,157,186

4,225,339
Cash at bank 8,143,071 6,384,621
10,300,257 10,609,960
PAYABLES
Amounts falling due within one year 7 (1,541,927 ) (1,843,041 )
NET CURRENT ASSETS 8,758,330 8,766,919
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,758,332

8,766,921

PAYABLES
Amounts falling due after more than
one year

8

(4,153,747

)

(4,153,747

)
NET ASSETS 4,604,585 4,613,174

CAPITAL AND RESERVES
Called up share capital 8 8
Retained earnings 4,604,577 4,613,166
4,604,585 4,613,174

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BRENT (NO.190) LIMITED (REGISTERED NUMBER: NI679150)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 2023


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 Board of Directors and authorised for issue on 11 September 2023 and were signed on its behalf by:




Des Nugent - Director



Anne Nugent - Director


BRENT (NO.190) LIMITED (REGISTERED NUMBER: NI679150)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Brent (No.190) Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

BRENT (NO.190) LIMITED (REGISTERED NUMBER: NI679150)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 June 2022
and 31 May 2023 2
NET BOOK VALUE
At 31 May 2023 2
At 31 May 2022 2

6. RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Amounts owed by group undertakings 2,157,186 4,225,339

7. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Amounts owed to group undertakings - 470,000
Taxation and social security 12,816 -
Other payables 1,529,111 1,373,041
1,541,927 1,843,041

8. PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR
2023 2022
£ £
Bank loans 4,153,747 4,153,747

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is a loan from the director to the company of £1,527,612 (2022: £1,373,042) There are no set repayment terms and no interest is chargeable.