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REGISTERED NUMBER: 09951148 (England and Wales)




















Financial Statements

for the Year Ended 31 January 2023

for

BRICK CASTLE LIMITED

BRICK CASTLE LIMITED (REGISTERED NUMBER: 09951148)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRICK CASTLE LIMITED

Company Information
for the Year Ended 31 January 2023







DIRECTOR: Mr. L Campbell





REGISTERED OFFICE: 143 Station Road
Hampton
Middlesex
TW12 2AL





REGISTERED NUMBER: 09951148 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

BRICK CASTLE LIMITED (REGISTERED NUMBER: 09951148)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,723 4,108
Investment property 6 862,077 862,077
863,800 866,185

CURRENT ASSETS
Debtors 7 108,898 108,168
Cash at bank 65,992 68,434
174,890 176,602
CREDITORS
Amounts falling due within one year 8 (748,662 ) (740,043 )
NET CURRENT LIABILITIES (573,772 ) (563,441 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

290,028

302,744

CREDITORS
Amounts falling due after more than one
year

9

(324,398

)

(347,428

)
NET LIABILITIES (34,370 ) (44,684 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 (34,470 ) (44,784 )
SHAREHOLDERS' FUNDS (34,370 ) (44,684 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

BRICK CASTLE LIMITED (REGISTERED NUMBER: 09951148)

Balance Sheet - continued
31 January 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 director and authorised for issue on 19 September 2023 and were signed by:




Mr. L Campbell - Director



Ms. Y Y Li - Director


BRICK CASTLE LIMITED (REGISTERED NUMBER: 09951148)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Brick Castle 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.

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 as modified by the revaluation of certain assets.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Business Know How is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on reducing balance

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.

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.

BRICK CASTLE LIMITED (REGISTERED NUMBER: 09951148)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2022
and 31 January 2023 19,800
AMORTISATION
At 1 February 2022
and 31 January 2023 19,800
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2022
and 31 January 2023 17,626 4,319 21,945
DEPRECIATION
At 1 February 2022 13,964 3,873 17,837
Charge for year 1,939 446 2,385
At 31 January 2023 15,903 4,319 20,222
NET BOOK VALUE
At 31 January 2023 1,723 - 1,723
At 31 January 2022 3,662 446 4,108

BRICK CASTLE LIMITED (REGISTERED NUMBER: 09951148)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022
and 31 January 2023 862,077
NET BOOK VALUE
At 31 January 2023 862,077
At 31 January 2022 862,077

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Other debtors 108,898 108,168

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 12,490 -
Taxation and social security 2,978 2,864
Other creditors 733,194 737,179
748,662 740,043

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans 324,398 347,428

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 324,398 347,428

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
100 Ordinary £1 100 100

BRICK CASTLE LIMITED (REGISTERED NUMBER: 09951148)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

11. RESERVES
Retained
earnings
£   

At 1 February 2022 (44,784 )
Profit for the year 10,314
At 31 January 2023 (34,470 )

Reserves include £801 which is not distributable. This relates to the unrealised revaluation of an investment property and the deferred tax effects.

12. GOING CONCERN

The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.