BRICKS FINANCE LIMITED

Company Registration Number:
09298424 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2023

Period of accounts

Start date: 01 May 2022

End date: 30 April 2023

BRICKS FINANCE LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2023

Balance sheet
Notes

BRICKS FINANCE LIMITED

Balance sheet

As at 30 April 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 127,638 124,558
Total fixed assets: 127,638 124,558
Current assets
Debtors: 4 46,390,359 30,329,049
Cash at bank and in hand: 1,201,918 2,320,860
Total current assets: 47,592,277 32,649,909
Creditors: amounts falling due within one year: 5 (11,560,510) (8,905,675)
Net current assets (liabilities): 36,031,767 23,744,234
Total assets less current liabilities: 36,159,405 23,868,792
Creditors: amounts falling due after more than one year: 6 (31,575,631) (21,258,702)
Provision for liabilities: (31,910) (31,140)
Total net assets (liabilities): 4,551,864 2,578,950
Capital and reserves
Called up share capital: 2,550 2,550
Share premium account: 336,600 336,600
Other reserves: 850 850
Profit and loss account: 4,211,864 2,238,950
Shareholders funds: 4,551,864 2,578,950

The notes form part of these financial statements

BRICKS FINANCE LIMITED

Balance sheet statements

For the year ending 30 April 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 18 August 2023
and signed on behalf of the board by:

Name: Clive John Banks
Status: Director

The notes form part of these financial statements

BRICKS FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

BRICKS FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

2. Employees

2023 2022
Average number of employees during the period 6 4

BRICKS FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

3. Tangible Assets

Total
Cost £
At 01 May 2022 160,516
Additions 113,486
Disposals (100,000)
At 30 April 2023 174,002
Depreciation
At 01 May 2022 35,958
Charge for year 30,406
On disposals (20,000)
At 30 April 2023 46,364
Net book value
At 30 April 2023 127,638
At 30 April 2022 124,558

BRICKS FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 4,783,165 3,124,522

BRICKS FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

5. Creditors: amounts falling due within one year note

Loans £10,765,023Corporation tax £ 520,766Other tax and Social security £ 88,937Interest accrued £ 176,256Other creditors £ 3,800Other accruals and deferred income £ 5,728

BRICKS FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

6. Creditors: amounts falling due after more than one year note

Loans £31,575,631

BRICKS FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

7. Financial commitments

At 30 April 2023 the Company had future minimum lease payments due under non-cancellable operating leases of £16,200

BRICKS FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

8. Post balance sheet events

IMPACT OF GLOBAL ECONOMIC CHALLENGESSecurity values have increased in line with increased demand for property in the South West. Ukraine and global inflation has had an impact on raw material and labour pricing for developments as well as the timing of procurement of materials.