Company Registration No. 09160687 (England and Wales)
FIONA BROOKE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
FIONA BROOKE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
FIONA BROOKE LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,542
3,478
Investments
4
53,234
55,231
55,776
58,709
Current assets
Debtors
5
433,131
480,568
Cash at bank and in hand
179,403
316,304
612,534
796,872
Creditors: amounts falling due within one year
6
(12,573)
(82,464)
Net current assets
599,961
714,408
Total assets less current liabilities
655,737
773,117
Provisions for liabilities
(636)
(870)
Net assets
655,101
772,247
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
655,100
772,246
Total equity
655,101
772,247

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 16 November 2023
Miss N F Smart
Director
Company Registration No. 09160687
FIONA BROOKE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
1
Accounting policies
Company information

Fiona Brooke Limited is a private company limited by shares incorporated in England and Wales. The registered office is Acre House, 11-15 William Road, London, United Kingdom, NW1 3ER.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration receivable for goods and services provided in the normal course of business, and is shown net of VAT.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings and equipment
33% Straight line basis
1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

FIONA BROOKE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities

Basic financial liabilities including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

FIONA BROOKE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
3
Tangible fixed assets
Fixtures, fittings and equipment
£
Cost
At 1 April 2022
13,048
Additions
1,136
Disposals
(587)
At 31 March 2023
13,597
Depreciation and impairment
At 1 April 2022
9,570
Depreciation charged in the year
1,485
At 31 March 2023
11,055
Carrying amount
At 31 March 2023
2,542
At 31 March 2022
3,478
FIONA BROOKE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 5 -
4
Fixed asset investments
2023
2022
£
£
Investments
53,234
55,231
Movements in fixed asset investments
Investments other than loans
£
Cost or valuation
At 1 April 2022
55,231
Valuation changes
(1,997)
At 31 March 2023
53,234
Carrying amount
At 31 March 2023
53,234
At 31 March 2022
55,231

The fair value movement on the other investments has been recognised through the profit and loss.

5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
-
0
47,142
Corporation tax recoverable
5,054
-
0
Other debtors
428,077
407,426
Accrued income
-
0
26,000
433,131
480,568

Other debtors includes an amount of £260,000 (2022: £260,000), this is an interest free loan and repayable on demand to a company that the director has interest in.

 

Other debtors includes an amount of £166,706 (2022: £147,426), this is an interest free loan and repayable on demand to a company that the director has control over and a 100% interest in.

 

FIONA BROOKE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 6 -
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
-
0
19,331
Corporation tax
-
0
29,999
Other taxation and social security
-
0
15,178
Other creditors
7,811
7,910
Accruals
4,762
10,046
12,573
82,464
2023-03-312022-04-01false17 November 2023CCH SoftwareCCH Accounts Production 2023.100No description of principal activityN F Smart091606872022-04-012023-03-31091606872023-03-31091606872022-03-3109160687core:FurnitureFittings2023-03-3109160687core:FurnitureFittings2022-03-3109160687core:CurrentFinancialInstruments2023-03-3109160687core:CurrentFinancialInstruments2022-03-3109160687core:ShareCapital2023-03-3109160687core:ShareCapital2022-03-3109160687core:RetainedEarningsAccumulatedLosses2023-03-3109160687core:RetainedEarningsAccumulatedLosses2022-03-3109160687bus:Director12022-04-012023-03-3109160687core:FurnitureFittings2022-04-012023-03-31091606872021-04-012022-03-3109160687core:FurnitureFittings2022-03-3109160687bus:PrivateLimitedCompanyLtd2022-04-012023-03-3109160687bus:SmallCompaniesRegimeForAccounts2022-04-012023-03-3109160687bus:FRS1022022-04-012023-03-3109160687bus:AuditExemptWithAccountantsReport2022-04-012023-03-3109160687bus:FullAccounts2022-04-012023-03-31xbrli:purexbrli:sharesiso4217:GBP