Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-312022-06-01falseNo description of principal activity00falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11700061 2022-06-01 2023-05-31 11700061 2021-06-01 2022-05-31 11700061 2023-05-31 11700061 2022-05-31 11700061 c:Director2 2022-06-01 2023-05-31 11700061 d:FurnitureFittings 2022-06-01 2023-05-31 11700061 d:FurnitureFittings 2023-05-31 11700061 d:FurnitureFittings 2022-05-31 11700061 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 11700061 d:FreeholdInvestmentProperty 2023-05-31 11700061 d:FreeholdInvestmentProperty 2022-05-31 11700061 d:CurrentFinancialInstruments 2023-05-31 11700061 d:CurrentFinancialInstruments 2022-05-31 11700061 d:Non-currentFinancialInstruments 2023-05-31 11700061 d:Non-currentFinancialInstruments 2022-05-31 11700061 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 11700061 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 11700061 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 11700061 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 11700061 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-05-31 11700061 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-05-31 11700061 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-05-31 11700061 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-05-31 11700061 d:ShareCapital 2023-05-31 11700061 d:ShareCapital 2022-05-31 11700061 d:RetainedEarningsAccumulatedLosses 2023-05-31 11700061 d:RetainedEarningsAccumulatedLosses 2022-05-31 11700061 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-05-31 11700061 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-05-31 11700061 c:FRS102 2022-06-01 2023-05-31 11700061 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 11700061 c:FullAccounts 2022-06-01 2023-05-31 11700061 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 11700061 2 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Registered number: 11700061









BRUNEL HOUSE (FARINGDON) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2023

 
BRUNEL HOUSE (FARINGDON) LIMITED
REGISTERED NUMBER: 11700061

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
23,206
8,772

Investment property
 5 
770,605
770,605

  
793,811
779,377

Current assets
  

Debtors: amounts falling due within one year
 6 
3,603
5,930

Cash at bank and in hand
 7 
11,840
12,567

  
15,443
18,497

Creditors: amounts falling due within one year
 8 
(44,938)
(34,802)

Net current liabilities
  
 
 
(29,495)
 
 
(16,305)

Total assets less current liabilities
  
764,316
763,072

Creditors: amounts falling due after more than one year
 9 
(716,912)
(729,129)

  

Net assets
  
47,404
33,943


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
47,204
33,743

  
47,404
33,943


Page 1

 
BRUNEL HOUSE (FARINGDON) LIMITED
REGISTERED NUMBER: 11700061
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 September 2023.




Simon Taylor
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
BRUNEL HOUSE (FARINGDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

Brunel House (Faringdon) Limited is a private limited company limited by share capital. The company is registered in England and Wales, (company number 11700061). The company's registered office is located at 1 The Green, Richmond,Surrey TW9 1PL. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
BRUNEL HOUSE (FARINGDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
BRUNEL HOUSE (FARINGDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.11

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank
loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at
amortised cost using the effective interest method.

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Financial instruments



The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the Statement of income and retained earnings if the shares are publicly traded or their fair value can otherwise be measured reliably;
at cost less impairment for all other investments.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a
Page 5

 
BRUNEL HOUSE (FARINGDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)


2.12
Financial instruments (continued)

net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).

The average monthly number of employees, including directors, during the year was 0 (2022 - 0).


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 June 2022
10,943


Additions
20,630



At 31 May 2023

31,573



Depreciation


At 1 June 2022
2,170


Charge for the year on owned assets
6,197



At 31 May 2023

8,367



Net book value



At 31 May 2023
23,206



At 31 May 2022
8,772

Page 6

 
BRUNEL HOUSE (FARINGDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

5.


Investment property


Freehold investment property

£



Valuation


At 1 June 2022
770,605



At 31 May 2023
770,605

The 2023 valuations were made by directors, on an open market value for existing use basis.





6.


Debtors

2023
2022
£
£


Trade debtors
3,255
2,884

Other debtors
348
3,046

3,603
5,930



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
11,840
12,567

11,840
12,567


Page 7

 
BRUNEL HOUSE (FARINGDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
14,716
14,715

Trade creditors
3,890
2,772

Corporation tax
-
2,548

Other taxation and social security
2,007
-

Other creditors
16,070
7,622

Accruals and deferred income
8,255
7,145

44,938
34,802



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
366,912
379,129

Other loans
350,000
350,000

716,912
729,129


Page 8

 
BRUNEL HOUSE (FARINGDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
14,716
14,716


14,716
14,716

Amounts falling due 1-2 years

Bank loans
15,517
15,517


15,517
15,517

Amounts falling due 2-5 years

Bank loans
351,395
363,612

Other loans
350,000
350,000


701,395
713,612


731,628
743,845



11.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
11,840
12,500




Financial assets measured at fair value through profit or loss comprise cash at bank.

Page 9

 
BRUNEL HOUSE (FARINGDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

12.


First time adoption of FRS 102

The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

Page 10