Caseware UK (AP4) 2022.0.179 2022.0.179 2023-09-302023-09-30true2022-10-01falseInvestment property and rental11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12197224 2022-10-01 2023-09-30 12197224 2021-10-01 2022-09-30 12197224 2023-09-30 12197224 2022-09-30 12197224 2021-10-01 12197224 c:Director1 2022-10-01 2023-09-30 12197224 d:FreeholdInvestmentProperty 2023-09-30 12197224 d:FreeholdInvestmentProperty 2022-09-30 12197224 d:FreeholdInvestmentProperty 2 2022-10-01 2023-09-30 12197224 d:CurrentFinancialInstruments 2023-09-30 12197224 d:CurrentFinancialInstruments 2022-09-30 12197224 d:Non-currentFinancialInstruments 2023-09-30 12197224 d:Non-currentFinancialInstruments 2022-09-30 12197224 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 12197224 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 12197224 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 12197224 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-30 12197224 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-09-30 12197224 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-09-30 12197224 d:ShareCapital 2023-09-30 12197224 d:ShareCapital 2022-09-30 12197224 d:ShareCapital 2021-10-01 12197224 d:OtherMiscellaneousReserve 2022-10-01 2023-09-30 12197224 d:OtherMiscellaneousReserve 2023-09-30 12197224 d:OtherMiscellaneousReserve 2022-09-30 12197224 d:OtherMiscellaneousReserve 2021-10-01 12197224 d:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 12197224 d:RetainedEarningsAccumulatedLosses 2023-09-30 12197224 d:RetainedEarningsAccumulatedLosses 2021-10-01 2022-09-30 12197224 d:RetainedEarningsAccumulatedLosses 2022-09-30 12197224 d:RetainedEarningsAccumulatedLosses 2021-10-01 12197224 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 12197224 d:AcceleratedTaxDepreciationDeferredTax 2022-09-30 12197224 c:FRS102 2022-10-01 2023-09-30 12197224 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 12197224 c:FullAccounts 2022-10-01 2023-09-30 12197224 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 12197224 2 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Registered number: 12197224










BRICK LANE INVESTMENTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
BRICK LANE INVESTMENTS LIMITED
REGISTERED NUMBER: 12197224

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
259,995
213,221

  
259,995
213,221

Current assets
  

Debtors: amounts falling due within one year
 5 
5,000
5,000

Cash at bank and in hand
 6 
149,566
51,264

  
154,566
56,264

Creditors: amounts falling due within one year
 7 
(242,515)
(99,563)

Net current liabilities
  
 
 
(87,949)
 
 
(43,299)

Total assets less current liabilities
  
172,046
169,922

Creditors: amounts falling due after more than one year
 8 
(140,445)
(186,344)

Provisions for liabilities
  

Deferred tax
  
(11,694)
-

  
 
 
(11,694)
 
 
-

Net assets/(liabilities)
  
19,907
(16,422)


Capital and reserves
  

Called up share capital 
  
100
100

Other reserves
  
35,081
-

Profit and loss account
  
(15,274)
(16,522)

  
19,907
(16,422)


Page 1

 
BRICK LANE INVESTMENTS LIMITED
REGISTERED NUMBER: 12197224
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2023

The director considers 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 director acknowledges his 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 profit and loss account 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 by: 




Mr A P Hook
Director

Date: 20 November 2023

The notes on pages 4 to 9 form part of these financial statements.

Page 2

 
BRICK LANE INVESTMENTS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2023


Called up share capital
Other reserves
Profit and loss account
Total equity

£
£
£
£


At 1 October 2021
100
-
(16,030)
(15,930)



Loss for the year
-
-
(492)
(492)



At 1 October 2022
100
-
(16,522)
(16,422)



Profit for the year
-
-
36,329
36,329

Transfer to/from profit and loss account
-
35,081
(35,081)
-


At 30 September 2023
100
35,081
(15,274)
19,907


The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
BRICK LANE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

Brick Lane Investments Limited is a private company limited by shares and incorporated in England and Wales (12197224). The registered office address is 52 New Town, Uckfield, East Sussex, TN22 5DE. 

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.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue represents rents and service charges receivable recognised in the period in which the services are provided in accordance with the rental agreement. Rent receivable is invoiced monthly at the beginning of the month for which the rental income relates.

 
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.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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

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.

Page 4

 
BRICK LANE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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. 

 
2.10

Creditors

Short-term creditors are measured at the transaction price.

 
2.11

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Page 5

 
BRICK LANE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)


2.12
Financial instruments (continued)

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Financial liabilities

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

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities
Page 6

 
BRICK LANE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)


2.12
Financial instruments (continued)


Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Investment property


Freehold investment property

£



Valuation


At 1 October 2022
213,221


Surplus on revaluation
46,774



At 30 September 2023
259,995

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







5.


Debtors

2023
2022
£
£


Other debtors
5,000
5,000

5,000
5,000



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
149,566
51,264


Page 7

 
BRICK LANE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
239,900
96,991

Other creditors
150
150

Accruals and deferred income
2,465
2,422

242,515
99,563



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
140,445
140,445

Amounts owed to group undertakings
-
45,899

140,445
186,344



9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£




Amounts falling due after more than 5 years

Other loans
140,445
140,445

140,445
140,445



10.


Deferred taxation




2023


£






Charged to profit or loss
(11,694)



At end of year
(11,694)

Page 8

 
BRICK LANE INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
 
10.Deferred taxation (continued)

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(11,694)
-

(11,694)
-


11.


Related party transactions

Included in other creditors is an interest free loan repayable on demand to the value of £150 (2022 - £150) owed to the director.


12.


Controlling party

The ultimate controlling party is Mr A P Hook by way of his 100% ownership of the parent company. 

 
Page 9