Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-282022-03-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07518838 2022-03-01 2023-02-28 07518838 2021-03-01 2022-02-28 07518838 2023-02-28 07518838 2022-02-28 07518838 c:Director1 2022-03-01 2023-02-28 07518838 d:OfficeEquipment 2022-03-01 2023-02-28 07518838 d:OfficeEquipment 2023-02-28 07518838 d:OfficeEquipment 2022-02-28 07518838 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 07518838 d:FreeholdInvestmentProperty 2023-02-28 07518838 d:FreeholdInvestmentProperty 2022-02-28 07518838 d:CurrentFinancialInstruments 2023-02-28 07518838 d:CurrentFinancialInstruments 2022-02-28 07518838 d:Non-currentFinancialInstruments 2023-02-28 07518838 d:Non-currentFinancialInstruments 2022-02-28 07518838 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 07518838 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 07518838 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 07518838 d:Non-currentFinancialInstruments d:AfterOneYear 2022-02-28 07518838 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-02-28 07518838 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-02-28 07518838 d:ShareCapital 2023-02-28 07518838 d:ShareCapital 2022-02-28 07518838 d:RetainedEarningsAccumulatedLosses 2023-02-28 07518838 d:RetainedEarningsAccumulatedLosses 2022-02-28 07518838 d:AcceleratedTaxDepreciationDeferredTax 2023-02-28 07518838 d:AcceleratedTaxDepreciationDeferredTax 2022-02-28 07518838 c:OrdinaryShareClass1 2022-03-01 2023-02-28 07518838 c:OrdinaryShareClass1 2023-02-28 07518838 c:OrdinaryShareClass1 2022-02-28 07518838 c:OrdinaryShareClass2 2022-03-01 2023-02-28 07518838 c:OrdinaryShareClass2 2023-02-28 07518838 c:OrdinaryShareClass2 2022-02-28 07518838 c:FRS102 2022-03-01 2023-02-28 07518838 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 07518838 c:FullAccounts 2022-03-01 2023-02-28 07518838 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 07518838 2 2022-03-01 2023-02-28 07518838 6 2022-03-01 2023-02-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07518838










BROOK 11 LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
BROOK 11 LIMITED
REGISTERED NUMBER: 07518838

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,168
1,381

Investments
 5 
50
80

Investment property
 6 
628,118
628,118

  
629,336
629,579

Current assets
  

Debtors: amounts falling due after more than one year
 7 
405,913
394,455

Debtors: amounts falling due within one year
 7 
17,652
37,535

Cash at bank and in hand
 8 
329,196
112,635

  
752,761
544,625

Creditors: amounts falling due within one year
 9 
(8,905)
(69,648)

Net current assets
  
 
 
743,856
 
 
474,977

Total assets less current liabilities
  
1,373,192
1,104,556

Creditors: amounts falling due after more than one year
  
(317,020)
-

Provisions for liabilities
  

Deferred tax
 12 
(292)
(345)

  
 
 
(292)
 
 
(345)

Net assets
  
1,055,880
1,104,211


Capital and reserves
  

Called up share capital 
 13 
2
2

Profit and loss account
  
1,055,878
1,104,209

  
1,055,880
1,104,211


Page 1

 
BROOK 11 LIMITED
REGISTERED NUMBER: 07518838
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 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 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 T J Brook
Director

Date: 21 November 2023

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
BROOK 11 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Brook 11 Limited, (07518838), is a private limited company limited by shares, incorporated in England and Wales, with its registered office and principal place of business at Belmont House, Shrewsbury Business Park, Shrewsbury, Shropshire, SY2 6LG.

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 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

 
BROOK 11 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

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.

Page 4

 
BROOK 11 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

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:

Office equipment
-
25%
straight line

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.

 
2.9

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.

 
2.10

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.11

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.

 
2.12

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 5

 
BROOK 11 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.13

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.

 
2.14

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.

 
2.15

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.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 6

 
BROOK 11 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 March 2022
1,841


Additions
330



At 28 February 2023

2,171



Depreciation


At 1 March 2022
460


Charge for the year on owned assets
543



At 28 February 2023

1,003



Net book value



At 28 February 2023
1,168



At 28 February 2022
1,381


5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 March 2022
80


Disposals
(30)



At 28 February 2023
50




Page 7

 
BROOK 11 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

6.


Investment property


Freehold investment property

£



Valuation


At 1 March 2022
628,118



At 28 February 2023
628,118

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




Page 8

 
BROOK 11 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

7.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
405,913
394,455

405,913
394,455


2023
2022
£
£

Due within one year

Other debtors
17,652
37,535

17,652
37,535



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
329,196
112,635

329,196
112,635



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
174

Other taxation and social security
6,201
67,502

Other creditors
550
-

Accruals and deferred income
2,154
1,972

8,905
69,648


Page 9

 
BROOK 11 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

10.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
317,020
-

317,020
-



11.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£




Amounts falling due after more than 5 years

Bank loans
317,020
-

317,020
-

317,020
-


Page 10

 
BROOK 11 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

12.


Deferred taxation




2023


£






At beginning of year
(345)


Charged to profit or loss
53



At end of year
(292)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(292)
(345)

(292)
(345)


13.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary A share of £1.00
1
1
1 (2022 - 1) Ordinary B share of £1.00
1
1

2

2



14.


Related party transactions

Included with other debtors due more than more one year is an interest free loan of £405,913 to Picture Homes Limited. Brook 11 Limited is a shareholder of Picture Homes Limited.

 
Page 11