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REGISTERED NUMBER: 11698569 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

BROMILOW HOUSE LTD

BROMILOW HOUSE LTD (REGISTERED NUMBER: 11698569)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BROMILOW HOUSE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: Mr D Bottell





REGISTERED OFFICE: Bromilow House
2 Volunteer Street
St Helens
Merseyside
WA10 2AY





REGISTERED NUMBER: 11698569 (England and Wales)





ACCOUNTANTS: Livesey Spottiswood Ltd
Chartered Accountants
17 George Street
St Helens
Merseyside
WA10 1DB

BROMILOW HOUSE LTD (REGISTERED NUMBER: 11698569)

ABRIDGED BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,320 7,058
Investment property 5 280,000 250,000
286,320 257,058

CURRENT ASSETS
Debtors 486 -
Cash at bank 794 3,732
1,280 3,732
CREDITORS
Amounts falling due within one year 16,372 15,044
NET CURRENT LIABILITIES (15,092 ) (11,312 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

271,228

245,746

CREDITORS
Amounts falling due after more than one year 163,974 166,094
NET ASSETS 107,254 79,652

CAPITAL AND RESERVES
Called up share capital 3 3
Revaluation reserve 106,504 76,504
Retained earnings 747 3,145
107,254 79,652

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BROMILOW HOUSE LTD (REGISTERED NUMBER: 11698569)

ABRIDGED BALANCE SHEET - continued
28 FEBRUARY 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2023 and were signed by:





Mr D Bottell - Director


BROMILOW HOUSE LTD (REGISTERED NUMBER: 11698569)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Bromilow House Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Investment properties
Investment properties are initially recognised at cost. Cost includes the purchase price and any legal and professional fees in connection with the acquisition of the property.

At each reporting date, the properties are valued at fair value, where the fair value can be measured reliably without undue cost or effort with any changes in fair value recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

BROMILOW HOUSE LTD (REGISTERED NUMBER: 11698569)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022
and 28 February 2023 9,387
DEPRECIATION
At 1 March 2022 2,329
Charge for year 738
At 28 February 2023 3,067
NET BOOK VALUE
At 28 February 2023 6,320
At 28 February 2022 7,058

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 250,000
Revaluations 30,000
At 28 February 2023 280,000
NET BOOK VALUE
At 28 February 2023 280,000
At 28 February 2022 250,000

The director has estimated the value of the investment property at 28 February 2023 to be £280,000.

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2019 72,798
Valuation in 2020 3,706
Valuation in 2023 30,000
Cost 173,496
280,000

If the investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 173,496 173,496