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Registration number: 11558860

Brenco Rivers Street Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2023

 

Brenco Rivers Street Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Brenco Rivers Street Ltd

Company Information

Director

Mr James Gregory Brenner

Registered office

1 Market Hill
Calne
Wiltshire
SN11 0BT

Accountants

RiverView Portfolio Limited
1 Market Hill
Calne
Wiltshire
SN11 0BT

 

Brenco Rivers Street Ltd

(Registration number: 11558860)
Balance Sheet as at 31 January 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

960,689

856,285

Current assets

 

Debtors

6

764

23,716

Cash at bank and in hand

 

3,782

12,516

 

4,546

36,232

Creditors: Amounts falling due within one year

7

(2,410)

(1,650)

Net current assets

 

2,136

34,582

Total assets less current liabilities

 

962,825

890,867

Creditors: Amounts falling due after more than one year

7

(722,617)

(777,223)

Provisions for liabilities

(42,644)

(22,694)

Net assets

 

197,564

90,950

Capital and reserves

 

Called up share capital

100

100

Revaluation reserve

181,798

96,748

Retained earnings

15,666

(5,898)

Shareholders' funds

 

197,564

90,950

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 1 November 2023
 

.........................................
Mr James Gregory Brenner
Director

 

Brenco Rivers Street Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Market Hill
Calne
Wiltshire
SN11 0BT
England

These financial statements were authorised for issue by the director on 1 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture & Fittings

25% Straight-line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Brenco Rivers Street Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023 (continued)

2

Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 0).

4

Profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

3,440

2,729

 

Brenco Rivers Street Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023 (continued)

5

tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2022

850,000

10,915

860,915

Revaluations

105,000

-

105,000

Additions

-

2,844

2,844

At 31 January 2023

955,000

13,759

968,759

Depreciation

At 1 February 2022

-

4,630

4,630

Charge for the year

-

3,440

3,440

At 31 January 2023

-

8,070

8,070

Carrying amount

At 31 January 2023

955,000

5,689

960,689

At 31 January 2022

850,000

6,285

856,285

Included within the net book value of land and buildings above is £955,000 (2022 - £850,000) in respect of freehold land and buildings.
 

6

debtors

Current

2023
£

2022
£

Prepayments

71

352

Other debtors

693

23,364

 

Brenco Rivers Street Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023 (continued)

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

1,650

1,650

Other creditors

760

-

2,410

1,650

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

481,337

497,000

Other non-current financial liabilities

 

241,280

280,223

 

722,617

777,223

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

481,337

497,000