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COMPANY REGISTRATION NUMBER: 05720894
BRERETON LTD
Filleted Unaudited Financial Statements
28 February 2023
BRERETON LTD
Financial Statements
Year ended 28 February 2023
Contents
Page
Chartered certified accountants report to the director on the preparation of the unaudited statutory financial statements
1
Statement of financial position
2
Notes to the financial statements
3
BRERETON LTD
Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of BRERETON LTD
Year ended 28 February 2023
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 28 February 2023, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
VAGHELA & CO. (SERVICES) LTD. Chartered Certified Accountants
P.O. Box 10901 Birmingham B1 1ZQ
30 November 2023
BRERETON LTD
Statement of Financial Position
28 February 2023
2023
2022
Note
£
£
£
£
Current assets
Debtors
4
23,663
23,410
Creditors: amounts falling due within one year
5
73,234
72,981
--------
--------
Net current liabilities
49,571
49,571
--------
--------
Total assets less current liabilities
( 49,571)
( 49,571)
--------
--------
Net liabilities
( 49,571)
( 49,571)
--------
--------
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 49,573)
( 49,573)
--------
--------
Shareholders deficit
( 49,571)
( 49,571)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
The company did not trade during the current year or prior year and has not made either a profit or loss.
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 30 November 2023 , and are signed on behalf of the board by:
Mrs J. Smyth
Director
Company registration number: 05720894
BRERETON LTD
Notes to the Financial Statements
Year ended 28 February 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Melbourne Clock Lane, Bickenhill, Solihull, West Midlands, B92 0DX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in shareholders deficit during the current year or prior year.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Debtors
2023
2022
£
£
Trade debtors
50
50
Amounts owed by group undertakings and undertakings in which the company has a participating interest
21,816
21,816
Other debtors
1,797
1,544
--------
--------
23,663
23,410
--------
--------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
24,592
24,592
Amounts owed to group undertakings and undertakings in which the company has a participating interest
3,300
Other creditors
48,642
45,089
--------
--------
73,234
72,981
--------
--------
6. Director's advances, credits and guarantees
At 28th February 2023, other creditors include the following amounts due to the director:- Mrs J. Smyth £44,310 (2022 - £44,057) The loans are interest free and repayable on demand
7. Related party transactions
Included within debtors is an amount due of £21,816 from Bersham (Glenside) Limited, an associated company, Mrs J. Smyth director, is a close family member of both companies. The loan is interest free but repayable on demand. Included within creditors due within 1 year is an amount due of £3,300 to Seisdon UK Ltd, an associated company, Mrs J. Smyth director, is a close family member of both companies. The loan is interest free but repayable on demand.