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REGISTERED NUMBER: 10640764 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

BRINKLET LIMITED

BRINKLET LIMITED (REGISTERED NUMBER: 10640764)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRINKLET LIMITED

COMPANY INFORMATION
for the Year Ended 30 JUNE 2023







DIRECTORS: Mr G R Linkins
Mrs I R Linkins
Mr C G Linkins
Ms C E Linkins
Mrs S A Linkins





REGISTERED OFFICE: Bradleys
Wotton Road
Ashford
Kent
TN23 6LL





REGISTERED NUMBER: 10640764 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

BRINKLET LIMITED (REGISTERED NUMBER: 10640764)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 880,000 864,000

CURRENT ASSETS
Debtors 5 601 621
Cash at bank 3,593 723
4,194 1,344
CREDITORS
Amounts falling due within one year 6 598,379 453,371
NET CURRENT LIABILITIES (594,185 ) (452,027 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

285,815

411,973

CREDITORS
Amounts falling due after more than one
year

7

(146,600

)

(302,820

)

PROVISIONS FOR LIABILITIES (26,798 ) (17,326 )
NET ASSETS 112,417 91,827

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 112,317 91,727
SHAREHOLDERS' FUNDS 112,417 91,827

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BRINKLET LIMITED (REGISTERED NUMBER: 10640764)

BALANCE SHEET - continued
30 JUNE 2023


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 5 January 2024 and were signed on its behalf by:




Mr G R Linkins - Director



Mr C G Linkins - Director


BRINKLET LIMITED (REGISTERED NUMBER: 10640764)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 JUNE 2023

1. STATUTORY INFORMATION

Brinklet Limited 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention except for the modifications to a fair value basis for investment property as specified in the accounting policy below.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
The turnover shown in the profit and loss account represents rent receivable for the year, which is calculated on an accrual basis.

Investment property
Investment properties are held for investment and so are carried at fair value. Any surplus or deficit arising from the annual revaluation will be recognised in the profit and loss and deferred taxation provided on any expected taxable gains at the rate likely to apply when the property is sold.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

BRINKLET LIMITED (REGISTERED NUMBER: 10640764)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 864,000
Revaluations 16,000
At 30 June 2023 880,000
NET BOOK VALUE
At 30 June 2023 880,000
At 30 June 2022 864,000

The investment properties were valued on an open market basis on 30 June 2023 by the directors.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 601 621

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 12,547 24,077
Taxation and social security 3,299 2,796
Other creditors 582,533 426,498
598,379 453,371

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 146,600 302,820

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 91,719 91,542

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 159,147 326,897

The bank loan is secured over the investment properties held by the company.

BRINKLET LIMITED (REGISTERED NUMBER: 10640764)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. OTHER FINANCIAL COMMITMENTS

The company has entered into a multi-lateral guarantee with a connected companies in favour of Barclays Bank Plc.

At 30 June 2023, various loan facilities totalling £157,060 (2022 - £230,031) were being used by the connected companies.