Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-3122022-04-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity2falsetrue 08749708 2022-04-01 2023-03-31 08749708 2021-04-01 2022-03-31 08749708 2023-03-31 08749708 2022-03-31 08749708 2021-04-01 08749708 2 2022-04-01 2023-03-31 08749708 2 2021-04-01 2022-03-31 08749708 3 2022-04-01 2023-03-31 08749708 3 2021-04-01 2022-03-31 08749708 4 2022-04-01 2023-03-31 08749708 4 2021-04-01 2022-03-31 08749708 d:Director2 2022-04-01 2023-03-31 08749708 e:CurrentFinancialInstruments 2023-03-31 08749708 e:CurrentFinancialInstruments 2022-03-31 08749708 e:CurrentFinancialInstruments e:WithinOneYear 2023-03-31 08749708 e:CurrentFinancialInstruments e:WithinOneYear 2022-03-31 08749708 e:ShareCapital 2022-04-01 2023-03-31 08749708 e:ShareCapital 2023-03-31 08749708 e:ShareCapital 2021-04-01 2022-03-31 08749708 e:ShareCapital 2022-03-31 08749708 e:ShareCapital 2021-04-01 08749708 e:OtherMiscellaneousReserve 2022-04-01 2023-03-31 08749708 e:OtherMiscellaneousReserve 2023-03-31 08749708 e:OtherMiscellaneousReserve 2 2022-04-01 2023-03-31 08749708 e:OtherMiscellaneousReserve 3 2022-04-01 2023-03-31 08749708 e:OtherMiscellaneousReserve 4 2022-04-01 2023-03-31 08749708 e:OtherMiscellaneousReserve 2021-04-01 2022-03-31 08749708 e:OtherMiscellaneousReserve 2022-03-31 08749708 e:OtherMiscellaneousReserve 2021-04-01 08749708 e:OtherMiscellaneousReserve 2 2021-04-01 2022-03-31 08749708 e:OtherMiscellaneousReserve 3 2021-04-01 2022-03-31 08749708 e:OtherMiscellaneousReserve 4 2021-04-01 2022-03-31 08749708 e:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 08749708 e:RetainedEarningsAccumulatedLosses 2023-03-31 08749708 e:RetainedEarningsAccumulatedLosses 2 2022-04-01 2023-03-31 08749708 e:RetainedEarningsAccumulatedLosses 3 2022-04-01 2023-03-31 08749708 e:RetainedEarningsAccumulatedLosses 4 2022-04-01 2023-03-31 08749708 e:RetainedEarningsAccumulatedLosses 2021-04-01 2022-03-31 08749708 e:RetainedEarningsAccumulatedLosses 2022-03-31 08749708 e:RetainedEarningsAccumulatedLosses 2021-04-01 08749708 e:RetainedEarningsAccumulatedLosses 2 2021-04-01 2022-03-31 08749708 e:RetainedEarningsAccumulatedLosses 3 2021-04-01 2022-03-31 08749708 e:RetainedEarningsAccumulatedLosses 4 2021-04-01 2022-03-31 08749708 e:TaxLossesCarry-forwardsDeferredTax 2023-03-31 08749708 e:TaxLossesCarry-forwardsDeferredTax 2022-03-31 08749708 e:OtherDeferredTax 2023-03-31 08749708 e:OtherDeferredTax 2022-03-31 08749708 d:FRS102 2022-04-01 2023-03-31 08749708 d:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 08749708 d:FullAccounts 2022-04-01 2023-03-31 08749708 d:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08749708 6 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 08749708










BROOKMEAD INVESTMENTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
BROOKMEAD INVESTMENTS LIMITED
 

CONTENTS



Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 8


 
BROOKMEAD INVESTMENTS LIMITED
REGISTERED NUMBER: 08749708

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 5 
16,671,630
17,562,870

  
16,671,630
17,562,870

Current assets
  

Cash at bank and in hand
  
111,207
176,321

  
111,207
176,321

Creditors: amounts falling due within one year
 6 
(12,523,212)
(12,541,596)

Net current liabilities
  
 
 
(12,412,005)
 
 
(12,365,275)

Total assets less current liabilities
  
4,259,625
5,197,595

Provisions for liabilities
  

Deferred tax
 7 
(84,417)
(310,905)

  
 
 
(84,417)
 
 
(310,905)

Net assets
  
4,175,208
4,886,690


Capital and reserves
  

Called up share capital 
  
101
101

Other reserves
  
739,797
1,542,501

Profit and loss account
  
3,435,310
3,344,088

  
4,175,208
4,886,690


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 statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
BROOKMEAD INVESTMENTS LIMITED
REGISTERED NUMBER: 08749708
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 8 February 2024.

L Hamme
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 2

 
BROOKMEAD INVESTMENTS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023


Called up share capital
Other reserves
Profit and loss account
Total equity

£
£
£
£

At 1 April 2022
101
1,542,501
3,344,088
4,886,690


Comprehensive income for the year

Loss for the year
-
-
(711,482)
(711,482)
Total comprehensive income for the year
-
-
(711,482)
(711,482)

Transfer on disposal of investments
-
(309,762)
309,762
-

Fair value movement
-
(655,084)
655,084
-

Deferred tax
-
162,142
(162,142)
-


Total transactions with owners
-
(802,704)
802,704
-


At 31 March 2023
101
739,797
3,435,310
4,175,208


The notes on pages 4 to 8 form part of these financial statements.


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2022


Called up share capital
Other reserves
Profit and loss account
Total equity

£
£
£
£

At 1 April 2021
101
1,012,448
3,274,233
4,286,782


Comprehensive income for the year

Profit for the year
-
-
599,908
599,908
Total comprehensive income for the year
-
-
599,908
599,908

Transfer on disposal of investments
-
267,593
(267,593)
-

Fair value movement
-
409,812
(409,812)
-

Deferred tax
-
(147,352)
147,352
-


Total transactions with owners
-
530,053
(530,053)
-


At 31 March 2022
101
1,542,501
3,344,088
4,886,690


The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
BROOKMEAD INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Brookmead Investments Limited is a private company limited by share capital, incorporated in England
and Wales, registration number 08749708. The address of the registered office is 14th Floor, 33
Cavendish Square, London, W1G 0PW.

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 comprises dividends and interest received from the fixed asset investments and interest received from investment current accounts.

 
2.3

Valuation of investments

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.

 
2.4

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.

 
2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.
Page 4

 
BROOKMEAD INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.5
Financial instruments (continued)


Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.6

Creditors

Short-term creditors are measured at the transaction price.

 
2.7

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 5

 
BROOKMEAD INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.8

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.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgments, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical  experience and other factors that are considered to be relevant. Actual results may differ from these estimates.


4.


Employees

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

Page 6

 
BROOKMEAD INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 April 2022
17,562,870


Additions
3,186,399


Disposals
(3,045,636)


Revaluations
(1,032,003)



At 31 March 2023
16,671,630





6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
432
-

Other creditors
12,514,280
12,514,280

Accruals and deferred income
8,500
27,316

12,523,212
12,541,596



7.


Deferred taxation




2023


£






At beginning of year
(310,905)


Charged to the profit or loss
226,488



At end of year
(84,417)

Page 7

 
BROOKMEAD INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
 
7.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Unrealised investment gains
(246,599)
(408,740)

Tax losses carried forward
162,182
97,835

(84,417)
(310,905)


8.


Related party transactions

At the balance sheet date, included within other creditors, is an amount of £12,514,280 (2022: £12,514,280) owed to the directors.

 
Page 8