Registered number
07431111
Bricks & Fuel (Duke Street) Limited
Filleted Accounts
30 November 2023
Bricks & Fuel (Duke Street) Limited
Registered number: 07431111
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 809,754 809,754
Current assets
Debtors 4 2,940 -
Cash at bank 35,062 61,870
38,002 61,870
Creditors: amounts falling due within one year 5 (786,498) (794,005)
Net current liabilities (748,496) (732,135)
Net assets 61,258 77,619
Capital and reserves
Called up share capital 50,000 50,000
Profit and loss account 11,258 27,619
Shareholders' funds 61,258 77,619
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J L Cumming
Director
Approved by the board on 7 February 2024
Bricks & Fuel (Duke Street) Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents rents receivable net of VAT
Tangible fixed assets
Tangible fixed assets represent freehold investment property, which is included in the Balance
Sheet at its Open Market Value, and the aggregate surplus or deficit is transferred to the
Revaluation Reserve. No depreciation is provided.
Although this accounting policy is in accordance with the applicable accounting standard
SSAP 19 "Accounting for investment properties", it is a departure from the general requirement of
the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors,
compliance with the standard is necessary for the financial statements to give a true and fair view.
Depreciation or amortisation is only one of many factors reflected in the annual valuation, and the
amount of this which might otherwise have been charged cannot be separately identified or
quantified.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 December 2022 809,754
At 30 November 2023 809,754
Depreciation
At 30 November 2023 -
Net book value
At 30 November 2023 809,754
At 30 November 2022 809,754
4 Debtors 2023 2022
£ £
Prepayments 2,940 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Value added tax (recoverable)/payable (1,686) 2,130
Amounts owed to associated undertaking 774,387 774,387
Tenant's deposit - 5,000
Corporation tax - 3,001
Accruals 13,797 9,487
786,498 794,005
6 Other information
Bricks & Fuel (Duke Street) Limited is a private company limited by shares and incorporated in England. Its registered office is 203 Holloway Road, London, N7 8DL :
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