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REGISTERED NUMBER: 02051370 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Risebrook Properties Limited

Risebrook Properties Limited (Registered number: 02051370)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Risebrook Properties Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: Mr G Hodgkinson





SECRETARIES: Mr G Hodgkinson
Mrs R Slattery





REGISTERED OFFICE: Reedham House
31 King Street West
Manchester
M3 2PJ





BUSINESS ADDRESS: c/o Harvey Silver Hodgkinson
Westgate
44 Hale Road
Hale, Altrincham
Cheshire
WA14 2EX





REGISTERED NUMBER: 02051370 (England and Wales)





ACCOUNTANTS: Freedman Frankl & Taylor
Chartered Accountants
Reedham House
31 King Street West
Manchester
M3 2PJ

Risebrook Properties Limited (Registered number: 02051370)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 67,034 88,914

CURRENT ASSETS
Stocks 7,656,662 7,783,509
Debtors 5 281,006 473,845
Cash at bank 368,590 136,984
8,306,258 8,394,338
CREDITORS
Amounts falling due within one year 6 527,403 736,216
NET CURRENT ASSETS 7,778,855 7,658,122
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,845,889

7,747,036

CREDITORS
Amounts falling due after more than one year 7 - 27,865
NET ASSETS 7,845,889 7,719,171

CAPITAL AND RESERVES
Called up share capital 9 503 503
Capital redemption reserve 500 500
Retained earnings 7,844,886 7,718,168
SHAREHOLDERS' FUNDS 7,845,889 7,719,171

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

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

The director acknowledges his 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.

Risebrook Properties Limited (Registered number: 02051370)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 March 2024 and were signed by:





Mr G Hodgkinson - Director


Risebrook Properties Limited (Registered number: 02051370)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Risebrook Properties 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at fair value of the consideration received or receivable, excluding discounts, rebates and value added tax from the sale of properties which fall within the company's ordinary activity.

Other income represents the invoice value of rent and service charges receivable exclusive of value added tax during the year.

Bank and other interest is recognised in the period in which it was received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Tangible fixed assets are initially recorded at cost less accumulated depreciation and accumulated impairment losses.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Risebrook Properties Limited (Registered number: 02051370)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The company's financial statements for the year ended 30 September 2023 have been prepared on a going concern basis as, after making appropriate enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2022
and 30 September 2023 13,759 44,304 238,949 119,710 416,722
DEPRECIATION
At 1 October 2022 13,648 43,849 153,539 116,772 327,808
Charge for year 17 69 21,353 441 21,880
At 30 September 2023 13,665 43,918 174,892 117,213 349,688
NET BOOK VALUE
At 30 September 2023 94 386 64,057 2,497 67,034
At 30 September 2022 111 455 85,410 2,938 88,914

Risebrook Properties Limited (Registered number: 02051370)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 112,698 100,581
Other debtors 168,308 373,264
281,006 473,845

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 135,481
Trade creditors 14,645 24,720
Taxation and social security 341,163 426,730
Other creditors 171,595 149,285
527,403 736,216

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 27,865

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans - 163,346

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
500 Ordinary "B" £1 500 500
1 Ordinary "C" £1 1 1
1 Ordinary "D" £1 1 1
1 Ordinary "E" £1 1 1
503 503

Risebrook Properties Limited (Registered number: 02051370)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£    £   
Mr G Hodgkinson
Balance outstanding at start of year 110,078 162,654
Amounts advanced 442,817 321,984
Amounts repaid (553,000 ) (374,560 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (105 ) 110,078

Interest amounting to £3,155 (2022:£2,995) has been charged by the company and the balance is repayable on demand.

11. RELATED PARTY DISCLOSURES

During the year the company received £Nil (2022: £102,000) from an LLP in respect of contribution to wages. The balance due from the LLP as at the balance sheet date was £Nil (2022: £97,506). The director of the company is a member of the LLP.