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REGISTERED NUMBER: 00816037 (England and Wales)














Financial Statements

for the Year Ended 30 September 2023

for

New Brook Developments (Yardley) Limited

New Brook Developments (Yardley) Limited (Registered number: 00816037)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


New Brook Developments (Yardley) Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: G S Yorke-Brooks





SECRETARY: C E Yorke-Brooks





REGISTERED OFFICE: Oriel House
2 - 8 Oriel Road
Bootle
Merseyside
L20 7EP





REGISTERED NUMBER: 00816037 (England and Wales)





ACCOUNTANTS: SB&P
Chartered Accountants
Oriel House
2/8 Oriel Road
Bootle
Merseyside
L20 7EP

New Brook Developments (Yardley) Limited (Registered number: 00816037)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,418 7,223
Investment property 5 1,567,458 1,747,458
1,572,876 1,754,681

CREDITORS
Amounts falling due within one year 6 152,821 305,728
NET CURRENT LIABILITIES (152,821 ) (305,728 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,420,055 1,448,953

PROVISIONS FOR LIABILITIES 215,438 163,733
NET ASSETS 1,204,617 1,285,220

CAPITAL AND RESERVES
Called up share capital 7 100 100
Fair value reserve 8 820,248 856,872
Retained earnings 8 384,269 428,248
SHAREHOLDERS' FUNDS 1,204,617 1,285,220

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.

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 14 March 2024 and were signed by:




G S Yorke-Brooks - Director


New Brook Developments (Yardley) Limited (Registered number: 00816037)

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


1. STATUTORY INFORMATION

New Brook Developments (Yardley) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
The properties and ground rents are held as investments. The company receives income from these sources.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery - 25% reducing balance
Fixtures and Fittings - 25% reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

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.

New Brook Developments (Yardley) Limited (Registered number: 00816037)

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


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 October 2022
and 30 September 2023 59,750 2,862 62,612
DEPRECIATION
At 1 October 2022 52,909 2,480 55,389
Charge for year 1,710 95 1,805
At 30 September 2023 54,619 2,575 57,194
NET BOOK VALUE
At 30 September 2023 5,131 287 5,418
At 30 September 2022 6,841 382 7,223

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022 1,747,458
Disposals (180,000 )
At 30 September 2023 1,567,458
NET BOOK VALUE
At 30 September 2023 1,567,458
At 30 September 2022 1,747,458

Fair value at 30 September 2023 is represented by:
£   
Valuation in 2015 505,036
Valuation in 2017 (1,390 )
Valuation in 2021 531,122
Cost 532,690
1,567,458

New Brook Developments (Yardley) Limited (Registered number: 00816037)

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


5. INVESTMENT PROPERTY - continued

If investment properties had not been revalued they would have been included at the following historical cost:

30.9.23 30.9.22
£    £   
Cost 532,690 727,772

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Tax 8,551 25,689
Inter company 144,270 280,039
152,821 305,728

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 October 2022 428,248 856,872 1,285,120
Profit for the year 17,717 17,717
Dividends (98,319 ) (98,319 )
Disposal (15,082 ) 15,081 (1 )
Deferred Tax 51,705 (51,705 ) -
At 30 September 2023 384,269 820,248 1,204,517