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REGISTERED NUMBER: 02053931 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 September 2023

for

J. & C. M. Brook Limited

J. & C. M. Brook Limited (Registered number: 02053931)






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


J. & C. M. Brook Limited

Company Information
for the Year Ended 30 September 2023







Directors: J Brook
C M Brook
C James
M James





Registered office: 38 Mathon Road
Malvern
Worcestershire
WR14 4BU





Registered number: 02053931 (England and Wales)





Accountants: Crowthers Chartered Accountants
15 St Georges Road
Cheltenham
Gloucestershire
GL50 3DT

J. & C. M. Brook Limited (Registered number: 02053931)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,988 2,599
Investments 5 843,904 878,982
Investment property 6 1,508,000 1,061,000
2,353,892 1,942,581

CURRENT ASSETS
Debtors 7 568 1,255
Cash at bank 3,745 9,537
4,313 10,792
CREDITORS
Amounts falling due within one year 8 217,921 133,480
NET CURRENT LIABILITIES (213,608 ) (122,688 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,140,284

1,819,893

PROVISIONS FOR LIABILITIES 107,765 47,173
NET ASSETS 2,032,519 1,772,720

CAPITAL AND RESERVES
Called up share capital 9 100,000 100,000
Non-distributable reserve 10 461,395 307,124
Retained earnings 1,471,124 1,365,596
SHAREHOLDERS' FUNDS 2,032,519 1,772,720

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 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.

J. & C. M. Brook Limited (Registered number: 02053931)

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 Board of Directors and authorised for issue on 22 March 2024 and were signed on its behalf by:





J Brook - Director


J. & C. M. Brook Limited (Registered number: 02053931)

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

1. STATUTORY INFORMATION

J. & C. M. Brook 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
Turnover represents the fair value of services provided under contracts with customers to the extent that there is a right to consideration. It is measured at the fair value of the consideration due. Where a service is incomplete at the year end, turnover represents the value of the service provided to that date based on an appropriate proportion of the total expected consideration at completion.

Invoices are not raised until a contract is complete so the value of incomplete services is included as amounts recoverable on contracts in the balance sheet.

Turnover in relation to vehicle hire, servicing and used vehicle retailing is recognised when the goods or service is provided to the customer.

Turnover in relation to property development is recognised when an exchange of contracts has arisen.

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

Investments
Fixed asset investments are stated at market value.

Realised gains or losses are calculated as the difference between sale proceeds and market value at the previous balance sheet date.

All gains and losses whether realised or unrealised are taken to the Profit and Loss account.

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.


J. & C. M. Brook Limited (Registered number: 02053931)

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
Cost
At 1 October 2022 2,731 12,260 14,991
Disposals - (8,720 ) (8,720 )
At 30 September 2023 2,731 3,540 6,271
Depreciation
At 1 October 2022 2,148 10,244 12,392
Charge for year 88 505 593
Eliminated on disposal - (8,702 ) (8,702 )
At 30 September 2023 2,236 2,047 4,283
Net book value
At 30 September 2023 495 1,493 1,988
At 30 September 2022 583 2,016 2,599

J. & C. M. Brook Limited (Registered number: 02053931)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
Cost or valuation
At 1 October 2022 878,982
Disposals (48,548 )
Revaluations 13,470
At 30 September 2023 843,904
Net book value
At 30 September 2023 843,904
At 30 September 2022 878,982

Cost or valuation at 30 September 2023 is represented by:

Other
investments
£   
Valuation in 2023 843,904

6. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 October 2022 1,061,000
Additions 141,066
Revaluations 305,934
At 30 September 2023 1,508,000
Net book value
At 30 September 2023 1,508,000
At 30 September 2022 1,061,000

Fair value at 30 September 2023 is represented by:
£   
Valuation in 2023 1,508,000

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

2023 2022
£    £   
Cost 1,013,196 872,130

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

J. & C. M. Brook Limited (Registered number: 02053931)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 124
Other debtors 80 -
VAT 69 55
Prepayments 419 1,076
568 1,255

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax - 11,001
Other creditors 556 -
Directors' current accounts 214,532 119,829
Accrued expenses 2,833 2,650
217,921 133,480

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100,000 Ordinary shares £1 100,000 100,000

10. RESERVES
Non-distribut
reserve
£   
At 1 October 2022 307,124
Transfer to non-distributable
reserve 154,271

At 30 September 2023 461,395

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within the balance of creditors is an amount owed to the directors of the company for £214,532 (2022: £119,829). This loan is interest free and repayable on demand.