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REGISTERED NUMBER: 09156020 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

BRINDLE HILL LIMITED

BRINDLE HILL LIMITED (REGISTERED NUMBER: 09156020)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

BRINDLE HILL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: D J Hill
J M Clews





REGISTERED OFFICE: 20 Havelock Road
Hastings
East Sussex
TN34 1BP





REGISTERED NUMBER: 09156020 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP

BRINDLE HILL LIMITED (REGISTERED NUMBER: 09156020)

BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 450,000 400,000

CURRENT ASSETS
Cash at bank 17,198 20,001

CREDITORS
Amounts falling due within one year 5 14,047 13,963
NET CURRENT ASSETS 3,151 6,038
TOTAL ASSETS LESS CURRENT LIABILITIES 453,151 406,038

CREDITORS
Amounts falling due after more than one year 6 583,332 583,332
NET LIABILITIES (130,181 ) (177,294 )

CAPITAL AND RESERVES
Called up share capital 30 30
Retained earnings (130,211 ) (177,324 )
SHAREHOLDERS' FUNDS (130,181 ) (177,294 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 23 April 2024 and were signed on its behalf by:





D J Hill - Director


BRINDLE HILL LIMITED (REGISTERED NUMBER: 09156020)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Brindle Hill 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 as modified by the revaluation of certain assets.

The directors have made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties. As a result they have adopted the going concern basis of accounting.

Turnover
Turnover relates to rental income received during the period.

Revenue is recognised when the rental income is received by the company.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 400,000
Revaluations 50,000
At 31 July 2023 450,000
NET BOOK VALUE
At 31 July 2023 450,000
At 31 July 2022 400,000

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2020 (17,938 )
Valuation in 2021 (60,000 )
Valuation in 2022 (50,000 )
Valuation in 2023 50,000
Cost 527,938
450,000

BRINDLE HILL LIMITED (REGISTERED NUMBER: 09156020)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

31.7.23 31.7.22
£    £   
Cost 527,938 527,938

Investment property was valued on an open market basis on 31 July 2023 by the directors .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 12,285 12,285
Accrued expenses 1,762 1,678
14,047 13,963

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans - 1-2 years 12,285 12,285
Bank loans - 2-5 years 36,854 36,854
Bank loans more 5 yr by instal 228,885 228,885
Other creditors 126,843 126,843
Directors' loan accounts 178,465 178,465
583,332 583,332

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 228,885 228,885

7. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Bank loans 290,309 290,309

Onesavings Bank PLC trading as Kent Reliance Banking Services hold a fixed charge over the company's investment property being the leasehold property Flat 5 Harrison Court 61a Rye Hill Park London SE15 3JN.

BRINDLE HILL LIMITED (REGISTERED NUMBER: 09156020)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

8. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed the directors the following amounts:

D J Hill £86,672
J M Clews £91,792

The company also owed former director S Hill £126,843.

There were no terms attached to these loans.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BRINDLE HILL LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Brindle Hill Limited for the year ended 31 July 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Brindle Hill Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Brindle Hill Limited and state those matters that we have agreed to state to the Board of Directors of Brindle Hill Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Brindle Hill Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Brindle Hill Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Brindle Hill Limited. You consider that Brindle Hill Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Brindle Hill Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP


24 April 2024