Registered number
14060576
UP BRANKSOME LTD
Filleted Accounts
30 April 2023
UP BRANKSOME LTD
Registered number: 14060576
Balance Sheet
as at 30 April 2023
Notes 2023
£
Fixed assets
Tangible assets 3 326,172
Current assets
Debtors 4 209
Cash at bank and in hand 4,421
4,630
Creditors: amounts falling due within one year 5 (375,819)
Net current liabilities (371,189)
Net liabilities (45,017)
Capital and reserves
Called up share capital 100
Profit and loss account (45,117)
Shareholders' funds (45,017)
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.
A Back
Director
Approved by the board on 18 January 2024
UP BRANKSOME LTD
Notes to the Accounts
for the period from 21 April 2022 to 30 April 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Plant and machinery 25% Reducing Balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023
Number
Average number of persons employed by the company 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
Additions 277,720 64,603 342,323
At 30 April 2023 277,720 64,603 342,323
Depreciation
Charge for the period - 16,151 16,151
At 30 April 2023 - 16,151 16,151
Net book value
At 30 April 2023 277,720 48,452 326,172
4 Debtors 2023
£
Trade debtors 209
5 Creditors: amounts falling due within one year 2023
£
Directors loan account 337,614
Amounts owed to group undertakings and undertakings in which the company has a participating interest 38,205
375,819
6 Other information
UP BRANKSOME LTD is a private company limited by shares and incorporated in England. Its registered office is:
Raydean House
15 Western Parade
Barnet
Herts
EN5 1AH
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