Registered number |
Registered number: | |||||||
Balance Sheet | |||||||
as at |
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Notes | 2022 | 2021 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Investments | 3 | ||||||
Creditors: amounts falling due within one year | 4 | ( |
( |
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Net current liabilities | ( |
( |
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Net liabilities | ( |
( |
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Capital and reserves | |||||||
Called up share capital | |||||||
Profit and loss account | ( |
( |
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Shareholders' funds | ( |
( |
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Brian Keith Shepherd | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
Turnover | ||||||||
Investments | ||||||||
Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets. The fair value model is determined by the directors with the benefit of professional external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. |
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Impairment | ||||||||
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. | ||||||||
Financial instruments | ||||||||
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. |
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All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. |
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Debtors | ||||||||
Creditors | ||||||||
Taxation | ||||||||
2 | Employees | 2022 | 2021 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
3 | Investments | |||||||
Investment property comprises of Leasehold properties. The fair value of the investment property has been arrived at on the basis of a valuation carried out by directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties. If investment properties were stated on an historical cost basis rather than a fair value basis, the amounts would have been included as follows: |
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Property | ||||||||
£ | ||||||||
Cost | ||||||||
At 1 November 2021 | ||||||||
At 31 October 2022 | ||||||||
4 | Creditors: amounts falling due within one year | 2022 | 2021 | |||||
£ | £ | |||||||
Taxation and social security costs | - | |||||||
Other creditors | ||||||||
5 | Related party transactions | |||||||
6 | Other information | |||||||
Bripat Limited is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
81 The Green | ||||||||
Great Staughton | ||||||||
St. Neots | ||||||||
Cambridgeshire | ||||||||
PE19 5DQ |