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COMPANY REGISTRATION NUMBER: 6240476
Brentano Suite Elstree Limited
Filleted Unaudited Financial Statements
31 May 2023
Brentano Suite Elstree Limited
Financial Statements
Year ended 31 May 2023
Contents
Page
Officers and professional advisers
1
Chartered certified accountants report to the director on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
5
Brentano Suite Elstree Limited
Officers and Professional Advisers
Director
Mr S B Spitz
Company secretary
Complete Secretarial Solutions Limited
Registered office
727-729 High Road
London
N12 0BP
Accountants
Complete Accounting Solutions
Chartered Certified Accountants
727-729 High Road
London
N12 0BP
Brentano Suite Elstree Limited
Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Brentano Suite Elstree Limited
Year ended 31 May 2023
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 May 2023, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Complete Accounting Solutions Chartered Certified Accountants
727-729 High Road London N12 0BP
Brentano Suite Elstree Limited
Statement of Financial Position
31 May 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
812,816
673,153
Current assets
Debtors
6
1,199,535
836,588
Cash at bank and in hand
579,361
362,839
------------
------------
1,778,896
1,199,427
Creditors: amounts falling due within one year
7
1,874,186
1,306,195
------------
------------
Net current liabilities
95,290
106,768
---------
---------
Total assets less current liabilities
717,526
566,385
Creditors: amounts falling due after more than one year
8
376,666
386,667
---------
---------
Net assets
340,860
179,718
---------
---------
Capital and reserves
Called up share capital
100
100
Other reserves
529,907
409,907
Profit and loss account
( 189,147)
( 230,289)
---------
---------
Shareholders funds
340,860
179,718
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Brentano Suite Elstree Limited
Statement of Financial Position (continued)
31 May 2023
These financial statements were approved by the board of directors and authorised for issue on 23 February 2024 , and are signed on behalf of the board by:
Mr S B Spitz
Director
Company registration number: 6240476
Brentano Suite Elstree Limited
Notes to the Financial Statements
Year ended 31 May 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 727-729 High Road, London, N12 0BP.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold Property
-
Evenly over the lease term
Fixtures & Fittings
-
10% straight line
Equipment
-
33% straight line
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 8 (2022: Nil).
5. Tangible assets
Long leasehold property
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 June 2022
109,023
1,078,770
81,522
1,269,315
Additions
15,530
237,997
17,136
270,663
---------
------------
--------
------------
At 31 May 2023
124,553
1,316,767
98,658
1,539,978
---------
------------
--------
------------
Depreciation
At 1 June 2022
52,052
479,205
64,905
596,162
Charge for the year
7,583
115,939
7,478
131,000
---------
------------
--------
------------
At 31 May 2023
59,635
595,144
72,383
727,162
---------
------------
--------
------------
Carrying amount
At 31 May 2023
64,918
721,623
26,275
812,816
---------
------------
--------
------------
At 31 May 2022
56,971
599,565
16,617
673,153
---------
------------
--------
------------
6. Debtors
2023
2022
£
£
Trade debtors
174,216
131,054
Other debtors
1,025,319
705,534
------------
---------
1,199,535
836,588
------------
---------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
6,667
6,667
Trade creditors
1,000,818
546,857
Social security and other taxes
12,225
10,942
Other creditors
854,476
741,729
------------
------------
1,874,186
1,306,195
------------
------------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans
26,666
36,667
Other creditors
350,000
350,000
---------
---------
376,666
386,667
---------
---------