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COMPANY REGISTRATION NUMBER: 08235856
BREBUR SERVICES LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 May 2023
BREBUR SERVICES LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 MAY 2023
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 4
BREBUR SERVICES LIMITED
BALANCE SHEET
31 May 2023
2023
2022
Note
£
£
Fixed assets
Investments
4
2,100,000
2,100,000
Current assets
Debtors
5
157,961
159,738
Creditors: amounts falling due within one year
6
738,265
739,045
------------
------------
Net current liabilities
580,304
579,307
------------
------------
Total assets less current liabilities
1,519,696
1,520,693
------------
------------
Capital and reserves
Called up share capital
7
32
32
Share premium account
1,431,788
1,431,788
Profit and loss account
87,876
88,873
------------
------------
Shareholders funds
1,519,696
1,520,693
------------
------------
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 profit and loss account 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.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 18 April 2024 , and are signed on behalf of the board by:
J M Brenton
Director
Company registration number: 08235856
BREBUR SERVICES 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 Unit 1, Capitol Close, Dodworth, Barnsley, South Yorkshire, S75 3UB.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investments
Investments are initially recorded at cost and are subject to an annual impairment review.
Impairment of fixed assets
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
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Investments
Shares in group undertakings
£
Cost
At 1 June 2022 and 31 May 2023
2,100,000
------------
Impairment
At 1 June 2022 and 31 May 2023
------------
Carrying amount
At 31 May 2023
2,100,000
------------
At 31 May 2022
2,100,000
------------
The company owns 100% of the issued share capital of Brebur Limited. This company is registered in England and is involved in construction services.
5. Debtors
2023
2022
£
£
Corporation tax repayable
1,777
Amounts owed by related undertakings
157,939
157,939
Other debtors
22
22
------------
------------
157,961
159,738
------------
------------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
404,511
405,291
Director loan accounts
333,734
333,734
Other creditors
20
20
------------
------------
738,265
739,045
------------
------------
7. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
32
32
32
32
------------
------------
------------
------------
The shares are designated as 10 A, 10 B, 6 C and 6 D ordinary shares of £1 each.
8. Related party transactions
Included in debtors above is a loan to Thomas Peterson Limited, a company controlled by the directors, of £157,939 (2022: £157,939). The loan in unsecured, repayable on demand, and currently interest free. Included in creditors above is a loan from the subsidiary company, Brebur Limited, of £404,511 (2022: £405,291). The loan in unsecured, repayable on demand, and currently interest free. Also included in creditors above are loans from the directors of £333,734 (2022: £333,734). These are unsecured, repayable on demand, and attract interest at variable rates.
9. Control
The company is controlled by the directors.