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REGISTERED NUMBER: 12799064 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Brix Investments Ltd

Brix Investments Ltd (Registered number: 12799064)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Brix Investments Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: M Whitworth





REGISTERED OFFICE: Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE





REGISTERED NUMBER: 12799064 (England and Wales)





ACCOUNTANTS: Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Brix Investments Ltd

The following reproduces the text of the report prepared for the director 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 Director 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 Brix Investments Ltd for the year ended 31 December 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 director of Brix Investments Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Brix Investments Ltd and state those matters that we have agreed to state to the director of Brix Investments Ltd 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 Brix Investments Ltd and its director for our work or for this report.

It is your duty to ensure that Brix Investments Ltd 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 loss of Brix Investments Ltd. You consider that Brix Investments Ltd 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 Brix Investments Ltd. 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.






Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE


26 July 2024

Brix Investments Ltd (Registered number: 12799064)

Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 724 326
Investment property 5 1,101,605 1,101,605
1,102,329 1,101,931

CURRENT ASSETS
Debtors 6 994,603 1,096,906
Cash at bank 10,533 159,583
1,005,136 1,256,489
CREDITORS
Amounts falling due within one year 7 2,081,638 2,331,657
NET CURRENT LIABILITIES (1,076,502 ) (1,075,168 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,827

26,763

PROVISIONS FOR LIABILITIES 170 81
NET ASSETS 25,657 26,682

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 25,656 26,681
25,657 26,682

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Brix Investments Ltd (Registered number: 12799064)

Balance Sheet - continued
31 December 2023


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 director and authorised for issue on 26 July 2024 and were signed by:





M Whitworth - Director


Brix Investments Ltd (Registered number: 12799064)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Brix Investments Ltd 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, modified to include the revaluation of freehold properties at fair value.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% Straight line

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Brix Investments Ltd (Registered number: 12799064)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provision of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amount presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 652
Additions 654
At 31 December 2023 1,306
DEPRECIATION
At 1 January 2023 326
Charge for year 256
At 31 December 2023 582
NET BOOK VALUE
At 31 December 2023 724
At 31 December 2022 326

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 1,101,605
NET BOOK VALUE
At 31 December 2023 1,101,605
At 31 December 2022 1,101,605

Brix Investments Ltd (Registered number: 12799064)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. INVESTMENT PROPERTY - continued

The fair value of the investment properties have been arrived at on the basis of valuations carried out by the company's director. The valuations were made on an open market value basis by reference to market evidence of transaction prices for similar properties and in their opinion have not significantly fluctuated since then.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 1,380 4,256
Other debtors 993,223 1,092,650
994,603 1,096,906

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade creditors 7,435 5,643
Amounts owed to group undertakings 255,000 255,000
Taxation and social security 18,139 13,998
Other creditors 1,801,064 2,057,016
2,081,638 2,331,657

8. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed the director £1,762,231(2022 : £2,029,688). During the year the company paid interest on this loan of £40,976 (2022 : £25,058).

Included in other debtors is an amount of £991,828 (2022 : £1,091,828) due by Sand Dunes (Essex) Ltd, a company under the control of the ultimate controlling party. During the year the company received interest of £90,000 (2022 : £90,000) relating to the advance.

9. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Manor Studios Ltd, a company registered in England and Wales.

The ultimate controlling person is M Chittenden by virtue of his shareholding in Manor Studios Ltd.