Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-310No description of principal activity2022-11-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.0truetrue 12274756 2022-11-01 2023-10-31 12274756 2021-11-01 2022-10-31 12274756 2023-10-31 12274756 2022-10-31 12274756 c:Director1 2022-11-01 2023-10-31 12274756 d:FreeholdInvestmentProperty 2023-10-31 12274756 d:FreeholdInvestmentProperty 2022-10-31 12274756 d:FreeholdInvestmentProperty 2 2022-11-01 2023-10-31 12274756 d:CurrentFinancialInstruments 2023-10-31 12274756 d:CurrentFinancialInstruments 2022-10-31 12274756 d:Non-currentFinancialInstruments 2023-10-31 12274756 d:Non-currentFinancialInstruments 2022-10-31 12274756 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 12274756 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 12274756 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 12274756 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 12274756 d:ShareCapital 2023-10-31 12274756 d:ShareCapital 2022-10-31 12274756 d:RetainedEarningsAccumulatedLosses 2023-10-31 12274756 d:RetainedEarningsAccumulatedLosses 2022-10-31 12274756 c:FRS102 2022-11-01 2023-10-31 12274756 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 12274756 c:FullAccounts 2022-11-01 2023-10-31 12274756 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 12274756










BRENTON ESTATES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
BRENTON ESTATES LIMITED
REGISTERED NUMBER: 12274756

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
177,000
175,000

  
177,000
175,000

Current assets
  

Debtors: amounts falling due within one year
 5 
170
624

Cash at bank and in hand
  
983
1,187

  
1,153
1,811

Creditors: amounts falling due within one year
 6 
(50,066)
(45,599)

Net current liabilities
  
 
 
(48,913)
 
 
(43,788)

Total assets less current liabilities
  
128,087
131,212

Creditors: amounts falling due after more than one year
 7 
(128,077)
(130,195)

  

Net assets
  
10
1,017


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
(190)
817

  
10
1,017


Page 1

 
BRENTON ESTATES LIMITED
REGISTERED NUMBER: 12274756
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






W Champness
Director

Date: 25 July 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
BRENTON ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Brenton Estates Limited (12274756) is a private company limited by shares. It is incorporated in England & Wales. 
The registered address of the company is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT.
 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
BRENTON ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

Investment property

Investment property is carried at fair value determined annually by 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. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
BRENTON ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.10

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 5

 
BRENTON ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

3.


Employees

The Company has no employees other than the directors.


4.


Investment property


Freehold investment property

£



Valuation


At 1 November 2022
175,000


Surplus on revaluation
2,000



At 31 October 2023
177,000

The 2023 valuations were made by the directors, on an open market value for existing use basis.





5.


Debtors

2023
2022
£
£


Prepayments and accrued income
170
185

Deferred taxation
-
439

170
624



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
4,064
3,943

Corporation tax
-
146

Other creditors
44,802
40,310

Accruals and deferred income
1,200
1,200

50,066
45,599


Page 6

 
BRENTON ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
128,077
130,195


 
Page 7